How much does it cos to run a house? (first time buyer)

kbrownmini

Hi everyone
I'm new to the forum
so sorry if this is being posted in the wrong place.

Me and my partner are looking to buy a 2 bed house for 2 people
we are trying to work out how much it is going to cost to run per month??

elec ??
gas ??
water ??
phone ??
internet ??
tv license ??
mortgage £ 650-700
council tax (around £110) depending on bnd

AND anything else i have missed

any help would be grateful
as all the info I can find is quite old
and with all the markets chnging recently i want to get and idea

Thanks katie

princessamy86

TV license is about £135 from what I can remember, but there should be info available on their website.
Phone/internet: try a price comparison site this will be able to give you detailed info on price based on what you actually want from the package
Water: Mine costs us about £33 a month on direct debit, that's on rates not a meter (rough figures!!) there's 2 of us that live in my house

One thing you might have missed is insurance, if you buy a house you'll probably need to have buildings and contents insurance as a condition of your mortgage. Again price comparison website will be helpful.

If you're trying to work out an exact budget don't forget food, nights out etc! I think there's an article on this site which helps with what to budget for
http://www.moneysavingexpert.com/banking/Budget-planning that's a spreadsheet which should help you.

Can't remember how much my gas and electric is sorry! Hope it's helpful

kbrownmini

thanks yer that helps gives mea general idea
shame there arent any national statistcs anywhere to use
people like me who never really pay bills like this yet have no idea!
thanks katie

Running_Horse

I'm sad enough to keep an excel spreadsheet of all direct debits and the dates they are due, and print a copy to keep in my wallet.

Shopping, savings, mortgage, council tax, gas boiler cover, life insurance, gas & electric, TV licence, and washing machine rental, all come to £760 a month.

Obviously all those items will be different for you, and my wife covers the car, childminder, and half the shopping.

Sagz_2

This link might help you get some idea of costs, it's about right for my 4 bed house.

http://www.whatprice.co.uk/utilities/

or this one:

http://www.whatprice.co.uk/utilities/water-bills.html

princessamy86

Lol when I first moved out I was actually horrified by how much things cost! There's loadsa stuff on the site about how to get the best deals though, have a read through some of the articles and it will help you not to get stung. I found that really overestimating things for the first few months helpd as it meant I wasn't left really short when something cost more than I had first assumed. After about 3 months, I sat down with all my bills and worked out a proper budget so I know how much I can spend without my OH going hungry

kbrownmini

wow i like the what price site
gives you lots of averages exactly what i need
cant wait till they expand and have it for more stuff
any more posts all gratefull
thanks

bubblesmoney

apart from the bills already mentioned, dont forget to factor in change in car insurance amount because of new postcode. my present place was cheaper for car insurance and i got a refund!!!

but know others whose insurance premiums shot up after moving elsewhere.

travel bills might change as well as travel distance will be different and also roads might be slower and less motorway travel might imply more fuel bills. i get lesser milage now as travel through slower roads for work now rather than motorways after my house move.

someplaces there will be restricted parking and in some such places one will have to buy parking permits for visitors in advance from the council as only residents get free parking. even though i had provided such a visitors permit to one of my friends when he visited us when living elsewhere he got fined by the council wardens as when he displayed the permit on the dashboard, the validity date got accidentally hidden as got covered by something else on the dashboard and he had to pay 35£ fine inspite of me getting him the visitors permit. i used to live in a restricted parking zone in city centre.

if in london then do consider if you will fall within the congestion charging zone etc as this might affect your monthly travel bills if using the car

in the intial period while you are getting settled in new place, you might be busy painting / assembling furniture etc so might not be cooking and spending more on takeaways. factor this in.

setting up a new house can be an expensive business and i found that frequently money can go beyond the budget, which can be a shock when the CC bill arrives the following month

especially applicable if buying a new home because of the arrival of a little one. lil ones need a lot of money compared to their lil size :rotfl:

also dont forget to budget for house repairs as things can go wrong with appliances, taps, flush, boiler etc

plus factor in cost of life insurance / mortgage protection insurance / critical illness or any other similar insurance etc that you might need when buying a house

twinklekay

I have a 2 bed house in kent and here is roughly what pay. I do live on my own though

This is monthly

elec 20
gas 40
water 22
phone tv and internet 30
tv license 12
Life insurance & crit illness 20
Buildings and contents ins 30
Food and cleaning product shopping 100

Hope this helps

poppysarah

Somethings vary greatly. If you like the heating on all the time then heating bills will be higher.
What are the bills where you are currently living?

kbrownmini

poppysarah wrote: »

Somethings vary greatly. If you like the heating on all the time then heating bills will be higher.
What are the bills where you are currently living?

i am currently living with my parents
so just pay rent of £100 per month rather than bills
can you see why I am asking
plus cant really ask parents as we live on a farm to spend more than just a two bed house would

kt x