It’s almost time to start planning your New Years Resolutions!
No – I don’t mean where you say you’ll lose weight, stop smoking or any of those other silly things you say on New Uears Eve. I’m talking about things you should do for your home. These ideas will save you money in the long run.
1- Refinance. Rates are still historically low. I’m seeing conventional loans for 3.25% and FHA 30 year loans as low as 2.75%. If you plan on staying where you are for a few years, and your rate is 4% or more, it may be worthwhile to refinance. Speak with a mortgage broker to get the numbers and make your decision.
2- Speaking of financing, if you have credit card debt or car loans, it may be beneficial for you to take a low interest HELOC (Home Equity Line of Credit) and pay off those high interest credit cards.
3 – Here’s a no brainer for you. Change your furnace filters. Purchase a dozen filters, then get in the habit of changing them on the first of each month. Your furnace won’t need to work as hard, which uses less energy. As a bonus, your furnace will probably last longer.
4- Seal those air leaks in your home. On a windy day, light a candle. Move it around to find air blowing into the house. Check around doors and windows. You may need to caulk or add weatherstripping. Check the outlets and switches on exterior walls. Gaskets to seal them are available.
5- Lighting. Do you still have incandescent bulbs in the light fixtures? Changing to compact flourescent bulbs, or even better, LED bulbs will save you tons in energy costs.
6- Old appliances. Are you using your old refrigerator to keep the beer cold? In my area the gas company will pay e for an old refrigerator or freezer. A new on uses much less energy. You may be able to upgrade and save energy over the long run.
7 SHop your insurance policy. Jst because you’ve always been with the same company, and they gave you a great rate when you first purchase the policy, doesn’t mean it’s the best for you now. Make a few calls to find out