When we hear the term “home improvement” we typically think of a large expense and a major renovation. The truth is, not all home improvements cost a fortune and some types of home improvements can even save you money in the long run. These types of home improvements can decrease your utility bills and increase the value of your home. Consider some of these energy-saving upgrades for your next home renovation!
Add more insulation. The more insulation you have, the more you can keep air from flowing in and out of the home. This will decrease the amount of time you have to run your heater or air conditioning, which can go a long way in decreasing your energy bills. You may want to consider using foam when insulating smaller areas.
Get new windows. Windows tend to ware down over time. The window frames loosen, which leaves gaps for air to get into or escape from the home. Try replacing your old windows with new, double-paned windows to avoid drafts. You may even want to consider tinted windows. This will allow less sunlight in and decrease the amount of energy needed to cool your home. New windows also have the added benefit of providing a great first impression when it comes time to sell your home.
Switch your appliances to energy saving appliances. You can purchase appliances that use less water and electricity and are designed to operate more efficiently all together. Look for appliances that are “Energy Star approved.” You can also get rebates from Energy Star on some products. Having these types of appliances throughout your home is another thing that will increase your home’s market value.
Along with these types of improvements, it is also a good idea to find out about any tax credits, rebates, or utility discounts you can receive in your area. Some utility providers offer incentives to homeowners who make energy-efficient upgrades. All of these are potential added bonuses that can save you even more money down the line!
If you are thinking about doing some home improvements, we would love to help you finance your project! A cash-out refinance can be a great way to get the cash you need for any of your home renovations. Please feel free to contact one of our qualified loan officers to talk about your refinancing options!