If you’re a first-time homeowner, you likely have a list of renovations. Address these three areas in your first year: Your appliances Insulation, and Landscaping Appliances with the Energy-Star rating can save you on your utilities. According to one study, one energy-efficient machine can save you $50 a year. Check your insulation. If you have an attic, check for gaps, and fill in where needed. This can make you more energy-efficient, leading to more savings. In most cases, insulation pays for itself. Lastly, evaluate your landscape. If you can, plant trees in your yard. This can cut your energy expenses, and boost your home’s value.