What’s your New Year’s resolution for this coming year? Instead of making the same pact year after year to lose weight or eat healthy, why not make a resolution you can live with? If you’re a property owner, consider making a commitment that can save you money and improve your quality of life over time. Here are some of our resolution suggestions for a prosperous New Year!
Get ahead on your mortgage
Have you ever thought about how much money you could save – and how much more quickly you could pay off your loan – if you were to put extra money toward your mortgage each month? If you were to make one extra mortgage payment a year, you could literally save yourself tens of thousands of dollars and shorten the amount of time you’re on the hook for those payments. Simply make a 1/12 payment more each month for a painless way to save big!
Challenge your property tax assessment
Has your equestrian property declined in value in recent years? If so, you could be saving money on your property taxes. Be sure to review your property tax bill and note the assessed value of your home. If you think the value is excessive, you can appeal. Visit your tax assessor’s website to find out how the process works in your area.
Review your homeowner’s insurance
Did you know that you may qualify for discounts on your homeowner’s insurance? If you’ve made any major repairs or improvements, you may be entitled to a discount. Contact your insurance company to make sure it has the most up-to-date information about your property. And if it won’t budge on the premium, consider shopping around for a new policy.
Audit your energy usage
Depending on where you live, you may qualify for a free energy audit. In some states, a nonprofit organization will visit you in your home free of charge to assess your energy usage and make recommendations about how you can save money. If that option is not available, you can hire a professional energy auditor. Even simple lifestyle changes, like switching to LED light bulbs or getting a programmable thermostat, can make a big difference in your monthly bill. You might consider installing a solar energy system on your house, barn, and even your pasture shelters! Government programs may offer rebates, tax credits, and even net metering.
Tackle home improvement projects
Has your equestrian property to-do list become a mile long? There’s no time like the present to begin tackling some of those improvement projects you’ve been putting off. Some of the projects worth doing include:
- Cleaning the tack room
- Cleaning all the seldom used tack
- Adding an alarm system
- Installing motion-detector lights on the exterior
- Installing rain barrels to catch and save rain water
Take time to enjoy your horses
It can be easy to get sidetracked by all the things you’d like to do for your property, but remember to set aside time to actually enjoy your space. Plan a party, invite friends over for a movie night, or simply sit on the porch and watch the sunset and your horses graze. You deserve to enjoy the time with your horse.
Compliments of Carol and Patti