The average age of Eildon Housing's stock is 11 years. For the past 20 years Eildon has been developing new projects each year and as they reach 15 to 20 years old require to be modernised as basic components like heating systems and kitchen units need replacement. The cost of modernising the stock is met through our Major Repairs Reserve which is funded from tenants rents.

In order to ensure sufficient funds are available to replace components during the lifetime of each house, 10% of Eildon's stock is surveyed each year and feedback from these inspections are fed into our Life Cycle Costing model that estimates when each component in each house is likely to require replacement.

Eildon already has a cash reserve of over £4 million in its Major Repairs Fund which is increased each year by the amount needed to fund our long term commitments and requirements.