As a parent, you’ll know just how much money goes into keeping your home afloat each day. You’ll also know that there are a few, smart investments you can make now, which will save you thousands of pounds in the future. To help you figure out exactly what these investments are and how you can use them, here’s a lowdown of the top ten.
Keep it clean
When your home is cluttered and dirty, it can cover up minor and major damage of the home. This means that some problems can get worse over time, and in turn more expensive to fix- without you even knowing. Keeping on top of household cleaning is a very small investment of time and money, but it can pay off massively in the long run. Make sure your cleaning products are easy on your health and wallet, by investing in some all-natural household essentials.
Fit better home insulation
The average adult in Britain spends £57,982 over their lifetime on energy bills alone. Much of this cost comes from heating a family home during the colder, winter months of the year, but why does it cost so much? Simply put, many households need to have their central heating on full blast due to poor insulation in the walls. Do the planet and your bank account a favour by checking out how much it costs to improve the cladding in your home. For some, government grants make this investment even smaller. It’s also a great excuse to splash out on some new blankets.
Consider a home warranty
Families are no stranger to fixing household damages in their homes. With countless call-outs for boilers, washing machines, and electrical issues costing parents more money and stress, consider getting a home warranty to cover the cost. You might be wondering: why spend money on a warranty instead of saving? The truth is that while home warranties do require a set, yearly cost, they pay themselves back within a few call outs for repairs.
Save more water
Water is the largest expense families incur, and high usage can also put the planet at risk. Having a water meter in place allows you to evaluate your current water usage, and make some key changes. With saving water, it’s best to think outside the box. For example, you can reduce the water you use on your garden by collecting rainwater in a water butt. If you can’t afford one, your dishwater or bath water will also do the trick.
Switch to energy-efficient appliances
The more electricity you use, the more money you’ll lose. Switching out your current appliances for energy-efficient or eco-appliances can drastically reduce how much energy your home uses. This may seem like a large upfront cost, but once you see your monthly bill dwindle, you’ll thank yourself for the change. Being this aware of energy usage is also a great way to instill money-savvy and green habits in your kids, like switching off the TV at the mains plug when you go to bed.
Invest in solar panels
Once you’ve cut down on your energy usage, you’ll be surprised at how easy it becomes to avoid your monthly energy bill altogether. More and more homes are investing in solar panels to heat their homes and power their appliances. The best part is that you don’t need constant, British sunshine to rely on them. The cost of getting a reliable panel system fitted may seem sky-high to begin with; over time, reduced bills can produce a massive lifetime saving for your home. Some households report saving up to £220 each year on energy costs.
Compare gas suppliers
Gas prices across Britain have seen a huge rise in recent years, but there are some reports to suggest that “ditching and switching” to a new gas supplier could save families up to £350 a year. The investment with this tip isn’t your money, but your time. It can take a while to sift through the best gas rates, but experts have promised that putting in this time can result in a better tariff for everyone.
Install a home security system
Burglaries happen every single night across Britain, and the cost of replacing locks, stolen goods, and increasing home insurance is enough to send any family into a stress. Luckily, modern home security systems are an easy way of making sure your home is protected from intruders and any adverse weather. From phone-activated alarms to CCTV cameras, there are more tools for a cheaper price than ever before. With home security, however, don’t just go for the cheapest option. Compare the best systems for families before deciding.
Find a new mortgage
From the moment you put the deposit down for your home, your mortgage becomes a huge drain on money. Many homeowners don’t know this, but you can save far more money each month by switching mortgage providers. If you switch, you could be looking at smaller interest rates or smaller monthly repayments. Like with switching gas providers, your investment here is your time. To get the right mortgage, it may also be worth investing in a trusty solicitor for their expert advice.
Keep décor up to date
When you’re settled in your family home, it’s hard to think too far into the future. The thing is that there are changes you make to your décor that can affect how much you sell your home for in the future. While keeping your personality in your décor, try and stick to a neutral colour palette and minimalist, classic furnishings. This means interested buyers will be more likely to invest in your home if you ever decide to move.