How much could a disastrous New Years Eve party cost?

How much could a disastrous New Years Eve party cost?

The latest research by online estate agent eMoov.co.uk reveals the sizable bill that could amount to a minimum of £1,062 on top of your pre-planned party budget of £480, if things do not go as planned when hosting a New Year’s Eve gathering.

Before the champagne pops, there is a certain amount of planning involved for hosting the celebration of the year; most importantly, a budget. The obvious costs associated with a party of such grandeur include: an outfit (£100), drinks (£100), snacks (£50), decorations (£30) and a DJ to keep the mood going (£200). But what hosts do not realise when they invite people into their home are the additional expenses that can be incurred on top of this already hefty party cost.

On the flip side, below are the number of unwanted and unforeseen costs accumulated from a party can more than triple the initial budget. The simplest cost: breakage. This can range in price depending on the damage, but can build up an extensive bill and this is only the beginning. It is £175 to fix a broken lock, £175 to fix a broken banister and £114 to fix a single broken window. Any broken furniture or ornaments can increase the price drastically, subject to what is broken and if it needs to be replaced. Electronics will hike that bill up.

In the unfortunate situation that a new set of bedding is required, a basic replacement will cost £158. Hiring a plumber to unblock a toilet has a price tag of £80 and carpet cleaners start at £55. There is also a range when it comes to hiring landscaping professionals to fix damaged gardens, the bill will come to £105 for three hours.


A noise complaint from neighbours can lead to a ticket, which if it goes unanswered, could have a fine costing between £50-£5,000. The legal implications from there can spiral out of control. Finally, stolen goods are priceless. This cost can be both financial and emotional, and puts a damper on the whole evening and the new year.

The majority of these costs are paying for the tradesman’s time. The materials are inexpensive, but most of these jobs required a skilled worker and that costs money. In addition, a fine for noise, which starts at £50, could jump to a £5,000 fine or an Anti-Social Behaviour charge, if the noise persists after a warning. Although such extreme measures are only used in severe cases, it must be noted that both the fines and the charges are left to the discretion of the police.

When the clock strikes midnight and a fresh year begins, you do not want to be worrying about the extortionate cost that you could be paying off the entire year because of things going sour at your house party.

Russell Quirk, founder and CEO of eMoov.co.uk, had this to say: “Parties are great fun, and it is amazing to ring in the new year with a bunch of friends in one room. But when it comes to all the things that could go wrong, a party seems less appealing when there are plenty of venues to host such an event.

I hope that both hosts and partygoers are mindful when they go out this New Year’s Eve, and that damage costs are minimal.”

Join our mailing list:

Leave a comment



Latest Comments

Christian Donovan
Christian Donovan 18 Aug 2017

The write-down on house values, combined with the fall in the GBP saddled the fund?s property portfolio with a 1.4% loss in the second quarter. The shocking amount of $240 million.

view article
Samantha Goodman
Samantha Goodman 11 Aug 2017

Interesting point of view.

view article
Samantha Goodman
Samantha Goodman 11 Aug 2017

It depends on the people, some older adults decide to make a long-distance move in order to live closer to their children or settle in a place with a lower cost of living.

view article
brandonlee10
brandonlee10 24 Jul 2017

The financial ramifications of the triggering of Article 50, the starting gun for Britain's departure from the EU, are far from clear. Buyers will be most cautious in London, given that buying a home in...

view article
IrisJ.
IrisJ. 19 Jul 2017

Great advice, but may I also add that when buying an already built home, make sure you do all of the proper inspections. Most importantly pest inspection because people tend to get surprised when they

view article
IrisJ.
IrisJ. 17 Jul 2017

The third point is, in my opinion, the most important one. People have become too inconsiderate and careless when it comes to rented properties. If a landlord wants to protect their property, regular visits...

view article
cornishalan
cornishalan 10 Jul 2017

Added to the cost of purchasing these village properties are the above average maintenance costs. Particularly where the property is a listed building or requires specialist building skills such as thatching...

view article
Jo Mullett
Jo Mullett 07 Jul 2017

Here in Swansea, known as the Japanese knotweed capital of the UK, it never fails to amazes me that people have no idea of the potential problems this invasive non-native plant can cause when buying or...

view article
NathanG
NathanG 05 Jul 2017

McDonalds, for example, have been purchasing their real estate on prime locations for years. If something happens to the company they'll have invaluable assets that will be able to save them. We might

view article
Jonah
Jonah 04 Jul 2017

Graham: surprised to see you cite the "extra tax liability" as capping out at ?560. It doesn't - the extra tax is exponential, as it is levied on the income (i.e the inflating level of rental income you...

view article
Dianne Griffen
Dianne Griffen 29 Jun 2017

Be very wary of anyone bringing you deals that they have ?found? and want to ?sell on to you? or ?joint venture? with you on ? you need a proper legal contract for this, involve a RICs surveyor to confirm...

view article
jason hadzikostas
jason hadzikostas 28 Jun 2017

The most important thing is a budget. Students have to manage their spendings in food, house maintenance, books and many other things. According to me, student Studios are the perfect option for them as...

view article

Related stories

More articles from Household