New American Funding Blog

3 Money Savers for Homeowners

By Rachel   |  November 7, 2016

Simple but Effective: 3 Money Savers for Homeowners

Moving into a new home is one of life’s most exciting, unforgettable events. However, once the excitement fades, the maintenance begins.   

Is that a bad thing? Not at all. In fact, some of the most unspectacular, mundane aspects of homeownership can lead to solid, long-term cost savings over time. Better yet, they help protect your home’s resale value and make it even cozier and more comfortable in the process.

Here are three simple but effective ways to save while sprucing up:

#1 Energy efficiency can heat up your savings.

Buying attic insulation isn’t quite as satisfying as purchasing a new chandelier, but it can actually rack up some impressive savings in the long run. In colder climates, for example, upgrading your attic insulation from R-11 to R-49 can help you can save as much as $600 annually, which is enough to pay for a new chandelier.

#2 Out of sight, out of mind—but not out of pocket.

Cleaning and properly installing air filters is more than a to-do. These simple, easily forgotten components are essential to the efficient and cost-effective operation of your home’s major appliances, such as furnaces, air conditioners, and built-in humidifiers. Compare the cost of replacing filters with that of a repair or major cleaning by a qualified technician and you will see the dollars and sense to regular replacement.

#3 Losing money one drop at a time.

Sometimes, it’s the “hidden” problems that end up costing the most. Dripping faucets or water lines under sinks can drain your pocketbook in the form of higher water bills. In fact, 10 gallons per day, on average, may be lost to leaks. Another step to consider is installing low-volume toilets that limit the amount of water used to flush—an upgrade that can sharply reduce the 20 gallons of water flushed away per day. 

 Believe it or not, when it comes time to sell your home, you will find the little things do matter. Not only will you have enjoyed a more comfortable home, but you will also find that potential homebuyers value well-maintained homes…literally.

What’s not exciting about that?

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