Why it matters
Maintenance isn’t just about fixing things when they break — it’s about protecting your investment, keeping tenants happy, and staying compliant.
Many new landlords underestimate ongoing costs, but a realistic maintenance plan can make the difference between steady income and unexpected bills.
How much to budget
A good rule of thumb is to set aside around 1% of your property’s value each year for upkeep and repairs.
In the UK, annual maintenance costs typically range between £1,300 and £2,800 per property, though this varies with property type, age and location.
What affects maintenance costs
- Property age & condition: Older homes with worn roofs or plumbing will cost more to maintain.
- Location: Labour and materials are often pricier in urban areas.
- Quality of work: Skilled, qualified tradespeople may charge more, but save money long term.
- Tenant care: Tenants who report issues early and treat the home well help prevent costly repairs.
- Preventative work: Regular servicing and small fixes keep bigger problems at bay.
Typical costs to expect
- Boiler service: £80–£150 a year
- Boiler replacement: £1,500–£4,000
- Roof repairs: £200–£1,000; full replacement £5,000+
- Gas Safety Certificate: ~£80
- Electrical EICR: ~£175
- Redecoration (2-bed DIY): ~£400
- Gutter clean: £100–£150
- Chimney sweep: ~£80
Lorne’s advice
- Plan ahead: Treat maintenance as part of your annual costs, not a surprise.
- Service regularly: Annual safety checks prevent major breakdowns.
- Act early: A small fix today avoids a big bill tomorrow.
- Use trusted people: Reliable, qualified trades save stress and protect your reputation.
- Keep a fund: Maintain a dedicated reserve for unexpected issues.
Wrap-up
Maintenance isn’t a burden – it’s good business. By budgeting realistically and working with the right people, you’ll protect your property, keep your tenants comfortable and secure a better long-term return.
