Cut Home Costs This 2013!

Hey everyone! Hope you all had a great weekend! I thought I’d start off this week with a little post on personal finances. With the new year just starting I’m sure all of us have our own resolutions that we’d like to work on, and for families and homeowners I’m sure managing your budget for lesser costs is something we all want to see fulfilled.

I read a helpful article on Yahoo! Homes on five simple ways that homeowners can jumpstart their way in cutting costs.

Homes for sale in West Virginia

#1: Refinance Your Mortgage

Mortgage is arguably the biggest monthly expense that most homeowners have. Did you know that it’s possible to cut it down by several hundred dollars? With low interest rates, your mortgage could be as low as 3.34%, according to Freddie Mac. Refinancing and proper calculation is key to having a low mortgage, which a professional will be able to help you with.

#2: Bundle Your Cable, Internet, and Phone

It’s a no-brainer that buying by the bulk saves money. The same goes for cable, internet, and phone–which a lot of companies offer in the same package. If you have different providers for these three, it’s a practical move to switch to a service that can offer all.

#3: Re-shop Homeowners Insurance

Investing in insurance for your home is always wise, but it also never hurt to look around and see what other insurance companies have to offer. They may all look the same, but browsing around can make a big difference in your insurance premium. Get at least three price quotes. Don’t choose for price alone. You want a company with a good and efficient reputation. Also, some insurance companies will reduce your premium by 5-15% if you buy two or more insurance policies from them.

Homes for sale in West Virginia

#4: Make Your Home Safer

Have you been thinking about installing an alarm system, putting on a new roof, or setting up storm shutters for your home? If so, these upgrades could also save you money on your homeowners insurance. In relation to tip #3, you can get discounts of up to 20% for installing various security systems beforehand.

#5: Make Your Home Greener

Not in the garden kind of sense, but installing energy efficient systems for your home that will help you save up on water and electricity, such as low-flow toilets or programmable thermostats. Not only do you lessen your bills, you also prolong the life of your appliances.

I hope these pointers were of help somehow! Follow my blog here on WordPress for more home management articles in the near future!

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