Period home-owners ‘spend equivalent of small mortgage’ on property maintenance

Period home-owners have spent an average of £19,213 maintaining and repairing their properties since 2022, a study has found. More than a fifth of British homeowners – 21% – live in period homes, defined as properties built before 1919. But they come at a cost, with maintenance averaging £686 a month – the equivalent of a small mortgage – according to research by property website Zoopla. Non-period property owners spent £8,496 on average since 2022, less than half the amount. Key costs for period home-owners include include external elements such as roofing and brickwork, as well as interior issues such as upgrading insulation and electrics, Zoopla said. Just over a fifth – 22% – of period home-owners said they did not realise how much it would cost to maintain their home, and a quarter regretted buying a property for this reason. Owners of homes from different periods also report different levels of satisfaction. About 30% of Georgian home owners regretted buying because costs have been more than expected, compared with 28% of Edwardian home-owners and a fifth of Victorian. Daniel Copley, consumer expert at Zoopla, said: “There’s no denying that period properties are characterful and high-quality, with plenty of elements...

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