9 Hidden Home Saving Tips

Whether you are a 1st time homebuyer or have been a homeowner for years, there are a number of ways to save money in your home that you may not know about. We have rounded up the 9 best tips from in-house specialists and real estate experts.

 

Insurance

  • Invest in a modern security system
    • Home security can, on average, save 20% with insurance discount.
  • Choose a safe neighborhood
    • Homes may cost more to insure neighborhood safety but it’s worth it.
  • Make sure the electrical is updated
    • Home electrical problems cause millions of property losses per year according to the U.S. Fire Administration.

Energy - Make sure to check your states for weatherization tax credits, rebates, and discounts for saving energy on your home.

  • Update your type of insulation
    • Insulation is a home’s best defense against energy loss saving hundreds of dollars per year depending on the type.
  • Update your shower heads
    • An efficient Watersense shower head can save approx. $100 a year in a 5 person household.
  • Seal the cracks
    • Around 12% of your home’s energy is wasted through windows and doors. If insulated correctly, the estimated savings can be 5-10% per year.

Appliances

  • Set the fridge between 38-40 degrees
    • Your fridge can account for nearly 15% of your total home energy use so not having the ideal temperature can affect your electricity bill.
  • Dust the fridge and other vents
    • Dirty and dusty coils can force your fridge to work less efficiently.
  • Soften your water
    • Hard water shortens life of water-reliant appliances so savings could be hundreds per year.

*Courtesy of SimpliSafe.com

 


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.