There are many small investments you can make around the house that will save you money in the long run. These can come in the form of replacing appliances, fixtures, or conducting repairs. The best investment you can make would be those that make your home more energy efficient. If your home is energy efficient, you can save on heating, increase the value of your home, and you may even qualify for tax credits that are available from the federal or provincial government.
Here are a few money saving home investments:
Energy Efficient Windows
New materials, design, and technology has allowed windows to become more energy efficient. For example, you can invest in UPVC windows that are an attractive alternative to traditional metal and wood. UPVC is environmentally friendly, endurable, and resistant to the weather, parasites, as well as pollutants. Energy efficient windows keep more hot air in and cold air out, allowing you to consume less energy for heating. Double paned windows can also reduce the amount of heat transfer that occurs. UPVC windows are also environmentally friendly and the material is recyclable, saving you money and helping the environment simultaneously.
In addition, you can add weather stripping around your doors and windows. These will also prevent heating and cooling loss due to holes around the window or door. A few patches can save you quite a bit of money when you consider the amount of heat you retain.
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Tank-Less Water Heater
Although this may seem like a big investment, it can save you money in the long run. Tank-less water heaters can save you as much as ten to twenty percent on your water bill, plus they last longer than regular water heaters. As the hot water is not stored, you don’t have to worry about running out.
Additionally, you can buy low flow fixtures for your shower and sink. These fixtures maintain water pressure while at the same time reducing the amount of water that flows out of the pipe. Low flow shower heads should be available in most home stores.
Programmable thermostats adjust the heating of your home when you are not there. That way you can control the amount of heating you use and reduce wastage. Not only will they save you money, they also provide more accurate readings than regular thermostats.
Energy Efficient Appliances
You can also invest in energy efficient appliances such as High Efficiency washing machines that use less detergent, less water, and less energy.