Becoming a homeowner is exciting…and expensive. When you purchase your own home, you are responsible for many different costs.
Not only your mortgage and homeowners insurance, but also utilities, upkeep, and any repairs that need to happen. You are going to need to find ways to save money as a homeowner.
Having an emergency fund is a must. Things will break. Preparing yourself for the inevitable will save stress and your credit card balance.
One of the best things you can do as a homeowner is set yourself up for success.
The products you choose for your home can help you save money as a homeowner, decrease your carbon footprint and save money for other expenses.
Here are 26 products that will help you save money as a homeowner.
Energy Saving Tips for Homeowners
Heating and cooling costs can really add up when you own your own home. The climate where you live and how well your home was constructed can have a big impact on the cost to heat and cool your home.
Fortunately, there are many products available that can help cut down on those costs. Here are my favorite energy saving tips to keep those energy bills low.
Thermostats have come a long way from the days of “set it and forget it.”
The smart thermostats available now can be programmed according to your daily schedule but also can learn your household’s patterns and adjust the temperature depending on if the home is occupied or not.
Another benefit of smart thermostats is the ability to see weekly and monthly home energy reports.
Purchasing a smart thermostat for your home will save you money as a homeowner because it will more efficiently heat or cool your home AND give you the ability to self-audit using reports.
The top three selling smart thermostats on Amazon are:
MONEY SAVING TIP: Check with your utility company to see if they offer any rebates for installing a smart thermostat…many do! Great way to keep your utility bills low. Also, consider an energy audit. Those are done free in many areas
This product is an extra barrier to keep air from sneaking in through small cracks around your doors or window. Most weatherstripping is self-adhesive so it is relatively easy to apply.
This product is self-adhesive foam tape. A perfect energy-saving tip for all homeowners.
If you have older windows that you aren’t planning to replace any time soon, another great product to try is a window shrink film insulator kit.
Using included tape and plastic, you cover the drafty window. Some heat from a hairdryer helps shrink the plastic film until it is taut and can hardly be seen.
Consider some home improvement projects down the road (like new windows) to decrease energy loss.
The gap beneath doors can be a major source of hot or cold air coming into your home. There are a couple of different types of draft-stopping products that will keep the air out and your heating/cooling bills lower.
One option is this draft blocker. You slide this beneath your door.
Another option that requires a little more work, but is less obvious is a door sweep. These are self-adhesive strips that you cut to the proper size and mount directly on the bottom of your door to keep the outside air from entering your home.
Although it might seem unusual, the temperature of your garage can affect your heating and cooling expenses. This is especially true if you have a room that is built above it.
There are kits available with pre-cut insulation that can stick right to the individual panels on your garage.
Insulating your garage is a simple solution that can save money on the heating and cooling costs inside your home.
Besides being adding style to your home, insulated and/or blackout curtains can also help you save money as a homeowner.
These curtains act as a barrier, keeping hot sunlight out that overheats your home in the summer, as well as blocking cold air from moving into the room.
I know it sounds simple but we have french doors and you can feel the cold air coming in. Having curtains across them in the winter and summer really does help.
There are so many different types and styles of blackout and thermal curtains that you should be able to easily find some that fit your style.
Installing fans in main rooms and bedrooms can help immensely with heating and cooling costs. Not only will ceiling fans circulate air and cool the area in the summer, you can also flip a switch on the fan for winter.
The fan will then turn the other direction to help push warm air down. There is also a huge variety of fans available now. You can find fans that are stylish and fit many different decorating styles
Energy Saving Products and Money Saving Hacks for Homeowners
As a homeowner, being as energy efficient as possible is in your best interest for keeping long-term costs lower.
There are many products available that can help you save energy and in turn lower your electric bills. Here are a few of my favorites.
Consider more frugal hacks to help save money around the house.
If you have lamps, fans, air purifiers, or an air conditioner that plugin, a smart power strip will allow you to schedule your devices.
Not only can you schedule them to turn on wherever you are…but you can also schedule them to turn off after a certain period of time.
This smart power strip can be controlled using Alexa or an app on your smartphone making it the perfect money saving hack for homeowners.
Some homeowners are hesitant to change their lightbulbs to LED because the upfront cost is higher.
However, LED bulbs are so much more energy-efficient than incandescent bulbs that you will immediately see savings.
The average home will save $1000 in electricity costs over a 10 year period. That breaks down to $8 a month! Consider replacing lightbulbs as they burn out for LED.
This is what we did and we now have all LED in our home.
Using motion sensor light switches in smaller high traffic rooms (think bathrooms/kid rooms/laundry rooms) can help you save money on your electric bill.
These light switches work with any bulb and won’t turn on if there is adequate daylight in the room.
If you have a traditional water heater, a very simple and inexpensive way to cut down on your energy costs is by installing a water heater blanket. Grab one of these to keep your hot water hot.
These are simple to install and reduce heat loss from the water heater by up to 40%.
Cleaning Supplies that will help homeowners save money
Setting up your home with reusable cleaning supplies will not only save money in the long term, it will also decrease your family’s carbon footprint.
Here are some of my favorite cleaning supplies that will save you money.
Traditional paper towels add up and produce so much waste. These “un-paper” towels are absorbent, washable and reusable.
Add some stylish flair to your table and save money by purchasing reusable cloth napkins. This brand of napkins has amazing reviews and SO many fabric choices to pick from.
We have reusable napkins that I made out of some very cute fabric. They have lasted for years. It took some getting used to by some family members but by now, they are all used to it.
Recent toilet paper shortages have turned the spotlight onto the useful and money-saving bidet. This bidet attaches easily to the clean water tank of your toilet and will save you lots of money in toilet paper costs.
Homeowner Tips to Save Money on Water Costs
These are relatively inexpensive and are easy to install. A low-flow showerhead can decrease your water use in the shower by up to 45% so they are worth the investment.
Either you can let the water run until it reaches the perfect temperature OR you can fill up your glass from a filtering water pitcher in your fridge. This will save you money and water.
Utilizing a barrel to collect rain can save you money on your watering costs. This rain barrel has a built-in spigot so you can easily hook up a hose and water your lawn and garden.
Changing out a traditional sprinkler system for a smart controller is pretty life-changing.
Not only can you control them from an app or smart device, but they also connect to “hyper-local” weather information.
This means the sprinkler won’t turn on if it is too windy or already raining. I think this is brilliant and plan on getting one of these myself. No more wasted water!
MONEY SAVING TIP: Check with your water company to see if they offer any rebates for installing a low-flow showerhead or a smart sprinkler controller.
Money Saving Tips for a New Homeowner: Maintenance Binder
This is probably the simplest and most valuable product you can have as a homeowner. Purchase a binder or notebook and keep it in a central area.
A maintenance binder will save you money because it keeps important information handy. You will be able to access receipts for warranties as well as paint colors you used.
Final thoughts on ways to save money as a homeowner…
Becoming a homeowner can be very daunting. Sometimes it feels like there is a constant stream of costs that are hard to track or anticipate.
However, there are proactive steps you can take to save money in every aspect of your homeownership.
You can purchase products that will save money on energy costs, heating and cooling, water expenses, and cleaning products.
Making sensible product choices can save you money over time that you can use for other costs. I hope these ideas will be easy for you to incorporate into your home.