Flat Maintenance Budget

publication date: Jul 7, 2011
 | 
author/source: Kate Faulkner, Designs on Property and Author of Which? Property Books
Download

Setting a Maintenance Budget for a Flat

On most days we are answering your property questions for free on our forum.

Check out one of the latest questions we've answered:-

Q - I own an average sized two bed flat built around 1900 and in good condition, but I need to budget for maintenance that I need to put by each year, can you help?

A - With regards to budgeting for flats, most of the external works will be paid for through your service charges to the freeholder. The costs will therefore be ‘out of your control' to some extent, so it's essential in this case to find out what costs you'll be charged by the freeholder.

Typically external maintenance for flats happens every five to seven years, depending on the types of materials (wood windows for example, will need to be renovated more often, PVC could be a lot longer).

READ THE FULL ANSWER HERE

For more help on owning, buying or investing in a flat or leasehold property, read our other related articles:-


Also take a look at the following sections:-



FREE HELP FROM THE DESIGNS ON PROPERTY EXPERTS!

Got a first time buyer or property question? GET AN ANSWER! ASK US via our PROPERTY FORUM, email enquiries@designsonproperty.co.uk or call 0845 838 1763.

Buy our First Time Buyers' Pack - includes three month's FREE 1:1 support!

Buy our Buy to Let Property Pack - includes three month's FREE 1:1 support!

All property packs also come with a FREE Which? Property Book, written by Kate Faulkner.


Need help with a property problem? Have a question? Why not call Designs on Property on 01652 641 722 or Contact Us via email.
NALS Conference Chair 2016

Kate's Consumer Portal

Propertychecklists.co.uk

FREE Buy to Let eBooks

Download a copy of our
Buy to Let Show eBooks
for FREEsimply click on
the image below

Buy to Let Show - download our Buy to Let eBook for FREE