10 Things a New Homeowner Should Do Immediately to Save Money

Purchasing a home is one of the most exciting things that a person may do during their life time, as it represents establishing a foundation for life. However, buying a house is no cheap endeavor, so here are some things that new home owners should do immediately, which should take some burden off the wallet.

Check the Insulation
A large amount of homes do not have adequate insulation in their attics, which can lead to increased costs for heating and cooling the home. Adding insulation if the home does not have enough will save money in the long run, and a lot of areas even have major discounts to encourage home owners to take this step.

Adjust Hot Water Temperature
Lowering your hot water temperature to 120 degrees Fahrenheit will save you money on energy costs, as this is the ideal temperature.

Install Ceiling Fans
There are a lot of days where turning fans on, rather than having the air conditioning going is a better idea. Ceiling fans not only circulate air, but can make moderately hot days comfortable inside without having to spend money on cooling.

Insulate Water Pipes
Wrapping your hot water pipes with insulation will absolutely save on energy costs, as the pipes do not have to fight against the outside conditions. This is especially true if the pipes are in a basement or are outside and exposed to very low temperatures.

Replace Your Air Filter
Most of the time when a person buys a home, they will have to change out the air filter, which is very simple to do. Having a new and clean air filter will allow your HVAC unit to run more smoothly and thus, use less energy.

Check Cracks in the Basement
If you have cracks in your basement floor, mark them with a date and periodically check on them. If there are small cracks that don’t get larger, you are probably okay, but if they are growing, it is essential to address the problem right away.

Check Plumbing for Leaks
Small leaks in the plumbing can not only increase water costs, but drastically increase the chance of mold and mildew, which can cost huge amounts of money to fix.

Using CFL and LED, rather than incandescent lighting will dramatically cut down on the costs to light your home.

Install Energy Efficient Appliances
While this may cost more in the beginning, you are going to have lower costs each month, which can really add up in the long run.

Plant Trees Near Home
Trees provide a ton of shade and will cool your home down, by preventing direct sunlight to beat down on the home, which will require less cooling during the hotter months.

Carpets Cleaned
Having your Carpets Cleaned by a professional on a regular basis will help ensure they last longer.