Personally, I think you have to balance nitrates and kH. Do a water change if nitrates are over 20 (not possible for those wirh nitrate in the water though) or do a water change when kH drops to avoid a pH swing. I normally do 10% a month for my tanks, but they're essentially filterless still ponds, except for the goldfish one, lol.
Waiting until some test shows a problem is not a good way to maintain an aquarium. That is why several of us are recommending significant weekly (regular) water changes; this actual stabilizes the biological system preventing such issues, and prevention is always preferable to reaction.
If nitrate is only occurring within the tank (not in the source water) and it is say 10 ppm, and by the end of a week or two weeks it has risen, you have a problem. This does affect the fish. Yes, they will usually live through it (some species would not), but that does not mean they are not being impacted; they are. My nitrate is in the 0 to 5 ppm range in all my eight tanks, and it never rises and hasn't for over 20 years now. I don't test it often because I know there is no need; when I do it is always in this range. And I always test prior to the weekly water change so I see what occurs over the seven days since the last. Same with pH.
If KH is an issue, and assuming you have fish that this impacts, then you need to be doing something permanent to buffer the GH and KH. The KH in all my tanks is zero and always has been, but I have wild caught soft water fish that need zero GH and an acidic pH. I have never had pH issues either, though it stabilizes at different levels in different tanks. Maintaining fish requiring harder water and a basic pH above 7 is a different story.