Is Your Home Wasting Your Money?

by - January 12, 2018

Owning a home is a huge financial commitment. You have to spend ages saving up for a deposit and, once you are able to afford a home and have a big enough down payment, you will then need to find yourself a hefty mortgage. But that’s not where your home ends being a drain on your finances, unfortunately.

In fact, there are some ways a home could be draining a homeowner’s bank balance without them even realizing it. Think that might be you? Read on to find out more!

Faulty Systems

Unfortunately, all of the systems in a home, such as heating and air conditioning, don’t last forever. Generally speaking, they are at their best for around five years. After this time, they can start to underperform and suffer from numerous faults. Once they start to get faulty or become less efficient, you might notice a rise in your utility bills. So, it’s worth taking a look at a HVAC service and thinking about hiring an expert to come and check out any of your old systems. They’ll be able to service your heating and air conditioning systems to iron out any issues and make them a lot more efficient.

Poor Insulation

Something else that could be increasing your energy bills without you realizing it is poor insulation in your property. If a home doesn’t have any insulation or is only insulated with old materials that have been in place for a number of years, then your property won’t be retaining any heat as well as it should. And that means that you will have to leave your heating on for longer and at a high temperature to keep your rooms comfortable.

Damp & Mold

If your home isn’t as warm as it should be, this will increase the chance of damp and mold developing. These can be very costly to remove from your walls and, if they are left untreated for a significant period of time, you will find that they might even cause some structural damage to your home which will be very expensive to fix indeed! It’s easy to prevent damp and mold in the first place. You need to air out your home well and ensure there isn’t too much moisture in the air. You can reduce moisture by using a dehumidifier and installing extractor fans into your kitchen and bathrooms.

Empty Spare Rooms

Do you have some spare rooms that are rarely being used? If so, you should consider turning off the heating in them and shutting the door to them. By doing so, you won’t be wasting any money heating up these unused rooms. It’s also a good idea to use them for storage when you don’t have guests over. If you fill them with furniture and other large, bulky items, they will act as insulation for the whole home.

Hopefully, this blog post will help you figure out whether or not your home is being too much of a drain on your bank account!

As always don't forget to share and subscribe! Until next time thanks for reading!

R.C. Willey
R.C. Willey

You May Also Like