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Energy efficiency can increase your home’s value

Different homes, different possibilities

Depending on the type of home you own, there can be different challenges to overcome and different ways in which you can increase your home’s value and improve energy efficiency. It’s always good to know what people look for in homes of different ages, so you’d stay ahead of the curve and know what to pay attention to. Energy efficiently is just one piece of the puzzle, albeit a significant one.

 

If you are looking for energy efficiency upgrades for your home, congratulations on a smart and responsible decision. You’ll definitely benefit from it, as it will lower your energy bills, saving you money in the long run. Energy efficiency will eventually increase your home’s value – significantly. Besides that, you are doing something good for nature and the environment.

We kept track of real estate market updates in 2020, and the market continued to thrive despite Covid-19. People are still looking to buy, sell, and, most of all, improve their homes. This article will try to explain how exactly energy efficiency can increase your home’s value and improve your quality of life.

Small things add up

Making your home energy efficient doesn’t have to be a massive project and cost an arm and a leg. While some home improvements can be costly, some of them are really affordable. Here are some inexpensive ideas that will help your home be energy efficient:

  • LED light bulbs: Replacing your regular Eddison/Halogen bulbs with LED ones will reduce the amount of electricity used by orders of magnitude. At just a couple of dollars per bulb, it doesn’t cost much to swap out all the bulbs in your home. Sure, a single bulb doesn’t use much energy, but all of them combined do make a ding in the electricity bill.
  • Smart plugs: Having the possibility to remotely control all your appliances from your phone, as well as track the energy consumption of each one, makes people more aware of their power consumption habits, and more likely to improve them. This is a small investment overall, but a big step in the right direction.
  • Smart lighting: Why worry about turning lights on and off (and forgetting to do so) when you can have bulbs activate via motion sensors when needed, and turn off automatically when not. Using smart lighting is useful for reducing electricity use and is also an attractive feature to prospective buyers.

 

Best bang for your buck

Today, most homeowners would be willing to spend a few extra bucks if it meant improving their home’s energy efficiency and, consequently, market price. Most homeowners also don’t want to pay more than necessary for it. Here are a couple of ways to make the most value per cost:

  • Smart heating: Installing a smart thermostat that controls your heating (and even cooling, if possible) is one of the most straightforward ways to reduce spending and increase value. Not only would your home learn your routines and adapt the temperature to them, but it also requires very little input once set up, and saves tons of power in the long run.
  • New appliances: Replacing your old appliances with new ones serves a dual purpose. First, you get that new look and feel, with all the bells and whistles, all the modern features, and the quality of life improvements they bring. Second, modern-day appliances are made to be much more energy-efficient, requiring much less power to run, and saving money down the line. Both of these are excellent selling points, and precisely what buyers are looking for.

Big investments, a big payoff

If you’re looking for the best energy efficiency, big gains in terms of value, a truly “green home” and even complete independence from the grid, here’s what to consider:

  • Solar panels: You can’t talk “green” without mentioning solar. With tax breaks for clean energy and consistently decreasing solar panel prices, installing them is becoming a more realistic and more affordable option in which energy efficiency can increase your home’s value.
  • Large home battery: A big battery for your home, like Tesla Powerwall or Panasonic EverVolt, can store energy, either from solar or from the grid, and then use it to power your home at precisely the best time. This means you don’t need to fear power outages, the electricity bills get cheaper, and your solar panels become an even smarter investment.
  • Insulation: Conserving your home’s temperature is just as important as how much it costs to warm it up and cool it down. Even the most efficient heating and AC solutions will still consume a lot of power if they’re always running. So, consider upgrading your home’s insulation. For example, windows with dual or triple glass panels are a great way to preserve the temperature. Thermal insulation for the walls – whether by open-cell spray foam, fiberglass, or cellulose – is the best way to ensure that your home remains cool in the summer and warm during winter.

Different homes, different possibilities

Depending on the type of home you own, there can be different challenges to overcome and different ways in which you can increase your home’s value and improve energy efficiency. It’s always good to know what people look for in homes of different ages, so you’d stay ahead of the curve and know what to pay attention to. Energy efficiently is just one piece of the puzzle, albeit a significant one.

Eco-friendly relocation options

If you are fortunate enough to sell your energy-efficient home for the desired price, and you’re relocating, don’t worry – you can choose an eco-friendly option. Green moving is a relatively new trend but many moving companies are starting to promote it as an economical and smart solution. Use green packing materials and get rid of all the unnecessary stuff that clutters your space and your life. The moving company will explain all about their green vehicles and everything else you need to know.

Organize well and plan your relocation methodically, and everything will go smoothly. A strategic moving plan will help you stay focused on essential things and not go over your planned budget.

Improving your home is improving your life

While energy efficiency can increase your home’s value in many ways, think carefully, and decide which updates will make the most sense in your case.

When your home is improved with energy-efficient solutions, it will be easier to live in, easier to enjoy it, and easier to sell it – depending on what your priorities are

Author bio:

 

James Atkinson is an investigating journalist with a primary focus and interest in ecology, renewable energy, and “green” ways of living. He travels a lot, visiting many conferences and following the representations of the newest technical solutions, and writes his own blog.

 

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