RENTAL OWNERS in Brighton spend more on annual maintenance than any other UK city.
You can expect to pay £1,433.35 each year for maintenance and repairs – 32 per cent more than the national average.
And 40.1 percent of landlords said they attempt to do repairs themselves, citing either time constraints or money savings.
But nearly a fifth said they regretted it.
Towergate Insurance’s Alison Wild, who conducted the research, said: “There’s no legal obligation to have landlord insurance, but it’s a great way to avoid financial risk in the future and gives you peace of mind.
“Landlord insurance protects you as a landlord against financial losses in connection with the rental such as theft, fire or weather damage and can be extended to include loss of rent, for example.”
The insurance company also said that while DIY repairs may be okay for chipping paint or old carpet, they may not be as inexpensive as it first seems.
Paying for a professional handyman can save you money in the long run and avoid additional costs when repairs are needed, it said.
The average amount landlords spend on maintenance in the UK is £1,088 per year.
https://www.theargus.co.uk/news/22450684.brighton-expensive-city-landlord/?ref=rss Brighton is the most expensive city to rent out