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The Pink Palace

The Pink Palace in Atlanta’s Buckhead area is a shining example of how beneficial it can be to remodel your home for energy efficiency. This famous 82-year-old home is a six-bedroom, stucco mansion that is definitely Old South. Recently, it has been under several renovations, including removing 18 layers of paint. The most notable improvement, though, is that it has now been fitted to use geothermal energy. According to Luxist, this transfer turned a $6,500-per-month energy bill into an affordable $150 a month bill. Now that, ladies and gentlemen, is efficiency.

Behold: One of the cheapest properties in America! Photo courtesy of The Bearing Group.

House Sold for a Dollar

There's not much you can buy for a dollar these days. But a single buck can buy a house in Detroit. And the home listed at that price still took 19 days to sell. What a fall from grace. The home sold for $65,000 in 2006 but was ransacked multiple times after falling into foreclosure. Looters stripped the siding, fencing, plumbing, copper wiring, hot water tank and furnace. When it was boarded up, thieves stole the boards. The bank was so desperate to unload the property they agreed to cover the sales commission, a portion of the buyers closing costs, back taxes and water bill, setting them back around $10,000. It's unclear what the buyer will do with the home as it requires major renovation and a way to prevent looters from stealing the improvements as they are installed.

Phantom Energy Drainers

Quick quiz. Which household appliance burns the most energy when not in use? According to this graphic, it's a plasma TV, costs owners $159.76 a year. That's a lot of money to waste. With electricity bills going up and up, more homeowners are becoming aware of these so-called "phantom" or "vampire" energy drains. For example, did you know that your computer is costing you $34 a year while it sits idling? It's estimated these drains cost U.S. consumers a total of $3 billion a year. The big takeaway from this information? Get a power strip and power down, or unplug your appliances and electronics when not in use.

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