It seems as though energy savings is on everyone’s list when it comes to home improvements. This may be because studies have shown that for every dollar you spend on home improvements that improve your energy profile, you save seven dollars over that lifetime of that improvement. Energy savings in the short term is only one part of the equation, however; most people also want to know what they can do to boost their resale value at the same time. These green building projects will help ensure that you save both now and at the time of sale.
The vast majority of homes are under-insulated, which means that they often lose a lot of the energy put into heating and cooling them. Adding insulation to your attic in particular, but also to your walls, roof deck, and exterior, can make a dramatic impact on how your home feels and on how well it holds onto energy. Best of all, adding attic insulation will recoup you more than 113% of the cost at the time of resale.
Windows are another huge area that can lose you a lot of the energy you use to heat and cool your home. Therefore, many people choose to replace their windows with more energy-efficient models. These may include triple-pane glass, low-e coatings, or argon-filled glass panes. Triple-pane glass, in particular, is known to decrease your home’s energy usage by as much as 25%. Replacing your windows also allows you to recoup their cost by about 71% at the time of resale.
Energy Efficient Appliances
Minor kitchen remodels are very hot right now, recouping up to 81% of their cost at the time of resale, compared to only 64% of a full kitchen overhaul. And the piece that everyone is looking for in those new kitchens? Energy efficient appliances that will save electricity and water, as well as money each month.
Tankless Water Heaters
If you use less than 40 gallons of hot water per day, you may want to invest in a tankless water heater. Tankless heaters use up to 30% less energy than a standard heater, and they cost a lot less to run as well. They’re also included in that list of items that new home buyers are looking for, allowing you to recoup up to 90% of the cost.
While not exactly a home improvement project, an energy audit allows you to find all of the various small areas in your home that could be wasting energy and shows you how to improve them. Proving that you’ve had an energy audit conducted, and corrected the issues, could add as much as .80 cents a square foot to the value of your home. Most utility companies will conduct an energy audit for free as well, so you really have nothing to lose by having this done.
Go Green to Save
While green building projects aren’t always the most exciting things in the world, they can add a lot of value to your home, and a lot of savings in your wallet each month at the same time. If your energy bills have been seeming high, you may want to tackle these five projects first to get the biggest benefits later.
When you’re ready to begin, be sure to sign up with BEYREP to get matched to a Pro who can help you achieve all your green building goals. Sign up today and go green with BEYREP.