10 Surefire Home Updates That Will Save You Money On Your Bills Immediately

Tuesday, May 3, 2022

This year, as you’ve probably noticed, the cost of housing is going through the roof. The average home cost in America is expected to increase by 5.5% this year alone. And the cost of living just keeps on rising.

With that in mind, you might be wondering what you can do to keep costs down. Luckily, there are many ways to save money while still living comfortably. Here are 10 affordable home updates that will immediately save you money on your bills.

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Install Water-Saving Fixtures

Installing water-saving fixtures can drastically lower your water bill. For example, instead of running the shower for five minutes, you can now only run it for one minute. Similar adjustments can be made for toilets and sinks. Another water-saving tip is to only fill your toilet tank once a day instead of every time you use the restroom.

If that sounds like a hassle, though, there are plenty of fixtures that will reduce your water consumption for you. Look at showerheads that use air to reduce your water usage or upgrades to your taps to help you be more water conscious. Making your home more energy efficient doesn’t just help your purse strings. It’s also better for the planet. That’s because you’re using more renewable sources that aren’t putting pressure on our planet’s resources.

Replace Your Old Furnace

If your home’s heating system is an outdated furnace, you can replace it with an oil-filled heat pump. These units are more energy efficient than traditional furnaces and can even be used during the winter months. Furthermore, they produce more warm air than a standard furnace.

However, they aren’t cheap. You might be able to find a more affordable model. But the investment can save you big bucks down the line.

Opt For Hot Water Heating

Instead of getting a gas water heater, consider getting a tankless water heater. The tankless water heater has no tank, and it heats up water as and when you need it. This will save you money in the long run because you won’t have to buy propane for the stove, and your water bills will be lower than with a traditional water heater. However, this upgrade could cost you anywhere from $5,000 to $20,000, depending on the heater’s brand, style, and complexity.

Install Solar Panels

If you live in an area that gets lots of sunlight during the day, consider installing a solar panel. This will help you save on your energy bill by generating electricity that you can use. Furthermore, many solar panels are designed to last 25 years, so you won’t have to replace them for a long time. So while they might cost you a pretty penny upfront, you’ll start saving money as soon as the sun comes out.

Get An Energy Audit

A thorough energy audit can help you identify ways to cut back on your energy bill. This service will audit your home to see how much energy it uses throughout the day and identify ways to save. In addition, a good energy audit will offer suggestions for saving on your bill, such as making sure your thermostat is set at the right temperature.

Install Energy Efficient Windows

Windows are a significant source of energy loss in a home. That’s because inefficient ones will see you losing precious heat that you try to claw back by putting your heating on for longer and higher.

So, instead of just painting them, opt for energy-efficient windows. This will reduce your carbon footprint and save you money on your energy bill. Furthermore, an energy-efficient window is much stronger than a regular one. That means less damage to your house from wind and weather. If you’re considering an energy efficient window replacement, then look at all your options. That’s because there are so many of them now. Going energy efficient doesn’t mean you are sacrificing style after all.

Put A Water Filter On Your Faucet

Consider installing a water filter if you have a standing water source near your house, such as a storm drain. This will reduce the risk of bacterial growth and give you clean water at a much lower price than bottled water. Furthermore, the filter will save you money on your monthly water bill because you won’t have to replace it as often.

Things like this don’t sound like much fun, but it’s often true that installing things to save money on your bills isn’t fun. But you can do more fun stuff with all the extra cash you save!

Install Smart Home Technology

Consider installing smart home technology if you’re looking for an affordable home upgrade. This will help you monitor your energy bill, track your home’s daily performance, and find ways to save. You can also use home security systems to protect your home from intruders.

Not only will you be able to track your usage, but you’ll be able to operate all connected systems from your phone. That means you can turn off lights that you forgot about while you’re out shopping. Or you can switch the heating on 30 minutes before you get home, so the place is warm when you get back.

Get A Rainwater Harvesting System

If you live in an area that rains a lot, consider installing a rainwater harvesting system. This will save you money on your water bill and give you clean water. Plus, most rainwater harvesting systems are straightforward to install. They also don’t require a lot of space. And if you’re green-fingered, then all that free water will go a long way when it’s time to water your garden.

Add Roof Insulation

This will help you save on your energy bill and protect your roof. And most roof insulations are very easy to install and don’t require a lot of space. Many people prefer to add a layer of shingles to their roof because it costs less. However, you should make sure that the shingles are properly sealed to prevent leaks from the insulation. A good shingle sealer will protect your roof from leaks.

Roof insulation is one of the easiest ways to reduce your bills because most energy is lost through inefficient insulation. Unfortunately, that means it gets lost through roofs and flooring. So consider bumping up your floor insulation while you upgrade your roof.

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