Save money by making wise home investment choices

Create a positive home investment with everything from LED lights to solar panels.

06:23 09 December 2013

Making wise investment choices can make all the difference if you are looking to save money around your home. Making changes from what type of light bulb you use to how you get your electricity can add up in the end. The same is true even if you are planning on selling your home; you can increase the value by making just a few minor changes. 

 

Save money on everyday expenses with the following investment options: 

 

• Light bulbs- The biggest expense a home has outside of insurance and your mortgage or rent payment is electricity. Changing your light bulbs to LED bulbs can go a long way to reducing your electrical expenditure. They may be more expensive than your average bulb but they last longer and will pay for themselves in less than a year and a half

 

• Visit resell shops- Appliances, furniture and house wares, up to a point, lose value as soon as they are purchased. Purchasing second hand items can be the perfect way to save many while making an investment. Purchasing from a resale shop can give you the opportunity to purchase items you might not normally be able to afford. 

 

• Take the Alternative Energy Route- Changing how you obtain your electricity can do wonders for reducing your household expenses. Solar panels have become increasingly cost effective alternatives to fossil fuel based electricity.

 

• Upgrade your home- Energy efficient appliances, water saving devices and insulation can help to save you a significant amount of money and can be a great investment in your property and its value. 

 

The best investment you can make is getting your home ready to sell. Updating kitchens and bathrooms can go a long way to increasing the value of your home. Know what sells, and then try to renovate your property without spending too much. If you are looking to increase the value of your property, start today.