Posted on: 9 January 2017
One of the biggest things to keep in mind when you are trying to buy a new house is that your mortgage is probably going to end up being one of your biggest expenses every month, so it only makes sense to try and find ways to earn or save some extra money to offset the mortgage. Listed below are two home features to look for when shopping around for a new house that can be used to save you money every month or create a new income stream.
One of the best features to consider in a new home when you are trying to find a way to save or make money is solar panels. The primary reason behind this is that solar panels can produce a portion of the power that your home needs, which means that you are not going to be spending as much money every month on your power bills. This is especially useful in the summer when there is a good chance that your solar panels can provide enough power to offset the increase in power usage due to how often you are going to need to have your air-conditioner on.
However, where solar panels truly shine is by being able to make you money if they produce more power than your home is actually capable of using. In that scenario, the excess power will be sent back to the power company in your area. When the power company receives that extra power, they will often be required to pay you for the power that you provided.
Space To Grow
Another home feature to look for that can help you make a bit of money is space to grow. Sure, it might be tempting to get a smaller home in order to save a bit of money, but this is going to limit your earning potential.
If you live in an area that has a college or university, you can consider getting a larger home that will have rooms or areas that you can convert into apartments that you can rent to the students in your area. In many cases, you may be able to get enough money to pay for a large portion of your mortgage, if not the entire mortgage. In addition, buying a home that has extra space to grow will make your home a little bit easier to sell in the future due to being able to appeal to those prospective homebuyers that may have larger families. The extra square footage will also help you to be able to demand a higher price when trying to sell your home.
Contact a real estate agent today in order to discuss what you are looking for in a home and how he or she may be able to help you find a home that can save or make you money. Solar panels and extra space are both features to consider if you want a home that can help you set aside a bit of extra money for your savings or that can supplement your household income.Share