FSBO Jane

It’s a basic law of finance: save now, and you’ll have later. Indeed, putting off pleasure has become so ingrained in the minds of many people, it extends to home ownership.

By definition, luxury is something we can live without, something we can save for later. It’s not a need, so it falls into the category of want or don’t-have-to-have or, in an economy like ours, avoid-at-all-costs.

Yet, since I like to do away with preconceptions, not just in real estate but in every area, I’m here to break tradition with a new message: Some so-called luxury items are too important to overlook. In fact, when it comes to homes, some luxury items will actually pay their own way in returns, saving you money. Those are investments worth considering, whether you’re a saver or a spender or both.

1. Going green with lighting: Simply swapping out your current lights with fluorescent ones will use 66% less energy and last six to ten times longer. They’re also actually less expensive, and over time will add up to significant savings.

2. Replacing outdated appliances: conserving energy & costs, huge impact on overall appearance of a kitchen; old appliances can detract from value

3. Adding storm windows: Though pricey, storm windows are a money-saving luxury because they reduce air leaks and energy loss. Over time, they pay for themselves and then some.

4. Choosing an energy-efficient dehumidifier: According to Consumer Reports, a dehumidifier can account for $150 in energy every year. That’s why an efficient model (look for Energy Star) makes more sense, as it will be 10 to 40 percent more efficient.

Those are just a few I’ve seen to be valuable over the last few years. What about you? What luxuries would you recommend for saving money?