8 Home Fixes and Repairs That Can Help Save You Money in the Long Run
Many homeowners assume they will need to spend an exorbitant amount of money to fund the home improvement projects they wish to complete.
And while the home improvement project you are planning could require you to pay a substantial amount in upfront costs, it is possible your project is one of the many upgrades to your home that can save you money in the long run.
Fixing or replacing an old or damaged roof can become a relatively expensive home repair project. However, it is one that can save you loads of money for years to come.
There are several consequences of a damaged roof that you should be aware of. A damaged roof can result in leakage and exposure of your home to elements that will eventually cause further damage that you will need to repair.
A major benefit of making sure that the shingles on your roof are in good repair and there are no other problems with your roof is the energy savings you will realize on a year-round basis.
A good roof will help to keep your home cool in the summer and help to maintain the warmth inside your home in the winter.
Cracks in your foundation pose a real threat to your home and should be addressed as soon as you are aware of their existence.
Common causes of cracks and other problems with the foundation of a home include elevated levels of moisture in your soil, extreme temperature changes, and the tendency of a foundation to settle into the soil.
The cracks you find in your foundation are more than just a hit to the aesthetic value of your home. These cracks can cost you thousands of dollars in damage and can contribute to other issues.
Cracked foundations could lead to flood and water damage, structural integrity, uneven flooring, inability to open and close doors and windows, damage to pipes, and infestation of insects and pests.
When your faucet continues to leak water when it is not in use, money is literally being poured down the drain.
According to a calculation provided by the U.S. Geological Survey, one minute of leakage on a daily basis can add up to 34 gallons of water in a year.
It is not hard to see how a faucet that is leaking more often can mean a considerable addition to your monthly water bill.
Leaky faucets that are allowed to go unchecked for long periods of time may also overstress the plumbing system in your home and become a root cause for overflows and clogs.
Improving the insulation in your home is a home improvement project that will result in an immediate payback. You will also increase the comfort level for you and your family while lowering the cost to both heating or cooling your home.
The financial benefits of a good insulation job will also be seen in an increase in the amount of money you can demand in the event you wish to sell your home.
If the sale of your home is something you may consider within the next five years, it is probably a good idea to move forward with your insulation project as good insulation can also cause your home to sell quickly.
No Security System
A home security system can be a great deterrent to burglars and other criminals. In fact, 83 percent of burglars admit to checking for the presence of a security system before attempting to gain entry to a home.
A home security system will notify you whenever someone is trying to gain unauthorized entry to your home. If you purchase a monitored system, authorities will also be alerted when an intruder attempts to violate the sanctity of your home.
Once you take into account the average break-in in America results in more than a $2,000 loss of property, a home security system is an insurance policy that is well worth the cost.
Additionally, your home security system may qualify you for a discount on premiums for your actual homeowners’ insurance policy.
Poor Lighting System
Smart lighting selections can include the use of energy-efficient light bulbs like compact fluorescent lamps, light-emitting diodes, and halogen incandescent.
Each of these options will provide energy savings that are not available to users of traditional incandescent light bulbs. Motion sensor lighting is a great way to save on the cost of lights being left on in rooms where no one is present.
The power to these lights will be turned on when the sensors detect someone entering a space and then power off when sensors detect an exit from the room. Your lights can also be automated to turn on and off at certain times of the day.
Dirty or Cluttered Gutters
Water damage can wreak havoc on both the value and function of your home. One way to protect your home against water damage is to make sure your gutters are clean and free of debris.
The simple act of cleaning your gutters two to three times a year will also save you money by eliminating costs to repair worn or damaged gutters. Another problem that can arise when your gutters are not properly maintained is the growth of mold and mildew in your home.
It is also not uncommon for the water that does not properly drain through your gutters to end up in the ground around your foundation and cause cracks and other damage.
Dirty or Worn HVAC Filters
A main job of the filters for your HVAC system is to trap dust particles and other allergens so that you and your family can breathe clean air in your home. After a while, these particles began to accumulate in the filter and reduce their work efficiency.
Home improvements and repairs can cost you considerably in both time and money. However, some of these improvements will more than pay for themselves with the money-savings they provide over the years.
The eight home repair projects above are excellent examples of projects that will provide monetary value to you as a homeowner many years after they are completed.
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