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.
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