How much does a house extension cost in Dublin?

While there are a number of elements that can influence the cost of a house extension in Dublin, the most significant thing to consider is the extension’s size. This is because the project’s size (which is usually measured in square feet) is directly proportional to the total cost.

When deciding on the size of your extension, there may be planning policy problems to consider. Your architect will be able to tell you the maximum size that is likely to be allowed under authorized development laws (if applicable) or through a planning application for your property.

We can begin estimating costs using some common square metre rates after you know the required size of your extension. All of the pricing listed below are for construction only and were last updated in 2019. VAT and professional costs are not included.

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The expense of extending your home is:

  • Single story – In Dublin, a single story extension costs between €2,000 and €3,000 per square meter (€185 and €280 per square foot). Finishes and goods that cost €2,000 per sqm would be considered cost-effective. You may expect to pay between €1,200 and €1,500 per square metre (€110 and €140 per square foot) elsewhere in the Dublin. Add 50 to 60% to the guideline price of a single storey extension to get a rough estimate of the cost of a two-story extension.
  • Two story- additions save money because just one set of foundations is needed, for example. Two-story expansions can be more difficult to obtain planning approval for.
  • Basement – A basement is more expensive due to the complexity and risk of construction. In Dublin, a basement extension costs between €4,000 and €5,000 per square meter (€370 and €465 per square foot).

What is the purpose of the extension?

Many people seek to extend their homes to incorporate a kitchen or a bathroom. When compared to additional bedrooms or living spaces, these will automatically raise the entire cost.

  • Kitchens – If you want to include a kitchen in your extension, plan on spending an extra €15,000 to €40,000. A low to mid-range design, complete with units and some appliances, will normally cost €15,000.
  • Bathrooms – The cost of adding a bathroom will range from €5,000 to €10,000. The cost will rise as the quality of the fixtures and fittings improves.

Fees for a house extension consultant

The cost of all professional services will typically be 15% to 20% of the total construction cost:

Architect

Architects are frequently the first point of contact for a project, and they are a wise investment. They’ll take care of the important aspects of the project, such as design and obtaining planning approval.

There are other costs

Planning

The charge for submitting a planning application for a house extension is €206. Some house additions may not require planning permission since they come under the Permitted Development category. In this instance, applying for a Lawful Development Certificate, which indicates that the work does not require planning, is still recommended. This is especially significant if you intend to sell the property after the renovations are completed. A potential buyer is likely to want evidence that the works are legal.

Insurance

Many homeowner’s insurance policies do not protect you while construction is underway. This could make you accountable if there is any structural damage as a result of the modifications. As a result, it’s critical to tell your insurers before starting work, and you may need to get a separate coverage for your peace of mind while construction is underway. Non-negligence insurance, for example, can help to cover you in the event that your extension causes structural damage to your neighbor.

VAT

Extensions are normally subject to the full VAT rate, which is presently 20%. There are a few projects where the VAT rate will be altered. Any property that has been vacant for more than two years, for example, may be eligible for a 5% VAT reduction.

Request advice from your architect to help you understand the cost of VAT for your house extension. Architects will be aware of the various tariffs and whether you qualify for a discount.

Costs of major items

Doors and windows

Windows are costly; in general, the larger the window, the higher the cost per square metre of the unit. The quantity of glazing you want, the amount of insulation you want, and the style and installation of the window will all effect the price of the window.

Doors are an additional cost, especially if you want huge sliding patio doors or bi-folding doors, for example. However, the amount of light in your property may greatly improve your enjoyment of it, and the flexibility to open up living spaces to gardens can drastically change how spaces are used throughout the summer months.

Heating is provided through central heating

Your boiler and central heating system may not be able to cope with the extra rooms and space depending on the size of your extension. To accommodate the extra space, you may need to improve your system or add a second heating system to the property.

Constraints of the location

If there are any concerns with the extension’s location, the cost will almost certainly rise. For example, the soil type may necessitate the use of more expensive building materials.

Trees, drainage, plumbing, steel work, gas meters, sheds, conservatories, and fuse boxes may all need to be moved, which may add to your extension costs. If you’re working on a listed building or a property in a conservation area, you’ll need to budget more for costs and construction.

Specifications in general

The level of customization you desire to achieve will influence the cost of your house extension. You can choose from basic, off-the-shelf items and high-end luxuries. Finishes such as tiling, paint, wallpaper, and flooring can have a big impact on the price.

Lighting and electronics add to the expense of a home, especially if smart home systems for heating, energy, and audio and visual control are necessary.

External work and finishing touches

Consider the expense of external work such as garden landscaping as well as the reconstruction of pathways and driveways. To finish the areas internally, you may need interior design services.

