It’s worth taking the time to evaluate the ways in which your home can save you money; this can be achieved through a number of different ways, from getting better insulation to improve your energy bills, to going green to make your property more sustainable for the future. You can also invest against the value of your home by refinancing and remortgaging, with the ultimate goal of enhancing and benefiting from the work you put into a house.
1 – Better Insulation
Check windows and doors for draughts, and invest in treatments and draught excluders to prevent heat from being needlessly lost. Similarly, consider installing new blinds for windows to reflect UV rays and trap heat – this can help you to save money on your heating bills.
2 – Renovations
Small and large renovations will add your value to your home for future sales, and will also make it more efficient to live in – convert attics and basements into spare rooms to boost value, and make basic repairs and updates to key rooms to keep your property in a fresh condition.
3 – Gardens
Make use of any garden you might have to grow vegetables for the kitchen, or simply grow herbs and other ingredients that can be used in your cooking. You don’t necessarily need a lot of space, but what you do have should be made use of.
4 – Going Green
This approach can mean anything from taking out an energy audit on your home to see where you’re losing money, and what you can do to improve it, as well as making some basic changes – this might involve getting new, energy saving light bulbs, as well as investing in Energy Star rated appliances for your kitchen.
5 – Refinancing
You can make savings on the value of your home by getting a new mortgage that gives you a better rate; lower interest rates can also be taken advantage of through remortgaging with another provider.
6 – Making Small Changes to Your Household Routine
One way of making your house work for you is to adjust your daily routine in small ways – try not to overfill the kettle, switch appliances off at night, and use less water in the shower and the sink. Together, these changes can add up to greater overall savings throughout the year.
7 – Selling Old Items
If you have a lot of clutter, try to make a profit from it by selling old books and DVDs online or through car boot sales; you can also exchange old electronic equipment for cash, and can sell mobile phones to recycling companies.
8 – Change Your Energy Provider
It can be possible to save money on your energy usage by comparing quotes from different providers; you might be able to take advantage of new deals for the New Year, as well as suppliers that are specific to your local area.
9 – Installing Solar Panels
Although the upfront costs of solar panels are high, you can gradually recoup your investment through savings on your electricity, as well as through government feed-in tariffs that pay you for the energy you produce for the National Grid.
10 – Making Repairs
Keep up to date with DIY around the house by making small fixes – caulk sinks and baths to avoid leaks, and fix faucets to prevent water loss; lights and wiring should also be regularly checked, and exterminators called in immediately if you have any mice or other pests.
Hugh Tyzack is founder and Managing Director of GBP Loans, which was formed in 2008. GBP Loans specialises in no fee Guarantor Loans for people with bad credit. GBP Loans has been a driving force in trying to eradicate bogus fee charging and is now one of the UK’s biggest providers. Hugh enjoys listening to music and playing the piano. Follow Hugh on Twitter @GBPLoans and also on Google+. Click here for more about GBP Loans.