3 Tips for Saving Money in Your New House

3 Tips for Saving Money in Your New House

There are a lot of factors to consider when it comes time to buy a house. Location, size of the house, school district, and price are considerations that need to be kept in mind when house-hunting. And there are also less obvious aspects to consider — like the 34% of recent homebuyers who were looking to avoid having to do renovations or deal with plumbing or electrical problems, according to the National Association of Realtors. But there’s one thing that all homeowners look for: ways to save money. So if you’re looking for a few simple ways to save money in your new home, keep reading.

Be Smart in the Kitchen

One of the easiest places in a home to save money is in the kitchen. Not only is the kitchen where families spend most of their time, but it’s also where the most energy is used. So by making a few simple changes around the kitchen, homeowners can actually save quite a bit of cash. First, it can be beneficial to stop buying things like bottled water. Not only are plastic bottles bad for the environment, but buying bottled water every week can be expensive. Instead, invest in a water filter to enjoy clean water without the high price tag. Next, be mindful of your cooking habits. This can be something as simple as using the right cookware — choosing pots and pans with flat bottoms that fit the burner size can help reduce energy waste. Or you can even use something like a hot plate, which has temperatures that can vary from 100 to 750 degrees Celsius. And utilizing cookware like crockpots or slow cookers can help families eat at home more often — instead of eating out because you didn’t have time to cook, throw something in the crockpot in the morning and come home to a meal that’s ready to eat. All in all, making a few simple changes around the kitchen can go a long way when it comes to saving money.

Make Repairs Quickly

While making repairs may be kind of expensive upfront, you’ll actually end up saving more money in the long run. Even problems that seem pretty small can cost you big time if they’re not fixed in a timely manner. For example, a simple water leak in your house can waste about 900 billion gallons of water each year — so not only are you wasting water and money, but you’re risking damages to your home that will cost more to fix. So when you notice a problem around your house, be mindful and fix it sooner rather than later. Also, it’s important to remember that small problems can lead to bigger problems, which can result in serious damage to your home. So if you don’t want to be like the 5.3% of homeowners who filed an insurance claim in 2016, according to ISO, make sure your home stays in tip-top shape. Additionally, if you have drafty windows and doors, make sure to seal them up. Drafts can let out cooled or heated air, forcing your HVAC system to work harder to replace the air. So by sealing drafts, you can save money on heating and cooling costs. With all of this in mind, remember that making the initiative to make repairs and improve your home can help reduce expenses down the line.

DIY Whatever You Can

If you need to buy something new or need to make repairs around the house, do whatever you can by yourself. Store-bought items are generally more expensive than products you can make at home. For example, cleaners and laundry detergent can be made with a few simple ingredients, can be made in bulk, and can cost a lot less than store-bought options. And these products are generally better for the environment and for your family because they don’t contain harsh chemicals, which is an added bonus. Of if you are going to buy products, buy whatever you can in bulk to save serious money. And when it comes to doing stuff around the house, if you can do it safely yourself, don’t hire a professional. Tasks like cleaning the gutters, making simple repairs, and basic plumbing work can all be done without hired help. So if you’re looking for an easy way to save money at home, start by doing whatever you can by yourself.

Saving money is important to many homeowners, especially those with children or expensive bills. So keep these tips in mind and hopefully, you can save some money along the way.

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