Roughly 80 million Americans own a home. Home ownership offers great stability for a family and gives owners the opportunity to build home equity. Many people treat their home as an asset. Your home probably doesn’t feel like an asset if it’s making you lose money, though. If you think your home is costing more than it should, we can help. Keep reading to learn about four ways your home is losing you money and how you can fix it.
1. Insufficient Shade
Many homeowners enjoy working in their yards, but they’re not landscaping experts. That means you may not know how much shade your home is getting and how much that shade is saving or costing you. On the next sunny day in your area, go outside and study how much shade your home gets. A few properly placed trees around you home could save you up to 30 percent on air conditioning costs. And if you already have trees, or can’t plant any, then consider shading your outdoor areas and windows instead. Reflective awnings, curtains, or shades can save you up to 45 percent on your energy costs.
2. Improper Plumbing
Houses need proper plumbing in order to function and keep you comfortable. You may think your house has the proper plumbing because you’re comfortable and everything functions. But if you’re experiencing small problems like a running toilet or a leaky water hose faucet, then your water bill will be more expensive than it should be. Check everything in your house that uses water to make sure it’s functioning properly. If possible, take advantage of options that will help you save additional water too, like apps that check water usage and showerheads that use less water.
3. Unnecessary Energy
Even if you are the most eco-friendly person you know, you must eventually use energy in your home, whether it’s charging your computer as you work from home or baking a birthday cake. But if your home is using energy when it’s not necessary, then you’re spending more money than you need to, and hurting the environment by demanding more fossil fuels. Make a habit of turning off lights and unplugging electronic devices when you don’t need them. Switch out lightbulbs for newer energy-saving options like LEDs. Upgrade to appliances that use natural gas and are energy efficient.
4. Poor Insulation
The money-losing part of a home is poor insulation. Insulation should cover your entire house and keep you comfortable, but if it wasn’t properly installed or needs to be replaced, then it’s costing you tons of extra money. You can do a quick inspection of the insulation in your attic by yourself, but it’s best to call a professional who can use better equipment to examine the insulation all over your home and tell you how to fix it.
Insufficient shade, improper plumbing, unnecessary energy, and poor insulation are the four ways your home is losing you money. A professional home energy audit can help you examine and fix all these costly problems. If you’re looking for an energy service company in Madison and Rockford that can perform a home energy audit and help you save money, Greenlink Energy Solutions is available and happy to help.