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"Real" Real Estate

Blog by Matt Thomas
Athens, Georgia

Hosted by Matt Thomas of Atlas Real Estate Adivsors, this site gives readers an inside look into the exciting world of real estate. Please feel free to comment on any of the posts - we encourage your participation in the discussion! And, please signup at the bottom of the page to receive email notification updates from our site.

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Reduce Your Energy Bills ...

Jan. 29, 2008

If you're like me, the last thing you want to do when you get home in the evening or on a weekend afternoon is work around your house ... you consider your home a peaceful place to find some rest and get away from work, right?


Well, what if I told you a few simple chores around the house could save you big bucks on your monthly bills? Here's five maintenance tasks that will positively impact your utility budget:

  1. Replace Old Appliances - If you're using a fridge or any other major appliance that's over 12 years old, there's a very good chance that a much more energy-efficient model is on the market. While the initial investment may seem high, you can reduce your annual bills by $50-150 per machine by replacing.
  2. Patch Ductwork - No matter how new and efficient your heating/cooling unit is, if your ductwork is leaky, you're wasting money. To check for leaks, simply run your hands along all ducts outisde your "living space" ... in the attic, outdoors, etc ... while your system is running. If you feel air leaking out, patch it with a duct mastic (can be bought at HomeDepot or Lowes). Caution: Duct tape may seem like the easy fix here, but it almost always comes loose.
  3. Upgrade Your Heating/Cooling Unit - Again, not a cheap fix. But, if you're system is 20+ years old, investing in a new one will pay for itself in approximately 5 years, just from monthly savings on your bills alone. If replacing the unit isn't within the budget right now, at least keep the filters changed every 3 months at a minimum - this will help keep your older system operating at it's peak.
  4. "Seal" Your Home - small gaps & cracks in your home can allow 1/3 of the heat/air produced by your system to escape! Look in your attic for gaps around pipes & wiring that come through the floor. Use expanding-foam spray here. Check inside around wall outlets - if you feel drafts ... turn off power, remove covers, and use paintable caulk to seal gaps between electrical box & wallboard. Caulk cracks around all window trim. And, install weatherstripping around and between sashes.
  5. Add Insulation - In the attic & in the basement ... anywhere you have insulation ... you can probably benefit from adding more. Rolls or spray-in insulation are okay for attic, and in the basement, use a polyurethane foam where the wood walls meet the masonry foundation. You can save 5 to 25% on your bills here, depending on the amount of insulation you already have installed.

From a real estate prospective, you should be aware that when the time comes to sell, buyers will want to know the average monthly utilities. In this competitive market, the difference between a $100 and $200 monthly power bill may be the deciding factor for a buyer. And, even if you aren't planning on moving anytime soon, the monthly savings generated by the above upgrades will payoff in the long-run.

 

User Comments

1. RE: Reduce Your Energy Bills ...

Written by: William Shultz
Feb. 1, 2008
Fyi   I have heard many contractors say replacing your old furnace or boiler can pay for itself in 5 yrs.  I have run the numbers and it doesn't work.  Ask the manufacturers themselves what their max possible efficiency ratings are.  Many companies will even help you calculate your savings.  Their prospective is if they can show you the savings maybe you will buy.  My perspective is simple,  I just want the facts.  I can then choose if it make sense to me.  The point is a 15% efficiency difference doesn't add up to that much money when you consider the cost of a high efficiency system can run 6k min. and likely run closer to 10K.  Hope that I don't sound arrogant.

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