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The cost of rebuilding a house has risen 

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By John Healy of Healy Insurances

The average cost of rebuilding a house in Ireland has risen by an average of 21% over the past 12 months according to the most recent rebuilding guide issued by the Society of Chartered Surveyors Ireland (SCSI).

The causes for the continuing acceleration of costs are many and new challenges such as energy costs are adding to the issues.

The construction sector has battled shortages of materials, labour shortages and overall inflation in the wider economy. The war in Ukraine and the current energy crisis are going to have consequences on the cost of materials which in turn will feed into rebuilding costs as the winter progresses.

The end result of this turmoil is a huge increase in the cost of building. From an insurance perspective this is going to have far reaching consequences.

Your property should be insured for the reinstatement cost and not the market value; in other words the cost of rebuilding the house excluding the site value. Bear in mind that currently the rebuild cost could be higher than the market value.

The base rebuilding costs in the Kerry region are running at an average of €220 to €240 a square foot - or €2,435 per square metre for a four bed detached house of 119 square metres - in the most recently published guide.

The guide is based upon estate type houses built since the 1960s. The calculation should account for the most recent building regulations, professional fees, demolition costs and VAT, and should make provision for higher than average fittings, built-in wardrobes, fences, walls, and garages.

It is very important to note that “underinsurance” can have a serious effect on any future claims settlements. Most policies include an “Average Clause” which means in the event of “underinsurance” any claims settlement can be reduced in value in proportion to the degree of underinsurance. Where the Sum Insured is only 75% of the total reinstatement cost, you will receive 75% of the agreed cost of reinstatement, whether the claim is made for partial reinstatement or total loss.

I would recommend that you review your reinstatement sum insured sooner rather than later and continue to review during the year. In order to get a definitive individual reinstatement value on your house you should contact an independent qualified surveyor.

The rebuilding cost report and a rebuilding calculator can be found at www.scsi.ie.

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Muckross Rowing Club members on Irish teams for two major regattas

  Six members of Muckross Rowing Club will compete for Ireland in two upcoming international events. Rowing Ireland this week announced the Irish squads for the Coupe de la Jeunesse […]

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Six members of Muckross Rowing Club will compete for Ireland in two upcoming international events.

Rowing Ireland this week announced the Irish squads for the Coupe de la Jeunesse Regatta.

Daniel Fleming and Ian Coffey have both been selected for the Under 19 Irish squad to race at the Coupe de la Jeunesse Regatta for European junior rowers. The Coupe de la Jeunesse Regatta, involving 16 European countries, will be held over from over three days, August 9-11 in Racice, Czechia.

Four Under 23 university rowers from the Muckross club have also been selected as part of the Senior Irish squad for the Home International Regatta this month.

Niamh Coffey (University of Limerick), Patrick Buckley (University of Limerick), Finn O’Sullivan (University of Limerick) and Ethan O’Neill (University College Cork Rowing Club) will take on the ‘Triple Crown’ event of rowing, competing for Ireland against crews from England, Scotland and Wales.

The Home International Regatta will be held on Saturday, July 27 in Strathclyde, Scotland.

All six Muckross rowers have earned their green jerseys following a lengthy and testing trial series on land and water which began in Autumn 2023 and culminated in final water trials at the end of June.

“Muckross Rowing Club sends its best wishes to the very talented Muckross oarsmen and women and all their crewmates as they fly the flag for Ireland this summer. The talented group build on a successful record in the sport,” said club PRO Tim O’Shea.

Niamh Coffey is a multiple Irish and University Championship winner and has previously represented Ireland in the Under 23 European Championships.

In 2022, O’Neill rowed at Junior level at the Home International event and won a gold medal as part of the Irish quadruple scull crew in the 500m sprint event.

Both Buckley and O’Sullivan continue to compete at the highest level nationally with the University of Limerick Rowing Club,  and join the Irish squad for the first time this year.

The international selections come at an exciting time before the Olympic Regatta in Paris, where Zoe Hyde (Tralee Rowing Club) will be among the largest Irish rowing contingent of 16 rowers to contest an Olympic Games.

Killorglin native Zoe has previously rowed for both Killorglin and Muckross rowing clubs and will race the Women’s Double event for Ireland with Alison Bergin (Fermoy Rowing Club) in Paris.

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Valuable role of Kerry cancer support charity recognised nationally

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Cancer support charity Recovery Haven Kerry has been recognised for its vital role in supporting cancer patients and their families at a national ceremony in Dublin.

The renowned cancer support house was one of 16 such centres across Ireland that were presented with plaques to acknowledge their full membership of the National Cancer Control Programme (NCCP) Alliance – a group made up of voluntary and charity organisations delivering support services directly to cancer patients and their families. An additional 10 associate member charities were also honoured, including Kerry Cancer Support Group.

The Alliance advocates for, and supports, the development of integrated pathways between the cancer centres, acute hospitals, community cancer support services and primary care services. All members’ development is in line with the values of Sláintecare, seeking to provide assurance to healthcare professionals that these organisations are working to an agreed standard as set out in Best Practice Guidance published by the NCCP. 

Speaking after the ceremony, which was held at Dublin’s Farmleigh Estate, Recovery Haven Kerry Chairman, Tim McSwiney, explained that being compliant with the Best Practice Guidance for Community Cancer Support Centres is a true mark of quality. 

“It offers us a yardstick to measure what we are doing against the standards required. As a result, healthcare professionals have more confidence in referring people to our services. We are very proud to be a member of the Alliance,” he said.

Recovery Haven Kerry was represented at the event by centre manager, Gemma Fort and Client Services Co-Ordinator, Siobhan MacSweeney and were presented with their plaque by NCCP Lead for Cancer Survivorship, Louise Mullen, Clinical Lead for Psycho-Oncology Dr Helen Greally, and Minister of State at the Department of Health, Colm Burke. 

The event was also used as an opportunity to announce funding of €3m for the NCCP’s Alliance of Community Cancer Support Centres and Services through Budget 2024. The NCCP is currently in the process of distributing these funds which will directly and positively impact the delivery of services for patients and families nationally.

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