The cost of owning your own home?

tomstickland

I live in a 1 bed flat and all heat and electricity costs me around £40 pcm averaged over the whole year.
Water is cheaper than £29 per month though.

LillyJ

missile wrote: »

Some over heat their homes and waste, some are more frugal.Your new house may have better insulation, double glazing, less draughts which may reduce your bills. However, I would suggest, your living costs are likely to be much the same as they are now.

Seems you have not even spoken to an independent nmorgage advisor? things may change. One thing for sure you will be paying a LOT more than

They may NOT be paying a LOT more for gas and electric - we lived in a 3 bed semi (with no DG, practically no insulation, only an immersion heater), and paid £28 elec and £32 gas per month, plus £30 a month water. So over all a few pounds a month more.

pickledpink

As a home-owner you'd possibly be legible for a council grant to insulate your roof. You may even get a grant for a new boiler (if needed).

Depending also on your circumstances the council may give you a grant to have your house rewired (if needed!).

It's also possible to get a grant for new double-glazing.

You'd be surprised how much the council will help home-owners to improve their homes if finances are tight.

PP

amtrakuk

I know the price of a combi boiler is about 20-30 a month. been through it myself. A £1200 boiler lasts typically 10 years, £500-600 will last about 5 - 6 years. So over 10 years 1200 / 10 = 120 a year or £10 a month.

Theres installation which could easily be another £1k so 1k/10 = 100 / 12 = £8.33 a month

Then you have your maintenance, about £10 a month? All in all thats £28 extra on your gas bill a month.