Home maintenance costs estimated by Kirsty

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

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.

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.

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.

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. ?

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.

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.