In Vancouver BC, we get more rain and damp weather than other areas nationwide. It is important to look into other costs involved when purchasing a home. As a Vancouver REALTOR®, I always advised many of my first time real estate home buyers to analyze every expense and costs involved in owning a home. Many folks not considering this major monthly expense when budgeting for their mortgage and monthly expense payments and can encounter further crunch in their monthly savings.It is good to know how to save on heating costs and turn those dollars saved into investments.When I worked with local inspectors to inspect a property as conditional offer, the home inspectors also look at this infra-red image of a typical home. All the red and yellow areas are signs that your heating bill is going to go up and the house is putting in a simple wording is leaking money. So how can a home owner stay warm and save money at the same time?
lack of insulation is one of the major causes of a property to lose heat. Heat loss through walls and attics can be reduced using cavity insulation. This involves blowing insulating material into the gap between the interior and exterior walls.
This is a good time to also look at the attic space if it is a house, and find out the level of insulation and wether it is also enough air for the house to exchange.
2 DOUBLE PANED WINDOWS
When real estate buyers call me to schedule a showing, I also review many documents available in the supplement provided by the real estate listing agent. This will guide my clients to understand more about the property they are about to view. in those papers and documents which is known for "Property Disclosure Statements" I also research if there has been any updates and to know when the windows and roof have been replaced. Single paned windows are highly inefficient and keep your home chilly and uncomfortable. Upgrading to double paned windows will substantially reduce your heating bill savings and over time these energy efficient windows will likely pay for themselves.
3 CAULKING & FILMING
In many cases, when real estate buyers looking at purchasing a property, they don't budget for major renovations. Newer windows and roof replacement's cost is quite high, however if they have some life left in them, it is good to improve their functionality and save down the road. If you can’t afford to upgrade to double pane windows. A more cost-effective solution is caulk the window frame and cover with window film.
4 WEATHER STRIPPING
As far as drafty doors go, weather stripping can be a relatively inexpensive and it is a "Do It Yourself" option. This is one of the best and simple remedies to cover all holes and spaces to lose heat and save big.
5 AVOIDE BLOCKING VENTS
Keep heating vents clear by moving away objects such as rugs and furniture which block the vent and prevent heated air from circulating efficiently. Return air registers also need to be kept clear.
This also works if you have radiators, or electric heating boards. blocking them not only helps with heating distribution, but also can be hazardous.
6 INSPECTING THE FURNACE
Have your furnace and duct work inspected for potential heat loss issues. This is always on an inspector list and they check for manufacturer, age of the furnace, and its performance. Home inspectors also always check on exposed ducts since an un-insulated ductwork winds it way through a cold attic and can lose heat before it reaches the vent outlet.
7 PROGRAMMABLE THERMOSTAT INSTALL
Installing a programmable thermostat, which automatically lowers the temperature at night and when you’re away, can further reduce your heating bill. This simple solution is quite effective as many inspectors suggest, it takes more energy and power (which is more $) by turning off and on the heat in a longer period.As a REALTOR® working with substantial scores of buyers, I always protect the interest of my clients. Educating the clients on some issues that might not seem important to many, goes a long way and can reduce many stress in future.Contact me and I'd be happy to help with your real estate needs.