Cost Savings Tips for Second Home Buyers

 

Most homes can save 25% to 50% or more energy. So when you are investing in a second and/or vacation home like the one you see in the photo here, you may want to look in to cost saving ideas. Many of these ideas also are “eco-friendly.” When making the investment in a second home here are 5 things you can look into:  

1.       A home energy audit is the first step in figuring out your costs and potential savings.  Get a  home energy audit.Here is a link where you can get information in detail: http://www.energysavers.gov/your_home/energy_audits/index.cfm/mytopic=11160

2.        Check out the general condition of heating and air conditioning systems. When you invest in an energy-efficient product or renewable energy system for that  home, you may be eligible for a federal tax credit. Here in the Asheville area, many homes have heat pumps. Heat pumps offer an energy-efficient alternative to furnaces and air conditioners in moderate climates and can provide up to 4 times the amount of energy they consume.

3.        Inspect  insulation, and the degree of outside air infiltration. Second homes (but not rentals) do qualify for tax credits. Products that air seal (reduce air leaks) can qualify, so long as they come with a “Manufacturers Certification Statement.” You may choose to add  weather stripping and caulking when you calculate the cost of a second home.

 

4.       Take a look around at the daylighting (an example of which is shown in the photo) situation and/or opportunities for added daylighting in the home, and  the operation and condition of lighting.

5.       Review the energy efficiency ratings on all appliances as well as the heating system. Remember that ENERGY STAR™ appliances you may find already installed in a second will pay back in lower energy bills.