The Real Cost of Building a Home in Ireland: What You Need to Know

What Are the Costs?

Building a new home is a dream for many, but the rising costs in Ireland make it an increasingly complex undertaking. Recent insights from the Society of Chartered Surveyors Ireland (SCSI) and the Department of Housing reveal significant differences in building expenses depending on location, developer practices, and procurement models. For homeowners, understanding these figures is essential, particularly when navigating insurance or planning a rebuild.


The cost of constructing a new home varies widely. National averages place the price at €318,365 for homes built by local authorities, compared to €397,000 for private developments. In the Greater Dublin Area (GDA), costs escalate further to €392,975 for local authority builds and €461,000 for private builds.


Key Drivers of Cost


Several factors influence these figures:

  • Hard Construction Costs: Materials and labor account for €224,730 nationally and €257,645 in the GDA for private builds.
  • Site Costs: Land acquisition adds approximately €70,000 per home in the GDA.
  • Developer Margins: Profits of €53,864 per home are factored into private builds, reflecting the high-risk nature of speculative development.
  • Inflation: Rising prices for construction materials, labor shortages, and limited sector capacity have driven up costs by 50% since 2017.


Rebuilding vs. New Builds


While these figures shed light on the cost of new builds, rebuilding a home often involves additional complexities such as demolition, access restrictions, and structural support for neighboring properties. For homeowners dealing with property damage, rebuilding costs can exceed those of a new build.


Navigating Insurance Challenges


At Property Damage Loss Assessors (PDLA), we understand that homeowners often underestimate rebuilding costs, leading to underinsurance. This can leave you financially exposed if your property is damaged. Using tools like the SCSI Rebuild Guide, we help you:

  • Accurately calculate rebuilding costs.
  • Ensure you have sufficient insurance coverage.
  • Advocate on your behalf during claims to secure fair settlements.


Protect Your Investment


Whether you're building a new home or rebuilding after a disaster, being informed about the true costs is crucial. At PDLA, we provide expert advice and representation to ensure your property is protected, and your financial interests are secure.

Contact us today to learn more about how we can assist you with insurance claims, rebuild assessments, and more.

Navigating Storm Damage Claims on Your Irish Property

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Storm Damage Claims: Professional Assistance for Effective Insurance Settlement

By james Armitage • January 9, 2025
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Understanding and Addressing Water Leak Damage to Homes: A Year-Round Concern

By james Armitage • July 9, 2024
Water leak damage is a significant issue for homeowners, occurring not only during winter but throughout the year. From burst pipes during cold snaps to leaks from ageing plumbing systems or faulty appliances, water damage can lead to extensive and costly repairs. At PDLA, we understand the complexities and challenges involved in managing water leak damage and are here to help you protect your property. Identifying Water Leak Damage Water leak damage can manifest in various ways, some of which are immediately visible, while others may be hidden and more insidious. Key indicators include: Visible Water Stains : Brown or yellow stains on walls and ceilings. Damp or Musty Odours : Persistent damp smells can indicate hidden leaks. Mould Growth : Mould thrives in moist environments and can appear on walls, ceilings, or floors. Increased Water Bills : A sudden spike in your water bill may suggest a hidden leak. Warped Flooring : Wooden floors may buckle or warp due to prolonged exposure to moisture. Preventing Water Leak Damage Proactive maintenance and regular inspections are essential to prevent water leaks. Here are some steps to safeguard your home: Regular Inspections : Check pipes, hoses, and faucets for signs of wear and tear. Proper Insulation : Insulate exposed pipes, especially in unheated areas like attics or basements, to prevent freezing. Monitor Appliances : Regularly inspect appliances like washing machines, dishwashers, and water heaters for leaks. Install Leak Detectors : Place water leak detectors in high-risk areas to receive early alerts of potential leaks. Steps to Take When a Water Leak Occurs Turn Off the Water Supply : Quickly turn off the main water valve to prevent further damage. Document the Damage : Take photos and videos of the affected areas to support your insurance claim. Remove Excess Water : Use mops, buckets, and wet/dry vacuums to remove standing water. Dry Out Affected Areas : Use fans and dehumidifiers to thoroughly dry the area and prevent mould growth. Call a Professional : Contact a professional water damage restoration company to assess and repair the damage properly Handling Insurance Claims Dealing with insurance claims can be overwhelming. PDLA offers expert assistance to ensure your claim is handled efficiently: Professional Assessment : We conduct a thorough inspection to identify all damage, including hidden issues. Documentation : Our team helps you document the damage accurately for your insurance claim. Negotiation : We negotiate with your insurance company to maximise your settlement. Comprehensive Support : From emergency repairs to securing alternative accommodation, we provide complete claims management services. The Importance of Professional Help Water damage can have long-term consequences if not addressed correctly. Our team at PDLA specialises in water damage claims, ensuring that all aspects of the damage are properly identified and repaired. We work diligently to protect your interests and ensure you receive a fair settlement from your insurance company. Contact PDLA for Expert Assistance  Don’t let water leak damage disrupt your life or property. Contact PDLA today for professional and dedicated assistance with your water damage insurance claim. Our expertise and commitment to client satisfaction will help you navigate the complexities of water damage restoration and insurance claims, providing peace of mind and ensuring your home is restored to its pre-damage condition. Water leak damage is a serious issue that can occur any time of the year. By taking proactive measures and seeking professional help when needed, you can protect your home and mitigate the impact of water damage. At PDLA, we are here to support you every step of the way.