Home Improvements That Can Save You Money in the Long Run


Owning a home is an exciting experience, but also one that comes with extra costs every month. Thankfully, maintaining a home doesn’t have to be expensive since recurring monthly costs aren’t fixed, and there’s a lot you can do to keep them down. Here are a few improvements to consider that will save you money in the long run.

Smart Thermostat - Investing in a smart thermostat will definitely help you save on your heating and cooling expenses. One of these thermostats can switch on and off automatically when you leave home, therefore heating or cooling while nobody is there. Another plus is the ability to adjust the temperatures while you’re away from home.

Smart Lighting - By purchasing smart lightbulbs or fixtures, you have the ability to turn on and off the lights while nobody is in a room, or at home. With the touch of a finger (on an app), you can control your lights even when you’re away from home. With these features, you can avoid leaving lights on unnecessarily.

Low Flow Toilets and Showerheads - In every home, toilets, and showers are used a few times each day. According to the Environmental Protection Agency (EPA) the United States uses 1.2 trillion gallons of water each year for showering only. Shifting to low-flow plumbing and showerheads with a WaterSense label can reduce the amount of water that your family uses every day.

Energy Efficient Appliances - When updating your kitchen appliances, be sure to choose highly efficient products. Appliances that are not energy efficient will add to your monthly bills, thus you should always check the energy ratings. To avoid high energy bills and repair costs, turn your appliances off when not in use, use as directed, and clean and maintain them, as well.

Safety and Security System - Not only does this give you peace of mind, but it can also lower your home insurance costs. This is because insurers know that homes with security systems are less likely to be invaded by burglars. When the risk is low, premiums will be lower.

Energy Efficient Doors and Windows - Replacing your old doors and windows with energy-efficient ones is another way to lower energy consumption in your home. If your budget does not allow you to get new ones, you can work with a contractor to make improvements that will reduce energy loss through your current windows and doors.

Insulation - Insulating your house, especially the attic, is another home improvement project that can help in saving money down the line. When your house is well insulated, you won’t have to spend as much money to keep it cool during the summer, or warm during the winter months. If you are unsure how much insulation your home needs, start with an energy audit.

Solar Panels - The initial cost of installing the panels can be high, but after that, you will enjoy energy flow at a minimal cost. Solar energy can be used for lighting, heating water, and powering appliances, among many other ways. Therefore, as long as it’s sunny, you’ll continue getting energy. Plus, relying on solar energy is a great way to conserve the environment.

In most states, homeowners investing in solar energy also qualify for tax credits.

If you’re looking to make home improvements, consider a Home Improvement Loan from Pioneer. Fixed rates and flexible borrowing options will help you get started on your next exciting project. Interested in learning more? Speak to a Branch Representative at one of our twenty-two local branches.