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ROI or Return on Investment is a parameter used to calculate the efficiency of an individual investment compared to the efficiency of different investments clubbed together. In other words, the quantity helps you to compare the gains and costs of a particular investment.
Hence, investing in high energy efficient upgrades at your home is a smart move to increase the overall value of your property. These upgrades reduce your utility costs and increase your property's value in the market if you plan to sell it. Before selling your house, here are certain high ROI upgrades that you can make to reduce energy costs-
Replacing Old Doors and Windows
Your home usually loses a significant amount of air through old and poorly sealed doors and windows. These units are older and less energy-efficient and invariably increase your energy expenditure. Upgrading these older units with newer ones shall help you decrease substantial amounts of money on cooling or heating your home.
Moreover, replacing older windows and doors during the selling period shall deliver a high ROI value to the property. Hence, it is one of the most effective methods executed to make your home ready for sale.
Sealing Air Ventilation Ducts
Unsealed ventilation ducts along with old windows or doors leak considerable amounts of cooled or heated air into other areas of your home such as the basement or attic. Hence, insulating or sealing these ducts shall help you save heating, ventilation, air-conditioning costs. However, you cannot seal these ducts entirely on your own using duct tape.
Duct tape does not provide complete insulation despite its name. Moreover, this job requires professional assistance and may get messy. In comparison to heating or ventilation costs, this job is far more practical, useful, and monetarily viable.
Installing Solar Water Heaters
Solar energy, one of the most sought-after unconventional energy resources out there, is gaining tremendous attention in the last few years. Scientists are integrating solar energy with various home appliances, including solar water heaters, ovens, televisions, water pumps, coolers, etc.
Install solar water heaters at your home; it will become one of the energy efficient upgrades and reduce energy expenditure to a great extent. Experts have suggested that using solar heaters can potentially reduce your yearly bills by 10-15 percent. Although it shall cost you a larger amount in the initial stage to switch from traditional water heaters to solar ones, you will be able to compensate for the costs later.
Skylights Instead of Lightning Bulbs
Most efficient upgrades usually lean towards green or eco-friendly investments, and one of those methods include replacing lighting bulbs with skylights. They are a wonderful, eco-friendly addition to your home, providing natural illumination throughout the interiors. You can also install remote-controlled skylights to save your efforts too.
There is a long list of high energy efficient upgrades and investments that you can make in your home to increase its value in the market. These investments may cost considerable money but can prove beneficial for you in the future. Hence, it is always better to have a long-term perspective while making investments such as replacing old windows and doors, installing solar water heaters, etc.