Posts Tagged ‘Increase Home’s Market Value’

Is Your Home an Energy Hog?

Tuesday, March 29th, 2011

Tips to save on your Home Energy Costs

All homes were not created equal when it comes to energy use. Newer dwellings are typically built with conservation in mind, whereas older houses often have a few shortcomings to address. 50% of Canadian households have made at least one home improvement intended to reduce energy consumption. 36% of Canadians now have a programmable thermostat, 33% have switched out five or more standard lights with energy-saving CFLs, and 9 out of 10 homebuyers say they are likely to look for an energy-efficient home in the future.

How do you know if your home is wasting valuable resources on a regular basis?

A home Energy audit detects specific deficiencies and suggests improvement projects that will have the biggest impact. Correcting any issues that are found should work to reduce your home’s overall energy consumption and trim your monthly household budget.

You can conduct an inspection yourself. Contact your local utility company or hire an independent energy auditor for a thorough review. A professional may use sophisticated equipment such as blower doors, infrared cameras and surface thermometers to isolate air leaks and drafts.

Assess insulation levels in attic, walls, ceilings, floors and any crawl spaces. Reducing the flow of warm and cold air between the inside and the outdoors will also make the interior more comfortable year round.

Look for cracks or openings around walls, ceilings, chimneys, windows, doors, plumbing fixtures, electrical switches and outlets or any other place that air can leak into or out of your home. Pay special attention to the fireplace flue and areas with noticeable drafts.

Make sure appliances and heating/cooling systems work well and are maintained according to the manufacturers’ recommendations.

If you’re looking for ways to reduce your monthly costs, investing in upgrades that make your home more efficient should do the trick. It will also impress cost-conscious homebuyers and potentially enhance your home’s market value if you decide to sell.

Source: Buffini and Company, Statistics Canada

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