OUR REPORT OFFERS REAL SOLUTIONS

Our New Report On The Real Cost Of Which Vacant And Derelict Buildings Ca

As Ireland continues to deal with the challenges of an unprecedented housing crisis, much debate has focused on the significant number of vacant properties nationwide that could be refurbished to provide much-needed accommodation.

Our Real Cost of Renovation Report provides data-driven, evidence-based cost information and practical insights on the renovation of a selection of 20 vacant and derelict properties across the country to assist Government, State agencies, and potential homeowners and investors to understand the key challenges and opportunities in utilising existing properties for residential use. With the integration of cost modelling, I believe the findings of this report will also help dispel the myths and address widely held views across the country that lead to individuals and investors not undertaking refurbishment of derelict and vacant properties. Six of those case studies are featured in this edition of the Surveyors Journal

Opportunity

At a time when rents are at an all-time high, the majority of house prices are prohibitively expensive to the average buyer, high construction costs are challenging new housing development viability, and we are working towards carbon neutrality by 2050, it is imperative that a pragmatic approach is taken to ensure the viability of renovating current building stock for residential use. It will take time and a concerted effort by many to move the dial in relation to repurposing and renovation of units for residential accommodation. There are often a multitude of challenges facing building owners and investors in taking on such projects, and this report aims to highlight the practical, financial, and regulatory challenges involved. It also provides practical recommendations for policymakers on how these challenges can be overcome.

The importance of professional advice

While this report will be of benefit to those seeking general information on vacant property renovation, each property has unique characteristics and therefore professional advice should be sought before embarking on refurbishment projects. SCSI Chartered Surveyor members working acros placed to provide both technical and cost advice. For owners and prospective buyers navigating areas such as planning, fire certification, building regulations, planning regulations, financial/viability assessments, construction, and sales and rental market advice, this report will hopefully assis

I would like to thank all members and the wider stakeholder group who have contributed to this report. Your expertise and knowledge were invaluable in informing this research.

PRESIDENT’S MESSAGE

Kevin James SCSI President