The Federal Savings Bank, a Midwest based lender, knows that many of its recent mortgage applicants are currently remodeling their homes. Some of these applicants are environmentally conscious and frugal first-time home buyers looking into purchasing a smart thermostat. Smart thermostats are increasing in demand these days. These state-of-the-art devices provide numerous benefits, but the advantages all come down to reducing energy consumption and in turn, lowering monthly energy bills. First-time home buyer clients are encouraged to consider one of these devices to start saving from the beginning of home ownership.
These devices are more than programmable thermostats. With a traditional thermostat, one can turn the heating or cooling up or down, and with programmable versions, one can set the temperature to change depending on the time of day. What makes smart thermostats so unique is that they learn and adjust the temperature based on the owners’ habits and the characteristics of the house, as stated onuSwitch.com. Not only will the devices come to know when the temperature should be raised or decreased, but they also learn how long the house takes to heat up or cool down. This means they can begin to adjust the temperature in just the right amount of time so homeowners can feel the change when they should – not 15 minutes later.
These options also provide constant connectivity through an app. Owners merely need to download the app on their mobile devices, and they can check in to see how much energy their house is consuming and even turn the temperature up or down – all while they’re away from home. This was highlighted in an article published on January 9th titled “Keep your home warm and safe from your phone.”
With high-tech temperature control, homeowners can drastically lower the amount of energy they need to heat or cool their homes. The smart thermostats ensure air conditioning or heating systems aren’t on high when they don’t need to be, such as when people are cozy in bed or at work for the day. Drawing less energy is not only good for the planet, but it’s also excellent for owners’ wallets.
The U.S. Department of Energy said homeowners who keep their thermostats 10 to 15 degrees cooler in winter when they are sleeping or away from home can save 5-15 percent on their energy bills, whether or not they’re using a smart thermostat to adjust the temperature.
First-time home buyers should contact the Federal Savings Bank, a veteran owned bank, to learn more about low mortgage rates.