A home is a wonderful innovation. When it rains, the home keeps the water out. When the wind blows, within its walls the air is still. When the summer heat is fierce enough to see the scorching blacktop radiate the sun’s energy and bend the horizon into waves of blistering heat over its surface, inside a proper home the air is cool. Maintaining proper housing and protection from the external environment is crucial to human well-being.
Most homes provide adequate protection from the elements and are very comfortable for our day-to-day lives. Recently, it has become more popular to retrofit foreclosure homes in Chicago with even better insulation, tighter seals and more energy-efficient appliances. It turns out that a professional home energy auditor will be able to save homeowners money on their utility bills.
This savings in monthly bills is then reflected back on home values. A home that costs less money to maintain comfortably, every month, will sell for more on the market. How much more? Resnet.us estimates that, “For every $1 decrease in annual energy costs, the market value of a home increases by $20, according to a study published in the Appraisal Journal.”
After the home is retrofitted, the home value will increase and become less expensive to maintain. Saving money while increasing value? This is a win-win proposition.