Homeownership is an exciting milestone—but it also comes with its share of surprises. From a leaky roof to a broken water heater, unexpected repairs can happen at any time. Creating an emergency savings fund specifically for home-related costs can protect your finances and give you peace of mind. Experts recommend setting aside 1-3% of your home's value each year for maintenance and repairs. Whether it's storm damage or an unforeseen plumbing issue, being financially prepared can reduce stress and help you act quickly when issues arise.
Buying a programmable thermostat, installing new windows, or using energy-efficient lightbulbs may be a big expense at the time, but these are a few ways that you can save long-term.
Upgrade to ENERGY STAR® appliances that use less energy and water.
Install low-flow showerheads and faucets to reduce water usage.
Add extra insulation to your attic or basement to improve heating and cooling efficiency.
Seal windows and doors to eliminate drafts and reduce energy waste.
Use smart power strips to prevent electronics from drawing power when not in use.
Replace your HVAC filters regularly to maintain system efficiency.
Switch to LED or CFL lightbulbs that last longer and consume less electricity.
Use ceiling fans to help circulate air and reduce reliance on heating or AC.
Consider solar panels or solar water heaters for renewable energy savings.
Install a smart irrigation system to reduce water waste in your lawn or garden.
Each of these upgrades may require an upfront investment but can lead to reduced utility bills, fewer maintenance issues, and a more comfortable living environment.
If your current home isn’t your forever home, it’s wise to think like a future seller. Stay on top of routine maintenance—clean gutters, service HVAC systems, and inspect your roof annually—to avoid major repairs down the road. Cosmetic updates such as fresh paint, modern fixtures, or updated landscaping can increase curb appeal and attract more buyers.
Need help financing home improvements? A Home Equity Loan or Home Equity Line of Credit (HELOC) can be a cost-effective way to borrow against the value of your home and fund necessary updates or repairs. These options typically offer lower interest rates than credit cards or personal loans and may provide tax advantages.*
Your home is more than just a place to live—it’s a long-term investment. Keeping it well-maintained, energy-efficient, and market-ready can protect that investment and help build equity over time. Whether you’re settling in for the long haul or planning your next move, smart financial planning and strategic upgrades will ensure your home serves you well for years to come.
A Home Equity Line of Credit (HELOC) from American Heritage Credit Union gives you flexible access to funds by borrowing against the equity in your home.
It’s a convenient and affordable way to finance home improvements, debt consolidation, major purchases, and more,
A Personal Loan from American Heritage Credit Union is a quick and affordable way to finance home projects, repairs, or unexpected emergencies without using your home as collateral.
A credit card is a convenient way to cover everyday home expenses, unexpected repairs, or upgrades.
With low rates, and card options, it’s a flexible tool to support your homeownership needs.
