Property: How much should you spend on your home's upkeep? | Mail Online
When times are hard, any expenditure can seem an indulgence. But if you’re considering whether or not to splash out on a new lighting scheme in the kitchen or dreaming of replacing your grottier-by-the-day shower with a stylish ‘wet room’ — then go for it.
Property experts recommend that householders should spend one per cent of the value of their home on improvements, per annum, in order to maintain its worth in the market place.
Given that the value of the average UK house stands at £162,109 (according to Land Registry figures), this translates into £1,621 to spend each year on maintenance.
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