In their enthusiasm for buying a home of their own, many home buyers ignore some of the so-called practicalities, in terms of overall costs, associated with home ownership! As a licensed real estate seller, in New York State, for over a decade, I always advise my clients and clients to hire a qualified home inspector and / or engineer before making such an important decision. After all, for most of us, our home equity represents our greatest financial asset, so doesn’t it make sense to start this process, wisely and prepared? Decisions and options related to power, heating and cooling, etc., are among the most important considerations, and with that in mind, this article will briefly attempt to examine, consider, review, and discuss 5 energy alternatives. .
1. Petroleum: In certain parts of the country, oil is the predominant resource and system used. This requires making arrangements for timely delivery, being prepared with a service contract, and trying to minimize the risk of price changes by agreeing with the delivery company on some type of risk and price reduction approach. While oil is usually energy efficient, effective, etc., some complain about the smell, dirt, etc., as well as the risk of deliveries arriving later than they should, and they are necessary / necessary!
2. Gas: In recent years, many homeowners have converted their heating system from oil to gas. Often the advantage of this is not having to wait for (automatic) deliveries, most consider them cleaner, etc. However, we have all heard about the potential for gas leaks etc so this needs to be taken into account as well. Also, there have been times when this approach is less expensive than oil heating.
3. Electric: Since all houses have electricity, this type of heating is often the easiest and, in some areas / regions, the only one available. In many cases, however, this form is drier, and some find it uncomfortable and require some type of additional moisture source. Also, depending on the region, electric heating is often quite expensive. However, an advantage of this source is that you can heat a room or area of the house, without the whole.
Four. Solar: In areas where a home has unobstructed southern exposure, solar power makes sense! The costs of these systems have been reduced, in recent years, and they have become more effective. Some states also offer tax advantages for installing these systems. Some use solar energy, for heating and hot water, while others, only for their water. Obviously, their operating costs are generally less expensive!
5. Geothermal: In some regions, geothermal systems, which are built, in a specific way, to take advantage of some of the natural resources, in the local area, make sense.
Pay attention to energy costs and possibilities, and decide which one might be best for you. Protect your investment!
