You finally come to that point in your life when you have your own home, you've settled in for a few years and you start to realize that owning a home requires work. You start to see that regular maintenance is needed and it seemed like it just crept up on you so fast. Here are some of the things that most homeowners will face that can drain your wallet. Here is a good article over at https://www.rd.com that touches on the all the things we forget to pay attention to when owning a home that can cost you a lot of money.
That seemingly innocent faucet drip
yuratosno3/ShutterstockA leaky faucet is annoying enough on its own for the drip-drip-drip sound it makes, but that pesky leak is also costing you money, not to mention all that good water going down the drain. A little drip may not seem like much, but a drip calculator from the American Water Works Association puts it into perspective: 30 drips per minute means a waste of 4.32 gallons of water per day, 129.6 gallons per month, and over 1,576 gallons per year. “Take a look at basic household leaks, from hose heads to kitchen faucets. While these leaks might be tolerable initially, they can cause major damage to the structure of a home over time, resulting in thousands of dollars in repair costs,” says Allen Shayanfekr, real estate expert and Co-Founder & CEO of Sharestates. Check for leaks you can't see, like in the attic or in unused parts of the basement, and fix them as soon as possible to prevent more extensive (and costly) damage down the road. Don't miss the things plumbers won't tell you—but you really should know.
Image courtesy of: kathyehancock
Those long, steamy showers
futureGalore/ShutterstockWe love our hot shower and baths, but that monster water heater takes a lot of energy to keep things toasty. If you have an older water heater, John Hale, owner of Mr. Electric of Augusta, a Neighborly company, recommends wrapping the water heater in an insulated blanket to save around $20 on gas and $50 on electric heating annually. If budget allows, replace the old water heater with an energy efficient model and save up to 50 percent more per year. Additional unnecessary costs come from the temperature setting being too high. According to Energy.gov, the idea temperature is 120 degrees Fahrenheit. If the temperature on the water heater is set at 140 degrees or more, you risk not only scalding yourself, but also wasting $36 to $61 a year in standby heat losses and more than $400 annually in demand losses.
Leaving all the lights on
POPimage/ShutterstockTurning off the lights in rooms you're not using is one way to save cash, but there's a more substantial way to stop lighting your money on fire: “A common fix is replacing incandescent lights with LEDs,” says Shayanfekr. According to Energy.gov, if you replace your home's five most frequently used light fixtures with LED bulbs, you could save $75 a year. Switching to LED bulbs is a small investment but it pays off—they generally last 3 to 25 times longer than an incandescent bulb. Smart home owners do these things once a year.
Look here for the full article. www.rd.com
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