Renter’s Tip: How to Save for a Down Payment (Water Edition)

When looking to move out and finally purchase a home, you’re going to need a down payment, but, when already paying for rent, how can you save that much?

Whether you are responsible for the water bill, or your landlord covers the water but you are wise and want to conserve water, there are plenty of ways you can save on your utilities and decrease your carbon footprint. Maybe, some of your utility hacks are surprisingly creative and incredibly efficient. Water is a finite resource, so it’s important to save water wherever and whenever you can, even if you’re not paying for it yourself. Here are some ways which can save water and help you save up for a down payment.

Ways to Conserve Water

  1. Limit Your Water Usage

Long showers, running the water running while brushing your teeth, refilling the tub again and again: these are bad habits that are not only costing you money, but, are also a  huge waste of water. Water timers alert the user when they’ve had their fair share of water.

  1. Wash Wisely

If you are the proud owner of a dishwasher, make sure that you turn it on when loaded to capacity (not a glass before) and shut the water off when you are washing your pans and pots.

  1. Smart Toilet

While it may not connect to the internet, these “smart” toilets have two options when flushing. One uses much less water per flush which conserves water.

  1. Watch the Lawn

While a green lawn is something to behold, you don’t have to water your lawn every day. If you live in a rainy climate, you shouldn’t even be watering, as nature is taking care of that for you. Watering your lawn for about an hour every other day is all most lawns require.

Conserving water contributes to your savings. These savings may take a while, but you’ll have your down payment before you know it! Contact  Dean Rathbun when it comes time to finding the perfect plan of action to buy a home. We are happy to help you.