There are many reasons to upgrade a home including increasing the property value, adding convenient features and making the house more functional. Something that many people do not realize is that some upgrades can help to save money that can be put towards the mortgage. Five home upgrades will help to make more money available for monthly mortgage payments.
Switch to Low-Flow Fixtures
Water bills absorb money that could be spent on a mortgage every month. Homeowners will want to switch faucets, showerheads and toilets to low-flow fixtures. These fixtures use aerators and other mechanisms to reduce water usage and water bills without affecting performance.
Install a Tankless Water Heater
Traditional water heaters with a tank consume a large amount of water and electricity. A tankless water heater is 25 to 35 percent more efficient. Tankless units heat water immediately as needed. They are a good option for small to medium homes. Tankless heaters are easy to install and will make more money available to pay the mortgage.
Replace Outdated Appliances
Aging or outdated appliances should be replaced throughout the home. This includes washers, refrigerators and ovens. Older appliances are very wasteful and can significantly raise energy bills. Homeowners who are veterans can go to sites like LowVARates.com to get home improvement loans that will help to pay for a new set of modern appliances. The money saved on energy can be put into the mortgage.
Add a Home Automation System
A home automation system allows lights, appliances and thermostats to be programmed or controlled through a mobile device. Some include occupancy sensors that automatically turn lights on or off. Home automation systems can dramatically reduce the cost of heating and cooling, lighting and other features in the home. This means lower energy bills.
Damaged or old windows can increase heating, cooling and electricity costs every month. A good upgrade is to replace all the windows in a home with new models that include energy-efficient panes, insulation and coatings. Programs through companies like Low VA Rates can provide affordable loans to veterans who want to make a house more energy-efficient. New windows will reduce energy costs every month of the year so it becomes easier to pay down the mortgage.
Homeowners should make sure to understand exactly how to use any new upgrades installed in the home. Using new appliances or automation systems incorrectly could actually increase costs over time. Learning about how the new upgrades work will save the most money possible each month.
This is a guest post written by Meghan. Meghan is a freelance writer, blogger and researcher from Oklahoma.
She enjoys being in the outdoors and exploring new opportunities
whenever they arise as well as researching new topics to expand her
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