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Baz Du Bois on the real cost of home maintenance

October 10, 2016 1 Comment

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The cost of maintaining a home should always be considered when buying a property, yet itโ€™s often forgotten about. As a general rule of thumb, expect to spend around 6 to 8% of the value of your home on maintenance over a 10-year period for houses and half that for units (due to levies and body corporate funds). Thatโ€™s around $30,000-to$40,000 for a home valued at $500,000, so it quickly adds up.

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Comparing house to human years, the first few years of a home’s life are similar to a newborn baby. In the beginning, all they do is eat, sleep and have their nappy changed. Everything runs smoothly โ€“ thereโ€™s no leaking taps or electrical issues and everyone who lives in the home takes very special care of it to make sure it stays that way.

Two years on and your new home is not so new anymore. Like a toddler, it has a few bumps and bruises – the walls are chipped, the interior need a repaint, floor coverings get tired, tap washers need replacing ย and then thereโ€™s the ongoing cost of white ant and pest control. Slowly, the home is starting to age and look a little worn.

Five years on, as your child starts their first day of school and gets a few coughs and colds so too does your home. Perhaps you called in a plumber to fix that persistent drip from a leaking tap in the bathroom, the dishwasher may have stopped working and the outside of your home needs a good scrub. The hot water system needs maintenance work, the eaves and gables require painting, a tree root has invaded the sewage pipes and if you havenโ€™t already, the walls are well overdue for a repaint and carpet need to be replaced.

When your child starts high school, the maintenance costs really start to add up. Itโ€™s time for a new kitchen ($15,0000) and bathroom reno ($10,000).ย From when you purchased the home, until now thatโ€™s over $1,000 a year you need to save!

As your teenager hits puberty, so too does your home โ€“ in a big way! There’s problems with sewerage, the gutter needs replacing and just like your teenagers bedroom the floors are a mess and the termites have moved in. If the budget allows, you also consider extending the living space as your not-so-little baby becomes more independent and when your teenager learns to drive, suddenly you need more parking space. Then, after about 40 years, the roof needs to be looked at.

So, as you can see maintaining a home is a very costly exercise. The early years wont set you back too much but after youโ€™ve been living in the property for a while it really starts to eat away at your budget. If you have a unit, thereโ€™s also strata levies to consider. On the positive, your home has probably increased in value and youโ€™re ready for a kitchen revamp!

Itโ€™s also worth noting that just like we exercise to look after our bodies, thereโ€™s plenty you can do to look after the health and wellbeing of your home. Oiling the front door and replacing the anode in the hot water system will more or less double its life.

It also pays to be prepared because getting caught out with a maintenance issue that becomes an emergency problem will definitely cost extra dollars. And think about how you can cover some maintenance issues when planning an extension or renovation, so you donโ€™t double up.

Little things that quickly add up and need to be considered when buying a home.

Read all Bazโ€™s articles, read more about Baz or ask him a question.

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One half of popular parenting podcast @wedonthavet One half of popular parenting podcast @wedonthavetimeforthis, turns out former Neighbours actor @gemma_peanut is even more multi-talented than we thought! Will you check out the joyful and colourful reno of her holiday home (and airbnb) @yo_caba_caba?!

Head over to the blog via link in bio to read all about why she went bold and full of pattern in this project, which is a stark contrast to her zen and neutral Northern Beaches abode.

There's also plenty of details about where things are from etc.

"Iโ€™m not an interior designer so I just chose what I liked and followed my gut. Ultimately this home has been an opportunity to explore my alter ego โ€“ it allowed me to do things that I wouldnโ€™t normally do.โ€

๐Ÿ“ท @tanikablair_photography 

#interiorsblog #interiorsaddict #theinteriorsaddict #jenbishop #gemmapeanut #wedonthavetimeforthis #parentingpodcast #parentingpodcasts #holidayhousesofinstagram #cabaritabeach #airbnbstyle #airbnbstyling #colourandpattern #wallpapergoals #patternedtiles #featuretiles #poolgoals #sparkjoy #yocabacaba #boldinteriors #funinteriors #colourfulkitchen
Not many friends in life fall into the unofficial Not many friends in life fall into the unofficial family category and they're a special gift. So ends three weeks with @danisteve81 who left her husband and son in the UK (I'm forever grateful they lent her to me!) to come and cheer me up and help me in the most practical ways after I spent Christmas and New Year in hospital. There were tears and I miss her so much already but how amazing to have had all that time together as adults. Such a rare treat and would never have happened without having been through something so challenging. Silver linings and all that. So many other friends have also been incredibly thoughtful and kind. There aren't many times I'd say this without cringing but I am 100% blessed!

