Insulation is important, no matter what season it is. It separates the indoor air from the outdoor air, keeping a building at an ideal and comfortable temperature.
Even though insulation is one of the most important features in making a home habitable, many people may not realize that, just like any other major feature or appliance, it needs to be updated after a certain amount of time. If your customers are making the common homeownership mistake of neglecting their insulation, offering a financing program at your business may encourage them to make these needed upgrades.
There are some warning signs homeowners might observe when the time to replace the insulation is near. Ask your customer about their energy bills; increases in cost might indicate there are drafty spots. If they are starting to find animals in their homes like mice or bats, suggest swapping out their old insulation. Not only is the insulation likely ineffective, but these critters probably also made their homes in the walls, leaving the insulation a mess.
"The age of a home can indicate when the insulation should be replaced."
The age of a home can also indicate when the insulation should be replaced, Angie's List noted.
"Any house that is more than 10 years old may not be up to today's standards that the U.S. Department of Energy has come up with [with regards to insulation]," Michael Arick, owner of Arick & Sons Insulation & Roofing in Ohio, said according to Angie's List. "Unless the house was recently built, the majority of the houses aren't properly insulated. Once you have the proper amount, you'll never need to do it again."
There are several different types of insulation a family can choose from, and costs vary between the options. Fiberglass batts will likely be your least expensive offering. These cost between $0.64 and $1.19 per square foot, plus about $150 to $300 for labor costs, according to Home Advisor.
Blown-in insulation is another cost-effective option, as $500 should buy a homeowner enough to meet the needs of a 1,500 square foot home. Labor will typically cost about $1,000 or more for this style of insulation.
Other options include:
Your customers might consider installing insulation themselves. Explain the benefits of having this highly important home improvement project done by the pros. You know how to seek out problem areas; how to handle the insulation properly; and how to ensure the job is done right the first time - something they might not notice until they get their first energy bill after the project is completed.
While it might be pricey to replace the insulation of a home, the energy efficiency of the home is sure to increase because of it, leading to savings down the road. For instance, spray foam insulation done correctly can reduce a homeowner's energy bills by $500 each year.
However, savings down the road don't always make a major home improvement job more affordable today.
You can help your customers mitigate this obstacle by offering financing. A program that will allow them to spread the cost of the project out over time will help them make regular payments on the new insulation without ruining their household budget. To learn about how you can offer financing to your customers, reach out to Aqua Finance.