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E form again - Capital wants, what is reasonable?

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07 Sep 12 #354404 by esox11
Topic started by esox11
I moved out of the FMH at my S2BX''s insistance almost a year ago now. Lived with a relative and have now moved into a property i have been renovating for 2 years. I own 50% with my relative owning the other 50%.
It is pretty stark... little furniture, no tv, no insulation as yet, no doors as yet internally. My daughter is 17 and i obviously want it ok for her to stay over.
I dont know own a car as both are registered in her name.
So.. in addition to a car to the same value as hers, I would need..
Decoration / doors fitted / insulation fitted / An oven and hob/ a tv / flooring and carpets / curtains / general household decor.
is this warrented to go onto the form?

in addition how anbout luxuries to match those still in the FMH? Hifi / laptop / kitchen utensils / dish washer?

Not sure how far to go within the reasonable remit?

Thanks... AGAIN!

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10 Sep 12 #354934 by esox11
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Any experiences or advice welcomed?

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10 Sep 12 #354956 by dukey
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Its not capital wants, its reasonable needs, so you list things you need as a one off cost, a home a car, that stuff, your first need is a home, and all that goes with a home, doors are a requirement and so is a telly, tot it all up to a single number.

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10 Sep 12 #354965 by esox11
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So a break down is not required?
Thanks Dukey. As ever a font of knowledge.

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10 Sep 12 #354972 by dukey
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You would right your housing need is £xxxxxxx, what you would not write is capital needs is

A shell £xxxxxxx
6 doors bla bla
Plumbing bla bla

You can if you like include a breakdown in the back of form E marked with your initials and Capital needs.

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10 Sep 12 #355001 by esox11
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Big thanks again Dukey. Selecting an amount will be difficult.

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10 Sep 12 #355021 by Elphie
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Selecting a figure - could you not look up how much a similar sized house goes for? Contents - what figure were your contents insured for when you lived in the former marital home? This will give you some quick figures to work with. Although, I never put contents on my form E, just house and car.

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