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Home maintenance costs estimated by Kirsty

(33 Posts)
sodapop Thu 04-Mar-21 15:29:22

I've already spent this year's allowance then, but as others said it does average out over the years.

Sara1954 Thu 04-Mar-21 15:23:57

I always have set projects planned each year, last year I had a lot going on, but because of the circumstances, they seemed to drag on all year.
This year we’re not going to do much. I know you have to keep on top of things, but I’m giving us a year off!
Kirsty’s estimate sounds about right to me.

Doodledog Thu 04-Mar-21 15:16:55

I wonder if she meant a figure averages over the course of a few years. I'd struggle to spend £2k every year, but as Casdon says, when something major is done it can cost far more than that, so it averages out.

Casdon Thu 04-Mar-21 15:14:24

But you have to replace windows, gutters, kitchens etc. as well, so although you can get away with not spending that amount for a few years, it catches up with you in the end. I’m in that position now, saving for window and door replacements, it costs a lot of money.

tanith Thu 04-Mar-21 15:04:36

Crikey if 1% is the level I’d be spending over4k per annum. I guess we’ve always taken care of the property so not much goes wrong. ?

tanith Thu 04-Mar-21 15:02:06

I don’t budget for repairs, last year I spent on 2 dripping taps and a toilet cistern repair which cost £95 and this year a new control panel for my boiler £130 so nowhere near Kirsty’s estimate.

Ellianne Thu 04-Mar-21 15:00:37

I heard her before say 1% of property value per year. So £200,000 property would equate to that figure of £2,000 spend each year then.

threexnanny Thu 04-Mar-21 14:45:31

I watched 'Love it or List it' last night and Kirsty said everyone should spend about £1500 to £2000 pa on upkeep of their home. She didn't say if that includes labour costs. We've spent about £800 so far this year on redecorating a room and replacing a garden fence - both DIY jobs. No idea how much more labour would have cost us.
What does everyone else think about that estimate, and do you budget for it or take it as it comes?