Costs of a house extension expressed as a percentage

The following example will give you a fair sense of all the things you need to examine and how much you should be spending on each:

  • The cost of builders, materials, and construction: 60%
  • 10% for the architect (15 percent on top of the construction cost)
  • Other consultants account for 5% of the total
  • Permission and administration for planning: 1%
  • Agreements on party walls: 3%
  • The cost of insurance is 1%
  • VAT is charged at a rate of 20%

What role may an architect have in budgeting?

A qualified architect should be able to point out the majority of the concerns that could effect the cost of your extension’s construction. They might be able to suggest cost-cutting alternatives or give recommendations on where the effort and costs should be focused. Most architects will be able to identify any prospective difficulties before they emerge, which could boost your budget unexpectedly, by examining your property and having a complete understanding.

Property Investment in Cyprus in 2021

With today’s uncertainty, many investors are searching for possibilities to create a stable, continuous, and consistent source of income rather than merely generating a quick profit. This might be a difficult start if you are unfamiliar with the conditions of the numerous markets available. Cyprus, one of the world’s most popular tourist destinations due to its breathtaking beauty, is a strong candidate for property investment. Not only does it provide financial benefit, but it also provides aesthetic appeal and a really comfortable and satisfied existence. It makes Cyprus property investment an excellent choice.

Quality Home Developers in Cyprus – Your Trusted Partner

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Continue reading to find out why now is an excellent time to invest in Cyprus.

Why Invest in Cyprus Property Now?

  1. Property Demand Is Low
    The year 2020 was a difficult one for businesses all across the world. The same was true for Cyprus’s real estate market. This country, which caters to the wealthy due to its luxury ambience, had reduced demand in 2020 compared to 2019. With global events and a worldwide epidemic, this is reasonable. It is crucial to highlight, however, that real estate markets are progressively regaining their footing.

Despite the decline in real estate investment, according to PwC’s ‘Cyprus Real Estate Market – Year in Review 2020′ (which provides insights into the general behavior of the Cyprus economy and presents key real estate market developments), the Real Estate and Construction sector remains one of the key pillars of the Cyprus economy, accounting for 17 percent of the Cyprus Gross Value Add. This illustrates the durability of the Cyprus market and its overall relevance to the Cypriot economy.

Investing in a property in Cyprus may not be such a smart idea in the future, as demand may begin to rise again, increasing the value of houses. By investing now in 2021, one will pay less money and should see a return in no time.

  1. Extensive Rental Income
    Because rental returns are still strong, now is the time to acquire a property and rent it out. According to statistics, monthly rentals for residential properties increased by double digits in 2019 according to the Global Property Guide. In certain regions, house rentals climbed by 12%, while apartment rental yields grew by up to 14.4%. Investing now and preparing the property for rent might be a source of significant and consistent income.
  2. Property Investment Incentives
    Because demand is lower than it was previously, with Brexit and travel limitations being the primary causes, developers are providing excellent incentives to investors in order to maximise their return on investment. Now is the ideal moment to take advantage of not just cheaper costs, but also these incredible benefits. Take, for example, Minthis Hills. A five-star development on a beautiful golf course. The developer may give anybody we organise a virtual viewing trip to a complete VAT refund as well as a free property maintenance service – no costs to pay – for a period of ten years. They will also organise your rents so that it is a stress-free property investment with high potential profits.
  3. Low rate of crime
    Cyprus is a favourite holiday destination for many people. As a result, there is continual surveillance on the country’s crime situation. The incidence of violent crime in this nation is lower than in much of Europe, giving it a safe refuge for outsiders to live, explore, and invest. Furthermore, a 1.2 percent crime rate, as recorded in 2018, assures that your investment will be safe in the long run.

5th. Tourism Center

The country is a prominent tourist destination. According to data, the number of tourists in 2018 was about 3,449,000,000.00, representing a 5.35 percent rise over the previous year. Although tourism fell last year in 2020 due to travel restrictions, Cyprus will remain a popular tourist destination for many nations once travel restrictions are lifted.

The country’s tourist industry contributes significantly to economic growth. With the release of vaccinations and the epidemic slowing down, travel will presumably resume shortly, implying that the government will make a large amount of income from tourists. Investing now would be an excellent opportunity to capitalise on the impending tourism boom. We can organise virtual viewing tours to learn more about some of the best Cyprus property investment options available right now.

Investment necessitates extensive study and preparation. Before entering any market, a little forethought is usually prudent. For all of the reasons stated above, it is no wonder that Cyprus is one of the hottest investment destinations right now.

Where should you purchase your Cyprus property investment?

Southern Cyprus is a popular tourist location for a variety of reasons. Paphos or Ayia Napa are great tourist destinations. There are numerous fantastic golf courses on the island, including Minthis, Aphrodite’s Hills, and Venus Rock. City flats or marina properties, as well as village townhouses or villas by the sea or in the mountains, are all appealing investment options. There is so much to select from, and we are delighted to assist you in locating the best investment for you. We deal with a variety of prominent developers and agencies, and because we are not an agency ourselves, we can provide an unbiased opinion on the greatest possibilities available to meet your investment needs.