10 Hidden Homeowner Costs — and How to Slash Them

1. Utility bills

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Zillow estimates that homeowners in the top 35 U.S. markets pay, on average, about $2,300 to $4,600 a year for utilities, depending on where they live.

There are substantial steps you can take to lower your utility bills, though. They include:

  • Making sure your home is properly insulated.
  • Reducing your use of electricity and water.
  • Using smart appliances, programmable thermostats and smart power strips.

Just upgrading to smart power strips can save you up to $100 a year, according to the U.S. Department of Energy.

For more ideas, check out “8 Ways to Cut Your Summer Cooling Costs.”

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