Buying a Home Can be Expensive: Five Ways to Save Money After Selling

Buying a home can be a very expensive endeavor. From the actual cost of the home, to the real estate fees, to the moving company, you have to spend a lot of money in a short amount of time. Because of the expense of purchasing a home, you need to make sure that you’re getting the most out of your new home. Here are some steps you can take after selling your home to help you save money going forward in your new home.

Insulating the Attic

Buying a Home Can be Expensive - Five Ways to Save Money After Selling

Insulating the attic is a relatively inexpensive project, usually costing around $200 or so if you do it yourself. Insulation is easy to install as many companies produce insulation that can simply be rolled out in layers across the joists. This project does not require a lot of time, but it can save you up to 20 percent in energy costs.

Installing Window Treatments

Window treatments are not only beautiful, they are functional as well. Window treatments can help ensure your privacy, which can prevent burglaries. Additionally, by controlling light and temperature with your blinds, you can save on heating and cooling bills year round. You can view window treatments here for ideas of how to improve your new home.

Going Solar

Many people think that going solar is just a fad, but it’s actually a very fiscally responsible option for new homeowners in particular. Installing a photovoltaic system, whether it’s just to heat your pool or a whole PV system for your house, will not only reduce your carbon footprint, but it will also drastically reduce your energy costs.

Install a Septic Tank Alarm

Septic systems are one of the leading causes of home damage. Not only will it make a sticky mess, but a septic system backup can cause you thousands in damage. Waste water can flood your yard, or even your home, if your system malfunctions. So what can you do about it? Purchase a septic tank alarm, and when there’s a malfunction that causes abnormally high water levels in the tank it will sound. At that point, you can call a professional for a minor repair and save yourself a lot of trouble, and your home a lot of damage.

Invest

Of course, one of the more traditional methods of saving money after you sell your home is to invest it in a savings account, another type of account, or, if you are stock market savvy, the stock market. Make wise investments that offer reasonable return on your money, as this can help you set up a financially secure future.

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