Having your own home isn’t cheap, but what’s the cost of running a home?
Everyone is trying to save money wherever possible. Martin Lewis’ site is so popular for this very reason. The population wants to save their pennies! However, cutting corners on your home could mean you lose out on money in the long run.
Sometimes it’s better to spend a little extra money each month or year. This means that later on, you’re not facing a huge bill, or home problems.
The cost of running a home is something you need to know before you invest. There’s the maintenance cost (including things like having your gutters cleared, and windows cleaned) too. So what is the cost of running a home?
Electricity is obviously something you need in your house. Think of all the electrical items you use, from the kettle, to the television, to the fridge and your electric toothbrush.
If you have a problem with your electrics, it’s best to get someone out as soon as possible. Don’t try and play around with it yourself to save money. Many people even make the mistake of getting a family member or friend to come in and sort out the electrics in their home.
While this might not turn into a problem for many people, if even the smallest mistake was made you could face electrical fires, shocks from using badly wired plugs, and even fatal injuries from electricity. When it comes to anything to do with your electrics, get a professional in. It’s worth the cost to keep you and your house safe.
Average monthly cost for electricity: £60
Plumbing might make you think mainly of water. But, it also includes gas work and your central heating.
Gas is another element that shouldn’t be messed around with by someone who isn’t qualified. Plumbing Force offer all different kinds of services, so whether you need a new boiler or some pipes repaired, you can rest assured that they can come and fix your problem professionally and at very reasonable prices. Much like electrics, it’s worth the cost to ensure everyone is safe.
Average monthly cost for gas and water: £80
You may think to yourself that home insurance is a waste of money because ‘it will never happen to you’. However, accidents cannot be predicted and no matter how careful you are, things can become broken, or accidents like fires or plumbing failures can happen.
If this occurs you’ll wish that you’d taken out that home insurance because you wouldn’t have to find a large amount of money in bulk. It’s also useful for any unexpected repairs like drain pipes too, so it’s definitely something to consider!
Average monthly cost of home insurance: £40
Finally, paying a bit of money to ensure that your home is properly secure could literally save your life and avoid any of your belongings being stolen. Security cameras and alarms can be there for extra piece of mind and will also alert the police if there is an intruder in your home. Consider having a security system installed so that you can rest assured that you and your family are safe.
While in life there’s always room to save money, these things are essentials that are required in your homes.