Posted 17th May

Revealed: The top unexpected repairs faced by new homeowners

By KBBDaily on 17th May 2019 - 15:25pm
kitchen, bathroom, money guru, survey, repair, new, homeowner, brit, replace, kbb, kbbdaily

A new survey by Money Guru has found that new kitchens and bathrooms are among the top five household repairs that homeowners have to, sometimes, unexpectedly pay out for when they buy a new house.

Close to 20% had to repair or replace the kitchen when they moved into their new home at an average cost of £8,000, while 17% had to spend around £4,500 – including furniture and installation – for a new bathroom.

The survey found that a quarter of UK homeowners spent at least £5,000 on the first repair in their new home, while 31% said they spent between £1,000 and £5,000 while only 17% could say their first repair expense was under £100.

Less than a quarter of UK homeowners are able to regularly save £50 each month to cover unexpected household repairs. Two-thirds of those questioned said they used their existing savings to pay for a home repair, while 14% added to the mortgage and 10% took out a loan.

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