Thursday, 24 April 2014 18:58

How to Estimate Your Future Energy Costs Before Buying a Home in Springfield, IL

Estimating your future energy costs

Whether you're buying your first home in Springfield IL, or you're upgrading to a larger one, estimating your newly acquired monthly expenses is a must. A major player in those bills will be the cost of your utilities. Unfortunately, if you're unprepared for a possible hike in your future energy payments, the monthly budget you approximated may get thrown out the window, which can leave you struggling to pay your other expenses. To avoid this mishap, we've provided you with ways to estimate your future utility bills, so you are properly prepared for all possible expenditures.

Inspect the Home for Areas of Energy Inefficiencies

As you walk through a home take a hard look at areas that may cause energy waste. Drafty front and back doors, poorly installed single-pane windows, old piping, and luxury fixtures such as a spa can be the cause of high utility bills. High maintenance landscaping or a pool can also result in a spike in your monthly expenses.

Past Energy Bills

As you get closer to making a final decision on a particular home, you should ask to view the property's utility records for the past year. Having your real estate agent make an inquiry to the homeowner's agent is the best way to request such information. Once you get your hands on the data, you'll have a better understanding of your potential energy expenses. While the current owner's bills are a good indication of what to expect, you must also take into consideration the varying weather patterns that occur each year and how your energy use may differ from the previous occupants use.

Get a HERS Evaluation

According to the Residential Energy Services Network, the home energy rating system (HERS) is “a miles-per-gallon (MPG) sticker for houses, giving prospective buyers and homeowners an insight as to how the home ranks in terms of energy efficiency.” Hiring a certified HERS auditor can help you discover areas in a home that are considered trouble spots for energy loss and they can provide you with ideas on how to improve on a home's energy use. Home sellers can also have their home evaluated by a HERS specialist before placing it on the market as a way to attract potential buyers. If you're looking to hire a home energy rating expert, you can use the find a professional tool provided on resnet.us.

If you're looking to purchase a home in Springfield, IL or in one of the surrounding areas, please contact us today and we'll be happy to assist you.

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