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Homeowners over 50 'neglect maintenance problems'
Property owners over the age of 50 are increasingly ignoring problems concerning the maintenance of their home.
Research from insurance provider Saga has found that 39 per cent of people in this age group have jobs in the house they have not finished.
The total cost of these maintenance problems could be more than £900 million, the insurance provider revealed, and many homeowners are concerned about the cost of getting them mended.
Indeed, 35 per cent stated that they do not have enough cash to get them repaired, while 38 per cent said they were not confident enough to mend the problems themselves.
Chief executive of Saga Services Roger Ramsden said: "The double whammy of a lack of confidence in their skills and income pressures means that the over 50s are not resolving essential problems around the home."
He added that if the problems are not looked at, "today's nasty niggles could lead to tomorrow's homes from hell".
This comes after Saga recently revealed that the quality of life for those over the age of 50 is falling in its Saga Quarterly Report, partly as a result of the increasing cost of living.
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Research from insurance provider Saga has found that 39 per cent of people in this age group have jobs in the house they have not finished.
The total cost of these maintenance problems could be more than £900 million, the insurance provider revealed, and many homeowners are concerned about the cost of getting them mended.
Indeed, 35 per cent stated that they do not have enough cash to get them repaired, while 38 per cent said they were not confident enough to mend the problems themselves.
Chief executive of Saga Services Roger Ramsden said: "The double whammy of a lack of confidence in their skills and income pressures means that the over 50s are not resolving essential problems around the home."
He added that if the problems are not looked at, "today's nasty niggles could lead to tomorrow's homes from hell".
This comes after Saga recently revealed that the quality of life for those over the age of 50 is falling in its Saga Quarterly Report, partly as a result of the increasing cost of living.
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Published: 15/09/2011
The information in this article was correct at the time of publication and contains time sensitive data and links, it may not be accurate at the time of reading.