Hi All,
My GF is currently looking at purchasing a house. She is keen to buy a country property or certainly something old and probably listed rather than a new or recently built place.
In my experiance as a dec i know having worked on quite a few big buildings and old ones that maintanence can be quite high and the more switched on buyers understand that its not the price tag but price tag plus annual costs that they must consider. Its all very well being able to buy a property but maintaining it can be a struggle.
So i'm wondering if there is anyway of estimating annual costs perhaps by taking a percentage of the properties value on a yearly basis. This would be after any initial costs and improvements are made following purchase.
I realise this is a bit of a 'how long is a piece of string question' but i'd be interested if there is a rough guide or formula and thanks in advance for any replies
My GF is currently looking at purchasing a house. She is keen to buy a country property or certainly something old and probably listed rather than a new or recently built place.
In my experiance as a dec i know having worked on quite a few big buildings and old ones that maintanence can be quite high and the more switched on buyers understand that its not the price tag but price tag plus annual costs that they must consider. Its all very well being able to buy a property but maintaining it can be a struggle.
So i'm wondering if there is anyway of estimating annual costs perhaps by taking a percentage of the properties value on a yearly basis. This would be after any initial costs and improvements are made following purchase.
I realise this is a bit of a 'how long is a piece of string question' but i'd be interested if there is a rough guide or formula and thanks in advance for any replies