6 Money-Saving Strategies For New Homeowners

Written by Posted On Monday, 18 September 2017 11:50

Moving into your new home is exciting, especially if it is your first time buying a home. As exciting as owning your home may be, there are some things to consider so that you are not spending more money than you need to and can continue to enjoy your home for years to come.

 

Install Ceiling Fans

High electric bills are a concern for many homeowners, but there are some things you can do to keep your energy bill as low as you possibly can. One small thing you can do is to install and use ceiling fans. According to Trent Hamm of The Simple Dollar, ceiling fans can cut down on energy costs by cooling you off in the summer and removing cool air in the winter, depending on the direction you set your ceiling fan to spin. Ceiling fans keep you from having to use the air conditioner or heater as much so that you don’t rack up a high energy bill.

 

Check Insulation

Have you checked the insulation in your new home? In all the excitement, insulation is something that is easy to overlook, but if you do not have enough insulation in your home, you will end up paying more in the long run. According to the Alliance to Save Energy, making sure your home is adequately insulated can save you about 20 percent of your energy costs. Places to check are doors and windows for adequate weather stripping and in attics near the roof. Also, pipes are another great place to check for and add insulation so that your water will not lose heat, forcing the water heater to use more energy.

 

Homeowner’s Insurance

Once your Dallas moving company has safely moved your belongings into your new home, you will want to ensure that your home and belongings are safe from floods, storms, break-ins, and other disasters. While your Dallas movers won't be able to get you an insurance quote, you can search for an insurance broker to help you find the best deal that will save you money. To accomplish this, you will need homeowner’s insurance. According to an article on Forbes, one way to save money on homeowner’s insurance in the long run is by getting an umbrella policy. An umbrella policy will cover more than a standard policy, so you can rest easy knowing that you have more coverage. Homeowners insurance is not always cheap, but it will save you a large sum of money in the event that disaster strikes.

 

Change Your Lightbulbs

Light Bulbs seem insignificant when it comes to saving money, but the lightbulbs you have in your home can make a noticeable dent in your wallet if they are not energy-efficient. According to the Alliance to Save Energy, you can save at least one-third of your energy costs by replacing old light bulbs with energy-efficient ones, such as CFL bulbs. CFL light bulbs are energy-efficient and will last longer than standard incandescent bulbs.

 

Check Your Thermostat

Do you adjust your thermostat before you leave your home? Checking your thermostat is another way to save money. An easy way to do this is by adjusting it before you leave home so that it is not using as much energy while you are away. You can also install a programmable thermostat that you can program to adjust itself at a specific time of the day. According to the Alliance to Save Energy, you can save up to 10 percent by using a programmable thermostat.

 

Add Shade Around Your Home

To save on energy costs, you might consider planting some trees in your yard. If planted strategically, the trees can shade your home from the sun and wind. Your home will be shielded by the trees, so your energy bill will be lower as a result.

 

Owning a home can be expensive. Taking precautions to protect your home and cut down on your energy bill will put you at ease and allow you to enjoy your new home without worrying about high energy bills.

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