17 Things Homeowners Should Do Immediately To Save Money

    So you’re one of the lucky 2/3 of Americans who own a home and no longer have to pay rent. That’s great, but by no means is home ownership cheap. With the rising costs of living, finding ways to save money is something that everyone should do.

    Here are 17 things to do immediately that will reduce the maintenance costs of your home over the long haul. You can read about them and click any of the links provided for more information.

    1. Check The Insulation in Your Attic – And Install More If Needed.

    If you have an unfinished attic, pop your head up there and take a look around. You should see insulation up there between the beams, and there should be at least six inches of it everywhere (more if you live in the northern part of the United States).

    If there’s inadequate insulation up there – or the insulation you have appears to be damaged – install new insulation. Here’s a great guide from the Department of Energy on attic insulation, including specifics on how much you should have depending on where you live. Many states offer financial incentives, up to a 75% refund for instance, to encourage homeowners to better insulate their homes.

    2. Negotiate A Better Mortgage Rate With HARP

    If you’re a homeowner and you want to save yourself thousands of dollars this year, there’s a government program that you might be able to take advantage of called HARP. The Home Affordable Refinance Plan (HARP) could help hundreds of thousands of Americans reduce their monthly payments by as much as $3,500 in their first year. The program was set to expire in 2017 but has been extended to 2018 for the time being. In order to qualify for HARP you’ll need good or excellent credit, so if you don’t have a very good credit rating then this probably isn’t for you. To check if you qualify visit HARP Approvals, and fill out the short quiz (take 2 minutes). If lowering your payments, paying off your mortgage faster, and having an extra $290 a month in HARP savings would help you, then this could be the easiest money savings tip you take.

    3. Never Pay For Home Repairs Again

    Many homeowners don’t have the extra cash to shell out for repairs when something in the house breaks. You most likely have homeowners insurance right? But what about if your washing machine of 10 years breaks down? Or your dryer just stops working one day? Homeowner insurance won’t cover those repairs. That’s why getting setup with a Home Warranty Program can actually end up saving you a lot of money in the long run. It will cover any unexpected repairs to your appliances, plumbing, water heaters, heating and other electrical systems. They also will replace anything that they can’t fix. Make sure you shop around for rates on a home warranty program – this website will give you quotes that you can then choose from. A home warranty program should be a minor cost that can end up saving you major money.

    4. Lower The Temperature on Your Water Heater Down To 120 Degrees Fahrenheit (55 Degrees Celsius)

    This is the optimum temperature for your water heater. Most people don’t use water hotter than 120 degrees — indeed, water hotter than that can scald you or a child — and thus the energy needed to keep the water above 120 degrees isn’t used effectively. Lower the temperature, save money on your energy bill, and you’ll never skip a beat.

    5. Upgrade Your HVAC System And Save On Money and Energy

    Old heating, ventilation and air systems suck energy and finances and after several years just don’t get the job done like they used to… The goal of a good HVAC system is to provide thermal comfort and good, healthy indoor air quality. There are literally hundreds of companies out there clamoring for your business and you can get quotes from up to four pre-screened, licensed, & insured contractors.

    6. Install A Home Alarm System

    Did you know that a home without a home security system is 3x more likely to be broken into than a home with a security system? But installing a home alarm system isn’t just to stop burglars and intruders, it can also save you big money over the years. A house alarm may save you money on your homeowners insurance policy (which is generally mandatory if you own a home). In fact, you’d be shocked at what you might save on your homeowners insurance when installing an alarm The good news is that some of these home alarm companies offer customers some really good deals. Check out Protect Your Home, one of the best companies out there, to see the deals they are offering currently to secure your household and help protect your loved ones.

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    Thomas Goss

    Often buying and/or selling is one of the biggest purchases you will make throughout your lifetime. When making this decision you want to work with a real estate professional that is loyal, hardworking, trustworthy and experienced. We offer a group of real estate professionals, combining our experiences while working together for our clients. We are confident that our team of real estate agents bring the skills necessary to successfully complete a variety of transaction types. If you are a first-time home buyer or relocating we can help. We have successfully negotiated bank owned properties and short sales. If you are an investor we are here to walk you through every step of the way. In fact, the leader of the Goss Team has over 10 years of experience as a contractor and has rehabilitated many properties across Northern Rhode Island. We feel fortunate to provide you with a great group of lenders, attorneys and other referral partners that also pride themselves on the services they provide. We want you to feel confident and know that we only want the best for our clients. We are excited to represent you and build a long-lasting relationship with you while walking you through the important journey of making your dreams become a reality. 2017 RE/MAX 100% CLUB 100% CARE FOR OUR CLIENTS 5 STAR ZILLOW PREMIER AGENT We Make Dreams Come True.

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