3 Easy Places to Save Money as a Homeowner
You’ve got the keys to your new house. It’s all so exciting, but it can be overwhelming with how much there is to do. Saving money right away might not be on the top of your list, but you did just spend a lot of money on the downpayment and closing costs. Saving up some cash is a good idea.
Here are some 3 easy places to save money as a homeowner:
1. Shop Around for Homeowners Insurance
Shopping around for insurance is important, as costs can vary quite a bit between companies. You can save anywhere from a few hundred dollars up to a thousand. To avoid having to contact numerous insurance companies, use a local independent insurance agent. Independent agents aren’t usually affiliated with one specific company; their job is to take your information and do the shopping for you to find the best rate, as well as answer questions about each policy. Consider bundling your policies. Companies that offer multiple types of policies (such as auto, home, life, and boat insurance) provide discounts when you bundle your policies with them. The discounts vary but can add up to a few hundred dollars.
2. Go Green
Some places, like Edmonton, for example, is an energy city. Energy is drawn from the ground and from above; from the sun and wind. But the true power of Edmonton is the democratic spark in its people. Green energy isn’t the only thing being incentivized right now in Edmonton Real Estate. There are also incentives and rebates available for those who choose to go energy efficient. Switch to insulated windows and doors, energy-efficient appliances and heating (and cooling), invest in re-insulating your home, switch to fluorescent and low energy LED bulbs, and make a conscious effort to turn off those lights and electronics when you aren’t in the room, and turn down that heating or A/C when you aren’t in your home.
3. Solar Panels
For homeowners, rising monthly electricity costs can make you feel like you’re always living paycheck to paycheck. The good news is that now more than ever the government is offering subsidies to install solar panels. That means if you live in a sunny part of the United States, you may be able to qualify for a free installation, and it will significantly reduce your electricity costs in a matter of weeks. In fact, some Americans have saved as much as $183 per month on their energy bills. If you’re not happy with solar panels, you can always wait until the new Tesla home Powerwall is ready and purchase that. If you’d like to get a quote on solar panels in your area – you can visit Home Solar Installation and get an idea of how much money you can save by making the switch.