Whether you’re an HGTV enthusiast or only do renovations when something is in dire need of fixing, you’ve probably dabbled with a home improvement project or two. While some home improvement tasks can blast a hole in your budget faster than you can say “expensive,” others can save you bundles of cash by elevating your home’s efficiency and value. Plus, if you take the time to research the latest coupons for stores such as Home Depot on the Raise website, you can reduce the cost of any supplies needed for your home improvement project quickly and easily.
If you’re ready to build yourself a structurally sound savings account, check out these seven home improvement projects that will save you money.
Not only is the installation of a solar energy system an excellent way to show some love to the environment, but opting for solar energy will also save you thousands of dollars a year in energy bills. Solar panels convert sunlight to energy that you can use to power your home, which means that the panels drastically cut down the amount of money solar panel users spend on electricity.
While the upfront investment of solar panels can be significant, the money saved over time is undoubtedly worthwhile. Curious how many solar panels you need for your house, how solar panels work, or how much this environmentally-conscious venture will cost? Check out this helpful guide from Going Solar.
Installing a security system
Since over 80% of burglars examine a home for a security system before deciding to commit a crime on the property, investing in a security system is considered a significant theft deterrent by security specialists. Your security system installation will not only give you and your family peace of mind, but this addition will safeguard your household from the tremendous losses incurred by homeowners victimized by burglaries.
Investing in a quality gutter system
If “clean out the gutters” is a dreaded item on your weekend to-do list, you’re not alone. Still, maintaining proper gutter efficiency is critical to ensuring that you don’t lose thousands of dollars on water damage repairs. Water that leaks into your home and damages any part of the structure is difficult and expensive to clean. A quality gutter system will help to drain water properly and keep it from penetrating your house.
Mounting ceiling fans
If you live in a hot or muggy climate, it’s more than likely that you fork up a significant sum of money to keep your house cool. If you dread ripping open your utility bill each month, fear not. The installation of a large or whole house ceiling fan may be your saving grace. These sizable fans cool the entire residence by pulling air through windows and out through vents, putting your air conditioner out of a job.
Upgrading your laundry room
Although the laundry room may not immediately come to mind as a hot spot for potential disasters, water damage caused by old or faulty laundry equipment is almost as common as it is financially devastating. From a burst hose in a washing machine to an inefficient water heater, you’ll want to avoid a laundry machine mishap. Consider regularly replacing your laundry machine plumbing attachments and laundry-related tools so that you aren’t stuck with an enormous mess and an even larger bill.
Getting smart with your lighting
Energy-efficient lightbulbs and automatically regulating lighting fixtures are no longer a thing of the future. While leaving lights on for too long or in unoccupied rooms can cost you a fortune in electricity bills, smart lights utilize motion sensors and remember to turn themselves off so that you don’t have to.
Weatherstripping and caulking
While many home improvement projects require an upfront financial and time investment, homeowners can execute this quick and easy trick in an hour or less. Maintaining a home’s temperature becomes especially difficult when hot or cold air can pass in and out of the house through openings around your windows and doors. By updating the caulking around your windows, you’ll save hundreds of dollars in utility bills that otherwise may have been wasted.
Luckily, you don’t have to be Bob the Builder to tackle these economically savvy home improvement projects. From installing solar panels to taking advantage of smart technology, these simple renovations will quickly have you stacking savings.