ideas: Home Additions That Can Save You Money Long Term

Home Additions That Can Save You Money Long Term

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  • If you're like most homeowners, you're on a budget. You look for any way to save money that you can. Fortunately, there are some home additions that you can make that will save you big bucks over the long haul.

    Some of these require a bit of money and effort up front. Others are simple. All are effective.

    Here's a look at four of them.

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Solar panels


  • Adding solar panels to your home allows you to capture the energy of the sun and put it to good use. Solar panels will run you about $12,500 to install. However, over the course of the lifetime of the panels, you could save yourself more than $40,000 on your energy bills.
  • Of course, if you don’t have the funds to get panels installed yourself, you can also work with solar companies where they pay you to let them use the excess energy gathered from the panels.
  • By the time you pay off the panels themselves, you’ll have earned back a great deal of savings and can continue to get those payments long after you officially own the panels themselves.
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Dig a well


  • If you use a lot of city water, then chances are you know how spendy water use can be. This is particularly true in the summer months when things heat up.
  • According to some estimates, you can save yourself up to $500 a year by digging a well. Over the long haul, adding a well and a septic system can save you up to $10,000.
  • The same can be said of residential water well pumps. Not only that, but getting your own water well can help make you more independent from government water systems for emergency situations.
  • However, you’ll want to make sure that the zoning laws in your area allow for your own residential water pump before you start getting one installed.
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Change the lights


  • The type of lightbulb you use can make a big difference in the amount you spend on energy costs. By switching out your traditional bulbs for LED lights, you can save yourself up to $400 a year.
  • You’ll also save yourself money in replacement costs. LED bulbs last longer, provide better light, and while it’s a small change it can be well worth the effort, especially when coupled with other energy saving solutions.
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Smart thermostats


  • Smart devices in the home are very convenient. You can program most of them to work with your smart phone. They also happen to save you some serious dollars.
  • For example, adding a programmable smart thermostat can save you almost $200 a year in cooling and heating costs.
  • While this may seem like a small number compared to the others, these numbers add up to incredible long term savings that will bolster your finances and allow for greater home projects.
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Some more smart devices


  • While discussing smart thermostats, consider implementing other smart devices to make your home management much easier. These smart automation connections can make your home more valuable – and it won’t take much investment.
  • We’re talking about:
    • —   smart lighting devices
    • —   smart window blinds
    • —   smart home security
    • —   smart appliances
    • —   other smart home stuff:
      INFO: The Best Smart Home Devices for 2020
  • CONCLUSIONMoney-saving devices, like smart thermostats, or equipment, like solar panels, save the average homeowner hundreds if not thousands of dollars over the lifetime of the install.
  • If you haven’t thought about switching out some of the more expensive money zappers in your home and on your property, you should. The money you save could be put toward your nest egg and other investments.
  • Many of them are also better for the environment and last longer than their normal counterparts to boot.
  • smart light switchsmart window blindssmart home security

       some smart home device ideas to consider      

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