Energy and water costs are on the rise in many areas of the country but with a few home improvements, you may be able to save money on your utility bills.
- Go Low Flow – bathing and showering comprises 35% of Canadian household water use. Low flow faucets and shower heads can help dramatically reduce your water consumption
- Fix Leaks – leaky pipes and faucets increase your water bill every month and may require more extensive repairs if they’re ignored
- Go Tankless – consider going tankless which may help save 20% on your water bills. Added bonus: you’ll never run out of hot water again!
- Rethink your insulation – good insulation helps regulate temperature and reduce heating and cooling costs by as much as 20%
- Manage the Temperature Automatically – a programmable thermostat helps save energy and money by scheduling temperature settings
- Seal up Drafts – check your windows. Drafty windows can cause 30-40% of heating and cooling losses. Apply weather stripping too!
- Improve Energy Efficiency – maybe it’s time to upgrade to new appliances or new windows which will not only save money but will appeal to new buyers.
Homeowners often remodel their homes to increase resale value. Renovations will improve style and function and may make them more appealing to buyers.
- Upgrade your Kitchen – a kitchen remodel may become a key selling point if you decide to sell. The average kitchen remodel costs about $25,000 while a high end remodel could be as high as $49,000; however, if you’re thinking of listing your home soon, a full remodel may not be necessary. A coat of paint and minor upgrade may be all you need.
- Upgrade your Bathroom – Buyers love renovated bathrooms especially ones with upgraded fixtures and spa-like settings. You can spend anywhere between $10,000- $21,000 for a bathroom remodel.
Top 3 Renovation Projects
- Bathroom renovation/addition
- Kitchen renovation/remodel
- Flooring/paneling/ceiling replacement