“Your house is a ticking timebomb of maintenance costs!” says insurance company

WARNING over YOUR home: Almost one in five are maintenance ‘timebombs’ this winter

ALMOST one in five homes are maintenance ‘timebombs’ as the winter months approach according to a new survey.

Leaking roofs, broken boilers, blocked guttering, blown electrics and rising damp are only a taster of the problems hitting owners in the pocket as they strive to keep their home in good condition.

In fact, for 18 per cent, owners of 3.2m properties, their dream home has turned into a maintenance nightmare which they lose sleep over, according to a new survey.

Source: Express, 8th November 2016

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With winter upon us, the Express took the time to highlight that our ailing and ageing homes are just one step away from a costly catastrophe as maintenance fees threaten to bite. The Express highlighted this on behalf of an insurance company:

Nearly half (48 per cent) of the 1,800 owners questioned by insurers LV= admit they do not have the knowledge or skills to do their own maintenance work around the house.

In fact, the Express highlighted this specifically on behalf of an insurance company who has launched a new ‘property MOT’ service, to help you identify what maintenance fees might be around the corner:

Selwyn Fernandes, of LV=, which has just launched a free online property MOT service, said: “Keeping up with home maintenance can be a tough and time-consuming job, so it’s understandable that many homeowners might ignore problems or put off important work.

“However, it’s important to keep on top of maintenance and ignoring problems in the home can lead to more serious issues developing and could jeopardise the validity of your home insurance.”