5 Money Saving Home Improvement Projects

5 Money Saving Home Improvement Projects

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By Nick Williams

Homeowners know that when it comes to home improvement, deciding to invest in one project may come at the cost of not doing another one. Sometimes it is difficult to decide what job should be the priority; you have to put together the pros and cons of each which can result in household conflict.

In almost every home improvement case the updates can be broken into two groups. The first group relates to jobs which are solely planned for your own benefit, you aren’t concerned about the return on investment (ROI). The second home improvement group includes projects which you are considering because of the long-term benefits to house value; by installing this or knocking through that I will have added an extra XY to my home’s value.

In fact there is probably a bit of each group in every home improvement decision made, just to varying degrees. Mostly everyone likes to know that the project they have invested in has added value. Below we have outlined 5 home improvement projects which will actually save you money in the long run.

1. Insulate your roof

We all know that heat rises, and without good insulation that heat escapes as fast as it can. It been estimated that 25 percent of your home’s heat is lost through the roof. Insulating your apartment or loft not only reduces the amount of heat lost, but also means that less energy needs to be used to heat the same space. There are generally two types of insulation used in the loft a thinner and thicker variation, using the thicker (270mm) could save you about £230 (US$370) per year.

2. Install a tankless water heater

Tankless water heaters use on average between 30 to 50 percent less energy than units with tanks, which could add up to around $100 (£62) a year for an average household. Yes they typically cost more than your average tank heater to purchase. But assuming you find a trustworthy installer and a competitive quote; the difference in initial outlay doesn’t compare to the potential future savings. Add to this tax credits granted for energy efficiency products and your savings deepen.

3. Think rugs

For those of you considering a new carpet or replacing that ageing stained oak, why not invest in a rug instead? Rugs tend to be extremely good value compared to installing a totally new floor or carpet and through tactical use can extend the life of existing flooring. There are so many rug distributors and styles around now that there is really something for everyone.

4. Replace your door

Some homeowners like to update their front/back doors and windows every once in a while. However, windows and doors are responsible for 10 percent of your home’s heat loss – a figure not to be dismissed. The amount of heat a door can retain is measured by U values (the measure of heat loss through a structure). Very geeky I know, but the difference made to heating/cooling bills over a long period of time by installing low U value products is huge.

5. Install automated security lights

So many of us end up leaving exterior lights on for prolonged amounts of time out of habit, worry or perhaps laziness. By installing motion sensors or putting lights on timers you will dramatically reduce the amount of time the lights remain on. In-turn lowering your energy bills by a noticeable amount.

Author Information

Nick Williams is a writer in association with The Rug House. The Rug House has a large range of high quality rugs for sale including large rugs and washable rugs across the UK and Ireland.

Further Information

U.S. Department of Energy — Energy Savers

Energy Saving and Generation (U.K.)

Sustainable Energy Authority of Ireland

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Categories: Home Improvement