The importance of incorporating energy-efficient products into a home
Posted on Monday, February 11, 2013 at 11:27:34 AM
As consumers nationwide continue to observe the gradual rebound of the real estate sector and see rising home prices in their neighborhoods, many may begin to consider making improvements to their houses. Modifying a residence to become more energy-efficient, or keep up with market norms, can be beneficial to homeowners and achieved with the assistance of residential lending.
"There are many home improvement projects to consider when striving for energy efficiency," said Home Loan Investment Bank home improvement lending expert Brian Harvey. "Homeowner's may find it beneficial to start with an energy audit. This is where an industry expert will inspect and review the make-up of one's home and offer recommendations on how to improve the efficiency and cost effectiveness of the homes energy usage. Some of the common projects include proper insulation and sealing, replacing outdated aluminum windows with high efficiency wood or vinyl models, replacing hollow doors, and installing a high efficiency water heater. Possibly the most affordable and one of the easiest ways to save on energy cost and consumption is to install a programmable thermostat. A programmable thermostat allows the homeowner to adjust the home's temperature setting while asleep or away at work. A programmable thermostat can also pay for itself rather quickly with an average cost of $120 and an average energy savings of 10 percent, a properly programmed thermostat can pay for itself in less than one year."
Increasing a house's energy efficiency is an important action homeowners can take to possibly save themselves money, and increase their return if they choose to sell the house. The numerous financing opportunities offered to consumers through Home Loan Investment Bank could result in additional home improvement activity in the near future, so industry professionals should prepare for busy spring and summer seasons.