When you think about home upgrades, you often think about how much they will cost. And while this is important, you should also think about how much money you can ultimately save. If you choose the right upgrade, it could have a very good impact on your home’s expenses. As you consider which upgrades to do, here are five options that will save you money.
Buy a New Water Heater
If you have an old water heater in your home, it requires a lot of energy to work. This can bring your utility bills up. The average water heater lasts eight to twelve years. So if yours is getting up in age, consider buying a new one. Modern models are more energy-efficient while providing hot water that is just as good, if not better. So take some time to consider the different models you might choose. While you’ll have to pay for the replacement upfront, you will save on your utilities in the future.
Repair Your Roof
A new roof is a major investment. However, if you take care of the one you have, you can extend its lifespan significantly. Get your roof inspected, then hire someone to do any necessary repair work. This will save you money in two ways. First, you now have time to plan for a new roof. You’ll be able to shop around for the best deals and figure out how you want to pay for them. You’ll also be able to consider what type of roof you want. There are two kinds of asphalt shingles: organic and fiberglass. You’ll be able to find the ones that are best for you.
Second, leaks in your roof can cause significant damage to your home. Water leaks can lead to structural problems and mold, both of which can be expensive to take care of. Do the repairs now and avoid costs later.
Replace HVAC Filters
Much of your home’s energy usage goes towards your HVAC system. If the filters are dirty, your system has to work harder, consuming more energy. If you want a simple upgrade, replace your HVAC filters. In most systems, replacing your filters can save you five to fifteen percent of your energy consumption.
Install Solar Panels
Solar panels are a long-term investment that can pay off in a big way. Electricity from solar power is extremely cheap, meaning you likely won’t need to pay the electricity company in order to power your home. You’ll need to buy or lease the panels, which can be expensive. However, there are programs that can help decrease the upfront costs. By installing solar panels, you’ll be investing in clean, free energy for your home in the future.
Install Low Flow Fixtures
If you’re looking into replacing toilets, showerheads, and faucets, you should look into low-flow options for your home. These fixtures can cut down on your water usage without causing any inconvenience to you. Low-Flow fixtures can eliminate a lot of water waste. Not only is this good for the environment, but it’s good for your budget as well. You’ll save money on both your water bill and your energy bill. While the initial savings might be small, they will add up over the years.
Home upgrades are a perfect opportunity to make your home more budget-friendly. Whether you’re looking into major changes or small improvements, there is always something you can do that will save you money in the future. These five options are a good place to start. So, as you plan out your next home improvement project, add these to the list and they will all eventually save you money.