Money Saving Tips for New Home Owners

Money Saving Tips for New Home Owners

Money Saving Tips for New Home Owners

Written by Holly

February 3, 2020

After putting all your time, effort, and hard-earned money into a new home purchase, you might be tired of putting money into savings. Enchanted Construction Service can help you put more money in your pocket from the moment you become a new homeowner. We have years of experience with home construction and finding ways to meet the budget needs of our clients. As you settle into your house, try these easy, money-saving tips to fatten your wallet.

Shut Out the Sun- Constant sunlight can increase your electrical costs during the summer. Close blinds and curtains during warmer months to lower your air conditioning usage.

Include Landscape Features- Specially placed trees and shrubs can help shade your home during the summer and insulate it during the winter. These landscape features also help keep out intruders and provide extra privacy for your home.

Lower Water Heater Temperature- By simply lowering the temperature on your water heater to around 120 degrees, you can save money and keep your family safe. Any temperature higher than 120 could scald your loved ones and drastically increases your electric bill.

Insulate Your Water Heater- Purchase a water heater blanket to further insulate your water heater. While many modern water heaters have great insulation, the extra layer from the blanket will help lower heating costs and water bills by keeping your water hot longer.

Regularly Clean Air Vents- Even with a new home purchase, you should regularly clean air vents. Keeping your air vents free and clear of dust bunnies and obstructions increases air flow. Obstructions of any kind will make your systems work harder and could increase your chance of getting sick. You’ll save a ton of money if you schedule regular air vent cleanings.  

Regularly Replace Filters- Check your air filters once a month to see how quickly they are acquiring dust. For most homeowners, changing the air filter once every three months is enough. If you have allergies or asthma, you might need to change it more often. Replacing air filters will help your systems work more effectively and make your home healthier.

Consider Adding Ceiling Fans- During winter, have fans go in a clockwise direction. They will help keep your home warmer by recirculating the warm air. During summer, switch the fans to a counter-clockwise motion to push cool air back down on you and your guests. Using ceiling fans properly will help you lower heating and cooling costs.

Use a Programmable or Smart Thermostat- Instead of using old-fashioned temperature control that stays at a certain level, invest in high tech thermostats. Smart thermostats can be regulated remotely from your home. You can also program the thermostat to lower usage during the day and increase it just before you get home. You’ll save money on electrical bills by reducing your heating and cooling usage.

Use CFL or LED Bulbs– Using energy efficient light bulbs, like CFLs or LEDs, throughout the house can greatly lower your electrical bill. While these light bulbs cost more initially, they last a lot longer and use less power, so you’ll spend a lot less money over time.

Look for Tax Breaks- If you have any new energy efficient appliances or products in your home, you should research tax credits. Many energy efficient features will bring you cash back from tax credits and deductions.  

Simple money-saving steps can safeguard your new home purchase from damage and decay. You’ll save money each month and even more over time through lower maintenance costs. The team at Enchanted Construction Service in Greenville and Spartanburg, SC understand how special being a new homeowner is to many people. We are here to guide you through the development process and help you keep your home looking brand new for years to come. Come by our offices or contact us online for more ways to save money while you enjoy your new house.

Coins in jar with house label

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