Cove Real Estate



Posted by Cove Real Estate on 1/1/2016

LED light bulbsIt is probable that electric rates will rise soon, again. Let’s explore some ways to help lower your utility bill. First, change your light bulbs to LEDs. These bulbs cost a bit more, but in the long run, they will save you money, using less wattage and last a very long time. If you have a lot of lights, you may want to buy these bulbs over time. But read on. If you have light company, such as National Grid, call them and ask for an energy audit of your home. They will send someone out who will do a walk through to determine how your home can be made more energy efficient. Some states, such as Massachusetts, have companies who will replace all your light bulbs with LEDs for no cost. Also, they may offer you a discounted rate to upgrade the insulation in the attic and other energy-sapping places that will save you money in heating and lighting. Check these suggestions out—it will be good for your wallet, as well as saving the environment. It’s the responsible thing to do, and will save you money, overall.





Posted by Cove Real Estate on 10/23/2015

Having a baby can be a very expensive venture. A 2012 report from the U.S. Department of Agriculture says raising a child from birth through age 17 will cost a typical middle-income family a whopping $235,000. That is a lot of money so it is important to plan for your financial future, prepare for your new baby and protect your growing family. Here are some tips to get you and your family on the right track: 1. Purchase life insurance. You will need life insurance to protect your family. It is not as expensive as you think and you will get better rates when you're young. Talk to your life insurance company about what amount of insurance you will need to protect your family. 2. Start planning for college. It may seems years away but you need to start college planning right away. According to the College Board, the average cost of tuition and fees for the 2011-12 school year was $8,244 for a public college and $28,500 for a private one, 3. Update your will. If you have a will you will need to update it and appoint a guardian for your child. If you do not gave a will now is the time to get one. 4. Prepare your baby budget. Babies are expensive, from diapers to child care you will need to look at how your baby will affect everyday expenses. Go to the store and price out diapers and other baby items, consider if you will be living on one income or paying for child care, this will help you figure out if you need to cut spending to afford your new baby. 5. Use a flexible spending account. If your employer offers a flexible spending account, you may be able to use it to pay up to $5,000 in child-care expenses a year. You can also use flexible spending account for health care costs. Money in a flexible spending account is exempt from income taxes. While having a baby is expensive it is also exciting. It may also be a time when you are considering a housing change.





Posted by Cove Real Estate on 7/17/2015

College can cost a fortune and saving for your child's education can seem like a daunting task. The sooner you start saving for college, the better and easier it will be in the long run. Here are some tips to help you get started: Start small-Starting small is better than not starting at all. Try to find small ways to save. It may be as simple as not buying coffee out, packing a lunch, or buying store brands at the grocery store. Make saving automatic-If you don't have to think about saving it might be easier. Set up an automatic payroll deduction or electronic bank transfer to direct money into your college savings account. If you don't see the money, chances are, you won't miss it. Don't wait-There is no time like the present to start saving. Even if you can only save a little, remember that every little bit helps.





Posted by Cove Real Estate on 7/3/2015

Everything green is all the rage, and recently there has been an increased demand for green homes. Some experts estimate a projected demand  of a $100 billion sub-market by 2016. In 2011, green homes made up roughly 17 percent of the market and are expected to reach two out of five homes by 2016. The list of reasons to buy a green home is extensive. Green homes are friendly to the environment. Consumers also believe that green homes will have better value in the future. Green homes may cost a little more to build now but have shown to save money in energy efficiency over time. According to a survey conducted by McGraw-Hill Construction, ninety percent of homeowners surveyed said energy efficiency is important because of personal values, and because of lower energy bills. They also cited other factors like indoor air quality, material durability, use of post-consumer materials and sustainability-focused waste management practices. Consumers may also be able to save money on their mortgage or receive a federal tax credit for buying a green home or doing eco-friendly home improvements. For certain efficient home improvements, you can receive a federal tax credit equal to 30‰ with a cap at $1500 for the purchase of energy efficient technologies such as

  • Water Heaters
  • Furnaces
  • Boilers
  • Heat Pumps
  • Air Conditioners
  • Insulation
  • Windows
  • Doors
  • Roofs
  • Stoves that use qualified Biomass Fuel
 




Categories: Money Saving Tips  


Posted by Cove Real Estate on 6/5/2015

Making daily choices to help conserve water is a win win. Reducing the amount of water used in your home will help protect our world's natural resource and save you money at the same time. Best of all, most of the ways to save are either free or very inexpensive, and will save you hundreds of dollars every year. Here are some water saving tips that are friendly to both your wallet and the environment: Turn off the faucets. Don't run the water while you are shaving, shampooing your hair, washing dishes, or brushing your teeth. Did you know turning off the water while brushing your teeth can save you over 25 gallons of water every month? Fill up the sink when doing the dishes. Put soap on one side and rinse water on the other side of the sink or use a plastic rinse bin. This will save you gallons of water every time you clean. If you use a dishwasher, always run full loads. Don’t do laundry unless you have to. Always run a full load in the washing machine. You can also reuse towels to save on filing up the laundry basket. Don't use the toilet as a wastebasket. Every time you flush a bug, tissue or trash down the toilet you waste five to seven gallons of water. Bring your car to the car wash. Commercial car washes often use recycled water. Cover pools, spas, and hot tubs when not in use. This will help prevent evaporation of water. If you must water your lawn make sure to do it early in the day so you don't lose water to evaporation. Mulch your plants. Placing mulch around your plants will help keep them retain moisture. Water conservation will have you saving money on your utility bill and also prevents water pollution in nearby lakes, rivers and local watersheds.