A Little Goes A Long Way
Everyone who owns a house has, at one time or another, felt that there is no end to the expenses. Terms like "money pit" are often heard from frustrated homeowners after finding out that the $50000 they just spent on renovations has only increased the value of their home by half of that amount.
Let's try to put things into perspective because not all expenses are created equal. For instance, the money that you put into heating your house is money you will never see again. And that bathroom renovation that you just had done may give you years of enjoyment, but if you decide to sell, you may only see a portion of that money return to your pocket. However, there are a few exceptions to the rule and according to a recent "Times Colonist" article topping up your insulation is one of those exceptions at 108% return on investment. That means that extra insulation will increase your home's value by more than it cost you to have it done. If you are not selling right away your return on investment will keep on giving through ongoing energy savings.
A well insulated house is not only great for your wallet, but it's also great for the environment. Cellulose is a recycled newspaper insulation product that not only puts old newspapers to good use, but also helps to protect the environment by lowering your energy footprint. This improvement can usually be done in less than a day.
Most of your home's heat loss (or gain in summer) transfers through your attic, so if you have a conventional attic space that is the most efficient place to boost your insulation's "R" value. In crawlspaces, over time gravity often causes fiberglass batts to dislodge, so replacing those batts saves you money at the same time as keeping your feet warm, and warm feet results in people lowering their thermostats. Retrofitting existing wall insulation does not have as big of a bang for your buck, but is still possible.
So rather than getting discouraged, consider investing in your home instead of throwing your hard earned money away on heating and cooling. Have a warm and cozy winter.