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Some types of electric fireplaces use more electricity than others. Models that produce 1,500 watts will have more of an effect on your heating bill than 750-watt models. 

Electric fireplaces use an average of $1.85 of electricity every eight hours. These minimal operational costs aren’t likely to make a big difference in your electric bill—unless you’re using it as a primary heating source for your home and it’s running most of the time.

The best way to save money on home heating oil is to get large deliveries in the summer months when the prices are lowest. However, this method will only work if you have a separate storage tank or an unusually large primary tank. You can sometimes save money by opting into a delivery contract, as some companies offer set prices that they believe will sit at the average cost over the contract term. If the price of oil rises, you could enjoy some savings, but keep in mind that you might also pay a bit more if the price decreases.

If you install LED bulbs, they will use much less energy than incandescent bulbs. LED light strips also use less power. Battery-operated puck lights use no electricity at all, but you will need to replace the batteries as needed. They are beneficial if your power goes out, too, as they will remain on as a light source. 

While parts of the appraisal are out of your control, there are some things you can do to potentially raise the home’s value. You can make necessary repairs and upgrades before the appraiser visits—an appraiser can only value what is currently part of the home, not its potential. You can also provide the appraiser with the cost of recent upgrades. The appraiser will likely increase the value of your home by about 50% or more of what you paid for those improvements.