Maintenance Costs
Unexpected home-repair and maintenance costs can take a toll on a household budget. The average homeowner in the U.K. spent £620 on home improvements and maintenance in 2008, according to Lloyds TSB, up from £565 in 2007. Whether you are a new owner or have lived in your home for years, it is a good idea to put aside some savings to cover maintenance costs and, in some cases, to invest in maintenance contracts or warranties for appliances that would be expensive to replace.
