When thinking about the cost of buying a property many people will forget to include the costs of maintaining the property. Maintenance costs are annual costs, which will soon add up throughout the year, and should be one of the first things you think about when buying property.
There are many different maintenance costs that you will need to take into consideration, including plumbing, AC servicing, cleaning, insurance and many more. It can cost you up to Dh100,000 a year for maintenance for your property each year.
Annual Maintenance Contract
If you are worried about costs soon stacking up from having to get numerous repairs done to your property, then an annual maintenance contract might be something you’d want to consider. This will give you unlimited access to not only emergency maintenance services but also plumbing, electrical works, AC cleaning and servicing as well as windows and door inspections on a biannual basis. This will be able to give you peace of mind when it comes to being able to get maintenance work done on your property.
The cost of an annual maintenance contract will cost you between Dh1,500 and Dh6,000 a year depending on what amenities are included in the contract.
Repairs and Replacements
Anything in your property could go wrong at anytime, which is why it is a good idea to set aside some money to one side just in case something goes wrong. A good amount to start with is Dh2,500, you can then grow this amount each month so you have a bigger pot to take money from when something goes wrong.
Keeping a well-presented luscious garden in the middle of a desert can be a difficult and expensive task. The average one-off cost for starting your garden, which includes planting grass, trees, flowers and setting up an irrigation system can cost around Dh5,000. For annual garden maintenance it can cost you around Dh3,000 to Dh4,000 a year.
Not everyone will have to deal with maintaining swimming pools, although those who are lucky enough to have a swimming pool in their back garden will see maintenance costs of up to Dh4,000 a year. This cost will include cleaning, chemicals, pump maintenance and backwashing.
For regular part-time cleaning services you are looking at an annual cost of around Dh30,000 a year. For thorough deep cleaning and sanitation treatments once a year it will cost you approximately Dh2,000 to Dh3,000 a year, this price will depend on the size of your property. To get rid of dirt and allergens from difficult-to-clean areas you will be paying around Dh3,450 a year for this service.
Water Tank Maintenance
Keeping your water tank clean and maintained is one of the most vital things to remember. You will use the water from your water tank on a daily basis on many different essentials including, cleaning, washing and drinking. Having uncleaned water can result in a number of different health problems. To avoid this, you should have your water tank cleaned and maintained at the very least once a year. This cost can range between Dh500 and Dh1,000 per unit.
With Dubai being hot and humid it can attract a whole host of unwanted pests, including ants, cockroaches and bedbugs. Calling pest control out at least twice a year should be enough to keep pests away, with each call out costing around Dh500 each time. If you know that your property is prone to pests then looking into an annual pests contract might be something to think about, this service will cost between Dh1,500 to Dh2,000.
There are a number of other costs you should think about when buying a property including utility bills.
Whether you rent or own your property you will still use running water, electricity and have a telephone connection, meaning that you will need to pay utility bills. On average you will be paying around Dh30,000 to DEWA each year on housing and utility fees. For TV and Internet privileges you will be paying between Dh3,000 to Dh5,000 every year.