Remodeling your kitchen is a major undertaking that can improve your home in many ways. An update to your kitchen will pay for itself in time. It will add value, warmth, comfort and efficiency to your home.
Here are six reasons a kitchen update can actually save you money:
Replacing the refrigerator saves on electricity
Replacing old appliances with energy-efficient ones is an important part of any kitchen remodel. You will begin saving money immediately by using less electricity, and the appliance will pay for itself fairly quickly. Look for a refrigerator with an Energy Star rating. This is the government seal of approval for energy efficiency.
Adding natural light saves on heating costs
Replacing old, drafty windows can add extra natural light to the room and make the entire house warmer. Look for windows with an Energy Star rating. Insulate the gap between the wall and frame at the time of installation. You will see the money savings in your heating bills. This can also save you on electricity, since you will won’t be using your lights as much if you have more natural light in the room.
New lighting systems are energy efficient
Compact fluorescent lights (CFL) use one-quarter of the electricity that incandescent bulbs use. Even more efficient is LED lighting, which uses only 10 percent of the electricity of standard bulbs. Newly designed LED lighting provides a softer lighting effect and is perfect for under-cabinet or overhead lighting.
A tankless water heater pays for itself
Consider replacing your water heater with a tankless water heater while you are doing home updates. An on-demand heater heats up water as you need it. You save in the cost of storing hot water. You can recoup the cost of installing a tankless water heater in a few years.
New faucets reduce water and heat use
Faucets designed for efficiency and ease of use will give you a more eco-friendly kitchen and can reduce water consumption by one-third. Look for faucets with a multi-function spray wand and variable settings. You can also add an aerator to the faucet, which reduces water flow without reducing water pressure. It’s important you choose faucets that are designed for efficiency to save money on water and and heating bills, suggests professionals at Mangum Plumbing.
Insulating pipes conserves heat
While you’re remodeling the kitchen, insulate the pipes and heating ducts. This will protect your pipes from freezing and give you money savings over time in reduced heat loss. A great deal of heat can be lost in delivering heat from the furnace or water tank.
A kitchen update is a good investment, and you can recoup 75 percent of the cost when you sell your house. The update will pay for itself over time, and you can actually save money.
Sep 10, 2013 1