10 Money Saving Tips for New Homeowners

19 Oct

Congratulations, you’ve purchased a new home!  This is a very exciting time in your life. Being a homeowner is one of the best financial decisions you will make for growing your personal wealth.  Lets keep it that way with these money-saving tips below.


piggy bank on wooden floor


1. Install a Programmable Thermostat
You simply set your thermostat to be more energy efficient. For example, in the summer, you will want to have your thermostat set higher while you are away & have the air set to kick on around or a little before you are scheduled to arrive back home. The same goes for the cooler months, just vice versa. This can be adjusted at any time. It is a terrific and inexpensive way to save on energy bills.
2. Install ceiling fans
Ceiling fans keep air moving throughout your home. Because of this, in the summer months, you can keep your thermostat a few degrees higher, thus saving money.
3. Insulate your pipes
Virginia winters can get very cold. Be proactive & have your home winterized by a professional plumber. During this, request to have your pipes insulated. This will help prevent them from freezing & potentially bursting causing significant water damage & costly repairs.
4. Plant trees
Shade trees can help cool your home during the summer months, thus reducing the amount of sun that gets in heating up your home & causing your air conditioner to overwork.
5. Check toilets & sinks for leaks
A small leak is costing you money every day. Fix them as soon as you can.
6. Check for drafty windows & doors
Make sure the seals are sealed tightly to avoid drafts blowing through & potentially increasing your energy bill.
7. Replace air filters
Clogged air filters will decrease the air flow in your home. This causes your furnace and/or AC unit to work harder. This could cause costly repairs down the road. Air filters are very inexpensive & can be found at most home-improvement stores.
8. Replace regular light bulbs with LED
They are a little more expensive up front, but they last longer & use far less energy.  The investment is well worth it.
9. Choose energy-efficient appliances
Look for the energy star when purchasing new appliances. You will be glad you did!
10. Have spare keys made
This is oftentimes overlooked.  Make sure spare keys are handy. Hiring a locksmith can run  you $30-90 per visit. Having a key made runs around $2.00
In the market to Sell or Buy?  Questions on real estate?

Contact me: MLZ LUXURY SERVICES, Real Estate


Proudly serving VA & WV
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“Destination, Home!”

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