Use these 10 tips to cut maintenance costs on your home today.
1. Using Traditional Light bulbs
If you still have incandescent light bulbs in your home, you could be throwing a lot of money away every month. Over its life span, an incandescent bulb can use $180 worth of electricity. A CFL will only use $41 worth of electricity over the same time period. Even better is the LED bulb, which only uses $30 per bulb. Think what replacing every light bulb in your home could do to your home's bottom line.
2. Ignoring a Leaky Faucet
A leaky faucet that drips one drop per second can waste more than 3,000 gallons per year, which is enough water to take more than 180 showers. Fix or replace your leaky faucet and save a ton on your water bill.
3. Using the Wrong Air Filter Size
We all sometimes forget to change out the air filters for our HVAC systems or accidentally buy the wrong size. But using the wrong filter or a dirty filter can increase your power bill and cause expensive problems for your furnace down the road. Use the correct filters for your system, and set a reminder to change them after the recommended amount of time. You won't regret it.
4. Not Customizing Temperature
Invest in a customizable thermostat. Heating or cooling an empty home wastes a lot of money in energy costs.
5. Not Adjusting Air Vents Properly
Is one room in your home hot, while the others are cold? Oftentimes homeowners will crank up the air conditioning in the whole house to combat hot temperatures in one area. Instead, adjust air vents to direct the flow of air more evenly throughout your entire home. Professionals will come regulate this to ensure that your entire home is receiving the same amount of air conditioning or heating.
6. Over Watering Lawn
Many homeowners have their sprinkler systems programmed to come on in the early morning hours for optimum lawn health. This can become a problem, however, if you're never around to see what you're actually watering. A broken sprinkler head could be causing a fountain, or the trajectory of your sprinkler may be directed at a fence instead of your lawn. Periodically run your sprinklers during the day so you can see how they are performing when you're not around.
7. Water Heater Temperature Set Too High
Unless you have a tankless water heater, your water heater is keeping the water in its tank hot 24/7. If you don't keep an eye on the temperature as each season changes, you may be paying too much to heat your water. Decrease the temperature in the summer, and bump it back up when winter comes.
8. Leaky Windows and Doors
Leaky windows and doors are great places for cold, winter winds to enter your home. Many homeowners simply ignore them and crank up their heaters. Caulk leaky windows and put rubber seal around doors to keep winter winds out and warmth in.
9. Paying a Handyman
Don't pay a handyman for a job that is simple enough to do yourself. If you're unsure of how to do something, look up video tutorials online. Doing simple tasks yourself can save you a lot of money.
10. Ignoring Curled Shingles
It may be easy to ignore problems on your roof, but it will only lead to bigger problems later. If you see any possible issues with your roof, repair them as soon as possible, as this will save you significant costs later.
According to CTV news, the average price of houses was dropped by 2.1% in 2018. In 2017, the average price was $509,835 where as in 2018 it was $499,100. In the Country’s largest market, that is Greater Toronto Area, the decline was about 4% falling from $822,961 in 2017 to $787,000 in 2018.
Canada Mortgage and Housing Corporation (CMHC) expects the normal Canadian housing prices in 2019 to be under $525,000. Be that as it may, the regional sales and price forecasts contrast significantly. Urban housing markets in Ontario are relied upon to recoup from the "dampened activity in 2018" due to anticipation of strong job growth and immigration.
For potential home buyers especially young families, who are new in the market. Even after this fall in prices they still are not able to afford houses worth more than a million dollars. So, what is the option for them? They have two options, one is to move outside of GTA, or the second option is to live in a Condo Townhouse. Townhouses are the next best thing for the people who are unable to afford million-dollar homes. It is like a house but condominium ownership.
Few things to notice in 2019 are rising mortgage rates, more stringent lending requirements, and of course continued high home prices.
The Graff Girls will keep you informed of the market outlook each month.