If you’ve ever been hit with a sudden unexpected bill, you know the damage it can potentially cause. If the bill is particularly large, it might even result in the need for a loan or remortgaging your house. Home repairs are among the main reasons why you could be hit with an unexpected expense. However, there are methods available which can reduce the possibility of your home becoming a money pit. Below are five useful money saving home improvement tips for savings in the long run.
Install a smart thermostat
While smart technology should be considered for multiple home improvement tips, a smart thermostat is particularly advantageous for saving money.
The cost of purchasing and installing a smart thermostat might be initially off-putting. Yet it won’t take long for this piece of technology to earn that cash back. The reason for this is smart thermostats maximize efficiency levels. They will only target temperatures to rooms which are occupied. They turn off when nobody is home. You can even input a household schedule where it will heat and cool as desired.
Change the water system
A new water system can help in multiple ways – and saving an ample amount of money is one of them.
Arguably the best option for this is by going with a water softener system. Blackburn Plumbing recognizes the importance of water softeners, pointing out how they can help save money in multiple different areas.
First of all, you don’t lose as much water volume with soft water when compared to the hard equivalent. The reason for this is due to mineral buildup which is caused by hard water. Oh, and this buildup of minerals in your pipes can also result in appliances – such as washing machines and dishwasher – becoming damaged. All of this means that, indirectly, a water softener system can also cut down on your electricity and gas bills.
Up the security
When reading this, the general thought will be that a home security system will keep burglars at bay. While this is certainly true – and it’s an important aspect when you factor the average victim of a home burglar loses over $2,400 – it’s not the only reason for added safety measures. A home security system can also help save on your homeowner’s insurance.
Money Saving home Improvements with solar panels
Solar panels might require the biggest outlay of all the options featured on this list, but they are definitely worth installing if you have the spare cash. 2019 statistics suggest the average price of adding solar panels is around $12,500 in the United States. However, another average suggests that a solar panel system will return this money within eight years.
Maintain the gutters
The other picks on this list leave you to sit back and relax as those savings build up. It’s a different story with regards to maintaining the gutters. This will require regular investigation and maintenance. Thankfully, it is easy to install a new gutter system if needed, and the parts are generally inexpensive. Efficient and effective gutters help prevent water damage – a major concern which could result in a five-figure bill to correct. So it goes without saying that you should maintain your home’s gutters.
This post is a collaboration of editors and writers and may contain relevant, relatable affiliate links. All opinions are our own and for informational purposes only.