Energy-Saving Improvements to Boost Salability

Improve energy efficiency

Energy-Saving Improvements to Boost Salability

For the majority of Canadians selling average homes, it can be difficult to highlight the reasons why yours is the best choice among similar homes on the market. If you’re intent on increasing your home’s value and marketability, making it more energy efficient may be the best strategy. Here are 3 low cost energy-saving improvements that could make a big difference to buyers.

  1. Install Programmable Thermostats

One of the simplest ways to increase energy efficiency in your home is to install a programmable thermostat, which can adjust the temperature while you’re at work or sleeping. According to Moneysense.ca, for each degree you turn your temperature down in the winter, you could save up to 5% on your monthly heating bill (and vice versa for cooling in the summer).

In fact, multiple thermostats for system zoning could be an even more appealing selling point, especially if you’re selling a larger house. System zoning allows you regulate the temperatures of different areas of your home based on when they’re more frequently used, which can dramatically reduce energy consumption and save potential buyers hundreds of dollars per year.

  1. Add Insulation

Upgraded or added insulation is a great way to improve the energy efficiency of a house in colder climates like ours. The attic (if there is one) is usually a good place to start, since blowing in loose fill insulation is usually inexpensive and doesn’t require a huge renovation commitment. If you choose to go this route, a good rule of thumb is to add enough insulation to reach the tops of the ceiling joists. However, it’s important to ensure that the ceiling is air sealed, otherwise warm, moist air could leak into the attic and cause condensation. The added value for your buyer? Moneysense.ca estimates that upgrading the R value (the scale used to measure insulation effectiveness) from R-10 – a common value in attics – to R-50 could reduce energy costs by 6% per year.

  1. Tackle the Small Stuff

There are a number of small improvements you can make that can add up to big energy savings for your buyers. One of the most effective steps is to seal household drafts. Small air leaks around your foundation, windows, doors, and electrical sockets can lead to surprising energy wastage, so be sure to seal cracks, replace weather stripping around windows and doors, and install draft-reducing gaskets behind switch and outlet covers.

Other small-but-smart energy savers include installing motion sensors on outdoor lights and dimmer-switches inside. You could also improve water heating costs by as much as 3-4% annually by insulating the hot water pipes in your home. The more small improvements you make, the better the overall picture of your energy-efficient home.

Of course, there are a number big-ticket energy-saving upgrades you could make before selling (like installing new windows or thermal blinds, putting in a high-efficiency furnace, or swapping out your major appliances for high-efficiency models), but you’d have to consider the possibility of not getting a full return on your investment. If smaller jobs are better suited to your budget and schedule, following these simple tips could put your listing ahead of the curve.

Interested in selling your home and saving thousands in commission?
Our experienced team can support you with more great tips and advice, plus all the tools you need.

Call ComFree for a free, no-obligation consultation: 1-855-999-9740

 

Originally published in the Canstar Community Newspapers on August 8th, 2017. Republished with permission. Content written by ComFree Commonsense Network.
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