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3 improvement projects that can reduce operating costs, boost value

Posted by:  Chip Poli
2014-03-03 15:15:15

Although there are innumerable financial advantages to owning a home, there are also a substantial number of expenses that individuals are regularly tasked with covering. For this reason, many Northeastern homeowners look to make effective updates to their properties in hopes of reducing the amount of money they routinely have to pay utility companies. In completing such enhancements, people typically see their savings appreciate, as well as their home's potential resale value, as those currently looking to purchase a house are largely interested in such modern upgrades. 

If you're hoping to undertake a home improvement project in an effort to cut your monthly operating costs and possibly seeing your home's value appreciate, the following three could largely be to your benefit:

1 - Seal up cracks in old windows
Due to the region's rich history, many of the residential properties found along the East Coast were built a long time ago, and therefore, boast decades-old features that may not be very efficient. Chief among these are windows that often allow too much air to enter and escape the residence, according to This Old House. Contemporary window fixtures contain a significant amount of insulation and are more durable, effectively keeping the home the proper temperature and reducing the amount of energy needed to keep inhabitants comfortable.

This type of update can benefit you year-round. During wintertime, properly sealed windows can help to keep warm air inside and cold temperatures out. In the summer, they are successful at retaining cool, conditioned air - and keeping the blistering heat outside. This can help you to save money, as you won't have to pay as much in monthly energy costs to keep your home at the optimal temperature.

2 - Increase insulation in walls, ceilings
In addition to leaky windows, outside air can enter your home if the structure's walls don't boast adequate insulation. Accordingly, if you find yourself constantly fiddling with the thermostat, it is a good idea to take steps toward increasing the amount found in between the house's exterior and interior drywall. Depending on the severity and scope of the project, you might want to enlist the assistance of a construction professional, but in some cases, it is an easy project for individuals to complete by themselves. 

Similar to replacing old windows, this enhancement also enables homeowners to pay less for utilities. However, there is another advantage - increasing insulation can help to keep outdoor noise outside. This could be an especially valuable project if you live in an area with heavy pedestrian or automobile traffic. 

3 - Install energy-efficient appliances
Another great way to cut your monthly expenses as a homeowner is to have cutting-edge energy-efficient appliances installed. These may have a sizable initial cost, but can pay for themselves over time. Additionally, they can serve to attract a myriad of potential buyers should you ever choose to list you house, as modern-day prospective homeowners are very interested in utilizing green technology and having low operating costs. For instance, the latest energy-efficient refrigerator uses less than half the power than models that are at least 12 years old according to the National Resources Defense Council. 

Interested in making any of these updates to your current home? Poli Mortgage Group is here to help you do just that. The trusted firm has grown into a regional authority in residential lending during the past 13 years, largely due to its ability to secure borrowers incredibly low rates that can be put toward affordable mortgages, and the high quality customer service its Loan Officers routinely provide. To research available rates or learn more about the offered products and services, call 866-353-7654 today.

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