Elderflower
Registered User
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- 22
Being realistic, it is probably a stretch too far for you. Asking is 625k but it could easily sell above that price at 650-700kOption 2.
Fixer upper, asking 625K for 3 bed --> barely livable and needs work. A lot of potential. Our dream location.
This is also a concern, when you have no practical experience of what is needed then it is really difficult to estimate how much it would cost or the potential for hidden costs to arise through the renovation.- We have no experience or know where to start with this type of project
It all depends on what you are comfortable living with. If the house is really not fit to live in today, then are you prepared for purchasing above the asking price and renovations that could easily run past €200k?Are we mad to consider the Fixer upper, are we pushing it on our salaries at this purchase price. Fearing it will be a money pitt for the rest of our lives.
Electric Ireland say that their retrofits under the scheme are averaging €56k gross, €30k net of grants. Unless there is something out of the ordinary about this house, then it's a good enough guide.I don't think a superficial renovation of €50-100k is going to be enough. And if you take on a deep retrofit to avail of SEAI grants then you are likely commiting to a spend headind towards €200k.
That info is out of date and probably a little disingenuous in how much grant aid is applicable to every retrofitElectric Ireland say that their retrofits under the scheme are averaging €56k gross, €30k net of grants
Items excluded from costs: Painting. Tiling, decorating, all builders works, fit out, and works not relating to grant works (unless specifically included).
This I agree with, which is why the OP should be looking at option 1. Option 2 could be a potential money pit with very little to show for itbut if you're looking at spending €200k on fitting out a ~600k house without a significant extension, you'd probably be better off looking elsewhere.
The One Stop Shop scheme only launched this year so it's not that out of date.That info is out of date and probably a little disingenuous in how much grant aid is applicable to every retrofit
That article really only speaks to two peoples's experience, the first complicated by microbore plumbing and stone wall construction. That is quite atypical of housing here so should not serve as a guide to most. The second a house that could get to A2 for €38k.The article above has a realistic figure of €65k gross, ~€50k net grants but that comes with a +/-15%. The article is 7 months old so the quote is probably >9 months since they discuss getting work completed before March.
Yes it is...the article uses the same figures you have quoted from EI. The article pre-dates the One-stop shop so those figures existed before a single one stop shop was completed. They can't be average figures for the one stop shop.The One Stop Shop scheme only launched this year so it's not that out of date.
How about this one?The main problem I'd have with using that article as a reference though is that it pre-dates the current grant scheme so the figures are out of date. The first example who received €14k in grants but current rates for the work mentioned is €23k
Regardless, a retrofit of a typical 3-bed fixer-upper is never going to come close to €200k
Have another look, they're not the same figures!Yes it is...the article uses the same figures you have quoted from EI. The article pre-dates the One-stop shop so those figures existed before a single one stop shop was completed. They can't be average figures for the one stop shop.
That also seems to be in the same ballpark of €65k for a retrofit, but if €27k on upstairs bathrooms and 25k on kitchen fittings is typical, how much would you pay for a high end job?How about this one?
Electric Ireland say that their retrofits under the scheme are averaging €56k gross, €30k net of grants.
EI Superhomes said:Costs range from €25,000 for a typical house built since 2000 to €75,000 or more for older, larger or more complex homes...
The average cost of an Electric Ireland Superhomes retrofit is €56,000 gross, but reduces to circa €30,000 net of grants
They are using the same gross figures based on work predating the OSS. EI have just upped the grant figure and conveniently haven't changed what a typical gross figure would be. Their gross figures are well out of dateIT said:Superhomes says costs typically can range from €25,000 for a smaller home built since 2000 to over €70,000 for older, larger homes, while its average retrofit is €56,000 gross, or €37,000 net of grants.
That also seems to be in the same ballpark of €65k for a retrofit
Have another look yourself Leo, its €65k net of grants so the gross works would have been in the €90k regionRetrofit via SEAI registered firm - net cost will be about 70k (full external wrap, new windows throughout, doors, attic reinsulation, new heating systems\rads\heat pump etc).
(Later updated to €65k net of grants)
Of course its a bit high but if you are using 2-3 year old links for typical costs then more power to you.
Those are the rates they are currently quoting potential customers.They are using the same gross figures based on work predating the OSS. EI have just upped the grant figure and conveniently haven't changed what a typical gross figure would be. Their gross figures are well out of date
It's a lot more than a bit high, and 2022 isn't 2-3 years ago.Of course its a bit high but if you are using 2-3 year old links for typical costs then more power to you.
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