It’s been a long, hot summer, but as the seasons shift, it’s time to prepare for the cooler months ahead. A few simple home improvements could help keep your house snug without inflating your power bills.
It’s almost time to pack away the summer gear and swap the beachwear for warmer clothes. As we prepare for the cold to creep in, it’s a great opportunity to show your home some love.
A few budget-friendly renovations can make your home feel warm and welcoming, while also helping you save on heating costs.
Here are three easy, low-cost renovation ideas to get you started.
1. Keep the Cold Out and the Warm In
Did you know that up to 25% of winter heat can be lost due to draughts? A simple home improvement is sealing up any gaps where cold air is getting in.
You can start by installing door seals and using a waterproof filler (caulking) to seal around windows and skirting boards. This small effort can make a huge difference in keeping your home warm without having to rely on your home loan for constant heating.
2. Rethink Your Home Heating
Once your home is draught-proofed, it’s time to think about your heating options. Heating is one of the biggest energy users in Aussie homes, accounting for about 40% of total energy consumption. So, if you’re still using old, inefficient heaters, it might be time to upgrade.
Reverse cycle air conditioners are one of the most energy-efficient heating and cooling options. Even a unit with a lower efficiency rating (such as 2 or 3 energy stars) can be more cost-effective than older models. This could help save you money on your heating costs, and potentially, improve your mortgage situation with lower monthly expenses.
3. Insulate Your Home
Just like wearing layers of clothing keeps us warm, insulating your home is the equivalent of wrapping it in a cosy blanket. Not only does insulation keep the cold out in winter, but it also helps keep your home cool in summer.
According to Consumer group CHOICE, up to one-third of heat in an uninsulated home is lost through the roof. Insulating your roof cavity is a simple and affordable first step. For those with a larger budget or if you’re building a new home, adding floor, wall, and ceiling insulation can save hundreds of dollars each year in energy costs.
How to Manage the Cost of Improvements
Small home improvements to make your home warmer this winter are easily manageable. However, if you’re planning more significant renovations, you might want to explore additional financing options.
Your current home loan may provide a source of funds, or you could consider taking out a renovation or construction loan. As your trusted mortgage broker, I can help you find the best interest rates and loan products to suit your needs.
If you’re in Eltham or the surrounding areas and would like to discuss financing options for your renovations, reach out today. Let’s ensure you have a warm, cosy home without the hefty bills!
Disclaimer:
The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute tax or financial advice, whether general or personal, nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to your circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced, or republished without prior written consent.