I still cannot believe we have been friends since we were 12! 12! Are you still close with your childhood besties?
The renovation of this 80s beach shack @camillo_ho The renovation of this 80s beach shack @camillo_house is a work of art and while almost every surface was updated, the decision to keep the original slate floor was genius if you ask us. 

Owner @clarehillier__ says: "With its purple, pink, red and brown tones, the slate was the starting point for our interior palette."

Come and check out the before and afters via link in bio now and read the reno story. It's a real beauty.

And you can book it for your next holiday too!

Blair Smith Architecture @kateshanasy

#slatefloor #slatefloors #80shouse #80sbeauty #camillohouse #interiorsblog #interiorsblogger #interiorsaddict #theinteriorsaddict #jenbishop #realreno #holidayhousesofinstagram #morningtonpeninsulahomes #morningtonpeninsula #morningtonpeninsulasmallbusiness #blairgowrie #blairgowriebeach #airbnbstyle
Me and my boys ๐Ÿ’— Me and my boys ๐Ÿ’—
Just a couple of dorks who've been friends for thr Just a couple of dorks who've been friends for three decades going out for a child-free dinner ๐Ÿ’“๐Ÿ˜
Excuse me while I die of a cute attack ๐Ÿฅฐ @damia Excuse me while I die of a cute attack ๐Ÿฅฐ @damianfrancis 

This doesn't happen often these days!
Hello friends! Just thought I'd say hi. Two weeks Hello friends! Just thought I'd say hi. Two weeks since leaving hospital and I'm doing much better than I expected to be at this early stage. A long recovery road ahead but making progress in how much I can move my arm and although I drag myself through some days non-stop yawning, others I can go for a little walk or out for lunch before collapsing on the couch! I can now tie my own hair back and put on a real bra which is very exciting ๐Ÿคฃ Having my bestie here to help us with the boys, drive me places and just be brilliant positive company is the best thing I could have asked for not to mention the many Dinner Ladies vouchers from friends! Thanks for all your kind messages, cards, flowers, gifts and offers of help โค๏ธ
I definitely feel like a statistic now but hoping I definitely feel like a statistic now but hoping to raise some awareness off the back of my misfortune (and also very lucky escape).

@newsouthwaleshealth have just put out this warning about a rise in serious bacterial infections. iGAS (invasive group A streptococcus) is what caused my necrotising fasciitis and sepsis.

Apparently there's similar happening in VIC too.

It's extremely rare but very serious nonetheless so please have a read and be aware of symptoms. I've linked to the article from a button via my link in bio.

#interiorsaddict #jenbishop #necrotisingfasciitis #groupastrep #groupastreptococcus #sepsis
While new technologies continue to shape the inter While new technologies continue to shape the interior design scene, one that has been getting a fair bit of traction of late isย marble-look porcelain. A cheaper alternative to natural stone, the latest printed porcelain tile technology makes it difficult to distinguish from the real thing.

Founded by husband and wife duo Anton and Rita Bourtsev, Sydneyโ€™s @kaolintiles has a unique offering in this space with over 100 different marble-look tile designs in small and large formats.

More via link in bio now.

#porcelain #porcelaintile #porcelaintiles #largeformattiles #largeformattile #marblelooktiles #bathroomtrends2023 #interiorsaddict #theinteriorsaddict #heartyourhome #realrenovations #goldsink #brasssink #jenbishop #kaolin #kaolintiles #interiorsblog #interiorsblogger
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Comments

  1. AvatarBarry Du Bois says

    October 14, 2016 at 7:18 am

    Thanks for reading, I am happy to answer questions

    Reply

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