Home Renovations that Save You Money Long-Term

Home Renovations that Save You Money Long-Termby adminon.Home Renovations that Save You Money Long-TermIf you’re like thousands of other Canadians, your home might not be as efficient as it could be. Getting the most out of your home renovations means that your home works for you. That is – it saves you money over time. When you run an inefficient home, you keep pouring money into it year […]

If you’re like thousands of other Canadians, your home might not be as efficient as it could be. Getting the most out of your home renovations means that your home works for you. That is – it saves you money over time. When you run an inefficient home, you keep pouring money into it year after year. You can stop spending so much cash on renovations with these long-term, money-saving renovations.

Pre-Renovation Inspections

home Home Renovations that Save You Money Long TermIf you get a professional to inspect your home , they may be able to tell you where you stand to save the most money. They can look for the problem spots and give you suggestions about how to proceed. They can help find some of the projects that you might have overlooked otherwise.

Low-Flow Toilets, Showers and Faucetsbathroom Home Renovations that Save You Money Long Term

The biggest water consuming room in your home is likely your bathroom. We use it for showers, for getting ready in the morning, brushing our teeth and using the toilet. A low flow toilet can save you up to 4.5 gallons of water per flush. While a normal flow toilet uses about 5 gallons per flush, a low flow toilet can use as little as 1.6 gallons per flush. That’s a big difference when the hydro bill comes due.

Don’t stop the savings at your toilet. Low flow faucets and showers can save you just as much every time you use them. Every time you run your tap, you can use up to five gallons per minute. Low flow faucets bring that number down to 1.5 gallons per minute. Showers can save you a whopping 35 gallons each shower. Low flow showerheads at 10-minutes use only 15 gallons of water.

Heating System Savings

save moneyThe biggest portion of your energy bill is probably spent on heat, up to 2/3. By cutting your heating bill, you’re taking a chunk out of the biggest portion of your monthly expenses. You can take a significant chunk out of this by replacing your heater or boiler, but it’s not a cut and dry story.

If your heater is fifteen years and older, you very likely to save money on a new system. Anything less than that and you’ll have to do some research to determine just how much you could save each year on heating.

Insulation Upgrade

Insulation UpgradeHave you thought about how much money you might be losing by hanging on to your old insulation? Because we don’t see the insulation in our homes, it’s easy to let it fall to the back of our minds. Experts say that if your home is 30 years old or more, it might be time to think about an upgrade.

Re-insulating your home may be one of the harder renovations to achieve, but the cost savings over time may just be worth it. You can stand to save up to $1,500 a year on heating in your home depending on its current state.

If you’re going to start anywhere in your home, start with the attic. It will be the easiest to renovate, and it could be the place your home loses the most heat throughout the year.

Replacement Windows

Replacement WindowsDo you know how much heat you’re losing through your windows? If you’ve never installed new windows, they could be decades old. Up to 20% of your home’s heat could be lost through windows, so it’s easy to see how much you could be saving over the year.

When you’re thinking about how much money you’ll save, it depends on your climate and the type of window you get. Generally, you can save up to $500 dollars a year when you go for a new windows installation.

Getting the Best Quality

No matter how much you renovate your home to get the best bang for your energy bill, it won’t make enough of a difference if you’re not using quality parts. When you’re selecting a company to perform a renovation, choose a reputable company that only uses high quality parts. Anything less and you risk paying more than you expected.

Making your home more efficient is the best way to save money in the long term. A few hundred here or there may seem small, but once you install as many renovations as you can, the savings can climb into the thousands per year. These savings can help you save for important purchases, give you more money in your pocket and even help you pay off your mortgage faster than you would have without them.

Author Bio:

Gina Brewton has been in the home improvement industry for the past 7 years. She is presently working at a company called Clera windows in Toronto. She is also a part time interior designer. She has her interests in cooking, photography, craft and painting. Follow her on twitter@ginabrewton.

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