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

getmore4less

You can still ask them for advice, for a lot of parents this can soften the blow of one of the kids flying the nest.

You probably also have the space and vehicles to start collecting things on the cheap for your new place.

Don't underestimate how many things you will need to get,

beds,sofa,tables,wardrobes, etc.

freecycle and the local papers over a few months should get you most of these.

kbrownmini

getmore4less wrote: »

You can still ask them for advice, for a lot of parents this can soften the blow of one of the kids flying the nest.

You probably also have the space and vehicles to start collecting things on the cheap for your new place.

Don't underestimate how many things you will need to get,

beds,sofa,tables,wardrobes, etc.

freecycle and the local papers over a few months should get you most of these.

yer true
luckily over last couple of years I have redecorate my room
and paid for my own stuff
which i can take with me like nic sofa chair
2 book cases
bed
chest of draws etc
and next door neighbour chucked out a fairly new washing machine
cos it has a broken clip
luckily partners dad is a washing machine engineer
so we are getting there.

Also my parent are moving to france and they are guna leave me what they dont take with them as the house is already partly furnished out there!

I feel quite lucky really

wb x

Kavanne

elec 35
gas 47
water 20
phone 15
internet 24
tv license 12

council tax (around £110) depending on bnd - can't comment obviously

Also £21 a month contents insurance
Buildings is £200 per year we pay this as a one off so save up

Er...that's it I think
Oh and you will need life insurance AT LEAST for the mortgage amount. I pay £23 per month for that and OH £25 per month.

paulsad

For me don't underestimate gas/electric mine come in at a shocking £200 pm even though there are only now 2 of us in a victorian 3 bed semi (we moved here a year ago with 2 sons still at home & now they have moved out) - now making as many savings as poss. Don't go direct debit till you've settled in for a few months and get a proper idea of monthly useage (thats what I am still doing).
If you just a couple I'd advise a water meter - you can save this way.

Monthly
House and contents ins £26
TV Lic. £12
Rates £138
Cable tv/phone £35

This is without any personal insuraces (we pay £34) you may want or mobile tels/bband although I currently use a usb stick at £15pm - I might now change to cable for only an extra £10 extra a month.

Good Luck in your new home when you get there

jay3_2

The water meter is a great idea.

Our elec is £60 pcm, and that's for a 4-bed detached house, with elec oven, fridge freezer etc. Invest in some energy saving light bulbs - the supermarkets are practically giving these away at the moment.

If you can manage it at all, put a few quid away each month for general maintenance - things have a habit of breaking down all at once (plumbing/heating/roof tiles etc) and it pays to have a bit of cash in reserve for this type of thing.

All the best for your new home!

ellersb

You can always ask the vendors when you're viewing?
I (also sad) keep a spreadsheet with all the 'house account' transactions which I keep a copy of, so if they ask, they can keep it and take it into consideration.
Remember that water (I think - ours is anyway) and council tax is split into 10 months, not 12. So, e.g. our council tax is 1370, so we have 10 months of 137.