Three Quarters Of Brits Don’t Spend Enough Money On Home Upkeep

Three quarters of Brits don’t spend enough money each year on home upkeep, new research has revealed. Experts claim that homeowners should spend the equivalent of 1% of their property value on its upkeep each year in order to maintain its worth, and with the average UK house price currently standing at £255,0002, Brits are recommended to spend around £2,550 a year refreshing their home. However, a recent study by ScS found that 75% of the nation spend less than this amount. In fact, more than half (56%) spend under £1,000 each year and one in six (17%) splash out less than £250. Read more on the Property Reporter website.

https://www.propertyreporter.co.uk/at-home/three-quarters-of-brits-dont-spend-enough-money-on-home-upkeep.html