REAL ESTATE

3 Ways Your Home Could be Leaking Money

3-ways-your-home-could-be-leaking-money

Creating an efficient home for yourself and your family to live in won’t just help you to be more eco-friendly, it can also knock a fair amount of money off of your utility bills. People usually look for the easy tasks to begin with like turning the thermostat down 1 degree or putting the heating on for an hour less. However, there are some more substantial changes you could make which will help you to see real differences. 

#1 Windows and Doors

One of the most common areas people seem to neglect when they are looking for ways to save money off their utility bills is around the doors and windows. These places can cost you hundreds every year if they are not looked after and maintained properly. 

Gaps around doors and windows let the cold air in and the warm air out. You don’t want to be heating the street on a cold winter’s days. Luckily, the fix for this common problem is quite easy, and there are a number of ways you can go about it. If the holes are substantial you can fill them with quick setting cement or mortar. If they are smaller you may be able to use some silicone and a caulking gun to reseal the edges. 

Doors may be more difficult, especially if the gap is underneath. One very cost-effective solution is to buy a draft excluder. These are usually very cheap and will ensure that the warm air stays in, and the cold air stays out. 

#2 Leaky Air Ducts 

Air ducts that transfer the air around your home are usually installed in the attic so it can be difficult to know whether they are working effectively or not. People rarely check them because it’s an awkward job. Air duct specialists, Attic Projects Services suggest that some of the most common ways in which air ducts can be operating ineffectively include damage from wear and tear and poor installation. 

The knock-on effect of this damage or poor installation is that the air escapes which makes your air conditioning unit work harder. It will then overwork itself to achieve the desired temperature causing your energy bills to skyrocket.

#3 Old Lightbulbs

You may be surprised to find out that using halogen or old filament lightbulbs around your house could be costing you more money than they need to be in two different ways compared to using LED alternatives

Firstly, old filament light bulbs are very inefficient when it comes to how they consume energy. Halogen bulbs are even worse. That’s because halogen light bulbs give off heat, so a lot of the energy that should be used for light is lost as heat whereas, LED bulbs are much more energy-efficient. 

Secondly, the lifespan of LED bulbs is much greater than that of traditional filament bulbs. They are slightly more expensive to purchase, but when you compare the hours of use you get from an LED bulb compared to a filament bulb it’s well worth making the switch.