Get the Cash You Need to Invest in Home Savings
Last week, we talked about how lots of Dallas homeowners are choosing to reinvest in their homes, instead of trying to make a move during a slumping housing market.
Here’s the strategy: Invest now in value-boosting home upgrades like a new kitchen, patio, or pool. Sell later when the housing market recovers. Reap the benefits.
But there’s another cost-effective reason to invest in a home remodel: Green home renovations are a great way to boost long-term value, while lowering your month-to-month energy bills as well.
Utility bills soar during scorching summer like this one, but a green retrofit can help bring them back to earth. For example, consider the savings reaped by one of America’s famous buildings — as recently pointed out in an article by former president Bill Clinton:
Just look at the Empire State Building—I can see it from my office window. Our climate-change people worked on their retrofit project. They cleared off a whole floor for a small factory to change the heating and air conditioning, put in new lighting and insulation, and cut energy-efficient glass for the windows. Johnson Controls, the energy-service company overseeing the project, guaranteed the building owners their electricity usage would go down 38 percent—a massive saving, which will enable the costs of the retrofits to be recovered through lower utility bills in less than five years.
Of course, you probably won’t see the same savings as a 102-story tower built in 1931. But a green retrofit is still an excellent way to lower the long-term month-to-month costs of living in your home — and some retrofits could eventually end up paying for themselves.
You need cash to do this. At Texas Lending, we’re proud to offer the best rates on Dallas home equity loans and Dallas home refinance loans available anywhere. Get the cash you need to invest in your family’s future.