Your home is your palace. The place that you come to after a hard day of work. It must therefore have all the possible creature comforts that can be expected in a modern abode. A flat screen LCD TV, an air conditioner, the latest Blu-Ray player and of course a completely kitted out kitchen for the family’s meals. All these amenities don’t come standard with your home, if they did you wouldn’t have to so carefully plan for the purchase of your next upgrade, or new home electronic device.

Here are a few ways by which you can ensure that your home does get the best possible electronics, without it costing you a fortune.

1) Shop online, use coupon codes: One of the benefits of shopping online is that you could save a fortune on your home electronics. Most online retailers offer better discounts on products, ship and install them for you and provide a comprehensive warranty and insurance scheme. What’s more you could easily use coupon codes to knock quite a bundle off an already discounted product. This way you don’t need to leave the comfort and privacy of your home and can save up to 35 percent on your appliance bills.

2) Refurbished over brand new: Refurbished factory seconds are just as good as new pieces available in showrooms, but they cost nearly 40 percent less. Secondly most refurbished appliance dealers offer the same comprehensive warranty you’d expect from a store or manufacturer, when you buy a new product or appliance.

3) Find an ‘open-box’ special: An open box special is just what the name suggests. While you’re browsing around the store for a product, the same product with a slightly damaged packaging, means a straight 10 to 20 percent discount. Most shop managers would offer you this amount without breaking a sweat. A word of caution, before you leave the store, make sure that you check the package for any missing cables or manuals.

4) Buy the previous generation: This is especially true in the case of cell phones, laptops, or gaming devices. Most manufacturers ‘upgrade’ their flagship devices every six months or so, leaving the previous generation of the same product, still relevant mind you, available for a sweet discount. Buying a device from one generation old device could be nearly 25 percent cheaper than opting for the latest device, which will anyway be obsolete in another 6 months.

5) Ask for a discount: If you’re in the market to purchase a new appliance, don’t hesitate to ask for a discount. Most stores do actually have a margin that they can offer as an incentive to customers. Don’t hesitate to use the very maligned phrase, “is this the best you can offer me today?” It may sound tacky, but it might end up saving you some money on appliances.

6) Ask for an extended warranty: Most home electronics come with a one-year manufacturer’s warranty. Most electronics retailers however offer an extension on the warranty in the form of an annual maintenance contract. This could translate into saving on service costs in the long run.

7) Buy energy efficient products: If you’re in the market for new air conditioners, always look for one with a higher energy rating. Granted that in the short run the AC will cost up to 20 percent more than one with a lower energy star rating, but the higher rated appliance will save you a significant amount in energy bills over the long term.

Your home deserves nothing but the best and following these simple tips will ensure that it does and that it will not cost you the earth.

Russell Marquis is a technology enthusiast and blogger who loves to review the latest products and make suggestions to readers on how to select the best possible gadgets for their particular needs.