Money Saving Tips For Homeowners
As a homeowner, it often feels like our wallets are constantly being opened for a new expense related to our homes. The good news is that there are plenty of ways to save on your housing costs.
20 Ways To Save Money On Housing Expenses
1. Get multiple quotes before making big purchases
There is no way to avoid spending money as a homeowner but you can make smarter, more informed decisions. Don’t just go with the first quote you get for a new roof or HVAC system. Get at least three quotes from different contractors to ensure you’re getting the best price.
2. Shop around for homeowners insurance
Homeowners’ insurance rates can vary greatly from one company to the next. Be sure to shop around and compare rates before choosing a policy. The most important part of this process is making sure that each quote gives you the same coverage.
3. Consider a pellet stove
A pellet stove can be a great way to supplement your home’s heating system and save money on your energy bill.
4. Install solar panels
Solar panels can help you save money on your electric bill and may even earn you money through government incentives.
5. Get energy-efficient appliances
Energy-efficient appliances can save you money on your utility bills each month. Look for the ENERGY STAR label when shopping for new appliances.
6. Consider a wood-burning stove
Woodburning stoves are a great alternative for heating your home this winter. They make your home feel cozier and they save you money on your electric bill. In addition, they will work even if the power grid fails.
7. Use a programmable thermostat
A programmable thermostat can help you save money by automatically setting your home’s temperature based on when you’re typically home or away.
8. Add insulation to your attic
Adding insulation to your attic is a great way to keep your home’s temperature consistent and save money on your energy bill.
9. Use caulking and weather stripping
Caulking and weather stripping can help prevent drafts. Another easy way for you to save money on your home energy bill.
10. Get a home energy audit
A home energy audit can help you identify ways to decrease your energy bills. Many utility companies offer free or discounted audits. They will often even provide you with free energy-saving light bulbs, shower heads, and more.
11. Consider compact fluorescent light bulbs
Compact fluorescent light bulbs use less energy than traditional incandescent bulbs and can save you money on your electric bill. They also last longer in general.
12. Use a clothesline
Drying your clothes on a clothesline or a drying rack instead of using your dryer can save you money on your energy bill.
13. Wash your clothes in cold water
Washing your clothes in cold water instead of hot can save you money on your water bill. It will also help your clothes to last longer.
14. Take shorter showers
We know this is a hard one but the savings on your electric bill may be enough to convince you to take shorter showers!
15. Fix leaky faucets
It is amazing how a little leak can cost you so much. Fixing leaky faucets can save you money on your water bill and it can save you thousands of dollars in water damage down the road.
16. Install low-flow shower heads
Low-flow showerheads use less water than traditional shower heads and can save you money on your water bill.
17. Insulate your hot water heater
Adding insulation to your hot water heater can reduce the cost of your energy bill.
18. Use a power strip
Using a power strip to control your electronics can save you money on your electric bill. But be careful, overloading a power strip is a fire hazard.
19. Educate your family about conserving energy
Teaching your family about conserving energy can help you save money on your utility bills each month. If each member of the family commits to turning off lights, taking shorter showers, and unplugging devices they are not using, you may be surprised how much you can save.
20. Consider energy-efficient windows
New energy-efficient windows can help stay warmer and also save money on your energy bills. Look for the ENERGY STAR label when shopping for new windows.
As a locally owned chimney company, we can help you if you’re looking to invest in a pellet stove or wood-burning stove. But did you know we have relationships with other home service providers who can help you with roofing, plumbing, HVAC, and more? If you need a referral to someone you can trust for your home, give ChimneyTek a call at (410) 796-8450.