So a few weeks ago I talked (a lot!) about Jonathan and Drew Scott and the Scotiabank #GreenYourRoom contest.
Remember these two?
Why Green Renovations?
Why am I suddenly talking about eco-friendly renovations?
Well, a recent Scotiabank survey revealed that while two-thirds of Canadian homeowners would consider making their home more energy efficient or environmentally friendly by considering green home renovations, over half have trouble seeing past the perceived price tag…. David Stafford, Managing Director of Real Estate Secure Secured Lending at Scotiabank, says that “In actuality, a green home renovation is an investment that may provide significant cost savings over time as it can lower your monthly operating costs, while at the same time adding value to the purchase price of your home.”
By way of example, upgrading the insulation in your ceiling and exterior walls will help make your home more energy efficient, saving you money on heating and cooling bills. With that change you can be expected to save as much as 30 or 35%, which works out to about $540 or $630 in annual savings!
And while that may not equal an annual vacation, make a few additional upgrades and the annual savings could add up to a nice trip south, or, more money in the bank.
What Would I Do With $20,000?
So let’s say I was to enter the #GreenYourRoom contest and win…
Wait, let’s pause a second for a little celebratory hoot.
Okay, so what would I do with a $20,000 green renovation?
I think the first thing I would address in our house would be the windows (we already added in insulation, which has a higher return on investment – windows was our natural next eco-friendly choice). Currently they are old and quite frankly in need of either repair or replacement. I’m pretty sure we lose a lot of heat through them in the winter.
Bonus of replacing the windows – a nicer looking exterior.
Then, believe it or not, I think Dean and I would consider installing some solar panels on our back roof.
We have a backsplit and thus have basically two roofs that face south. The back one is the perfect spot to perch solar panels for some green energy. Ongoing greener energy and I don’t have to look at solar panels on the front of my house! Imagine the savings over traditional energy bills too!
And that would probably take care of the rest of the $20,000.
Wait, What About the Consult with Jonathan and Drew?
I haven’t forgotten this fun part!
If I had an hour, I would ask the boys about all things design and decor. Like I mentioned in my last post, I interviewed Jonathan and Drew over the phone and it was a riot (informative, but loads of fun too).
And I’d love to know what they’d do to our house!
Oh and don’t forget that Jonathan and Drew will be on social media chatting it up. Their next chat will be held on Thursday, June 26th at 2:00 p.m. and will cover tips for homeowners deciding to renovate or relocate. Bonus! The brothers are hosting two additional social media chats after this one, I’ll be sure to post the dates once they’re released. But, if you’re debating whether to renovate to make your home work or whether to sell and move to a different house, chime in to the June Twitter conversation, ask for the brother’s advice and get social!
Other topics will cover how to keep current in your “forever” home and the benefits of downsizing and multi-sizing – those guys have got answers for homeowners at every stage!
What Would YOU Do with $20,000?
So what would YOU do with $20,000 towards a green renovation? Windows and doors? Insulation? New appliances?
Tell me in the comments and then go and enter the Scotiabank #GreenYourRoom contest! For full contest rules and regs, visit scotiabank.com/greenyourroom
Who knows? You may just win!
This post is sponsored by Scotiabank.