Connect with us

News

The cost of rebuilding a house has risen 

Published

on

0238987_JP_Healy_1000x600.jpg

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.

Continue Reading
Advertisement

News

Proinsias says farewell to Gaelscoil after 33 years

By Michelle Crean For over three decades one face has been constant at Gaelscoil Faithleann but today (Friday) it all changes as the school’s first and only Principal to date […]

Published

on

By Michelle Crean

For over three decades one face has been constant at Gaelscoil Faithleann but today (Friday) it all changes as the school’s first and only Principal to date says a fond farewell.

It’s a day full of mixed emotions for Proinsias Mac Curtain who was appointed the school’s Principal on September 1, 1989.

Today, the school’s 245 children and staff will host a number of events at the school for him which are sure to stir a few emotions.

It follows a special Mass on Innisfallen Island on Saturday morning as 150 children, staff members, parents council and Board of Management members boarded a boat for the occasion. And the location was apt as the school is called after the island, Proinsias explained to the Killarney Advertiser.

“It was lovely, it was meaningful as the school is called after Innisfallen Island. I’ve been blessed with the school community down through the years. It was a pleasure to work with school staff and parents, Boards of Management – but the most important is the children. I’m proud of them and their achievements. They are great children and I’ll miss them.”

He said the school will be in great hands as Lisa Ni Iarlaithe, who has been at the school since 1991, takes over as Principal.

He also praised the hardworking staff.

“I’ll miss it but I’m comfortable to step back as the school is in excellent hands.”

Proinsias is originally from Tournafulla Co Limerick. He began his career as a teacher in Scoil Iognáid in the centre of Galway city, the largest Gaelscoil in the country at the time.

Shortly before he died his father Jerry, who loved to holiday for a few days a year in Killarney, had heard of a new school opening here and phoned Proinsias to tell him. The rest they say is history.

He says his love of Irish language was inspired by Tournafulla Primary School Principal Liam O Loineacháin and in St Ita’s College Abbeyfeale by Jim Tierney and the late Johnny Nelligan.

And although three decades is a long time, Proinsias says it flew by and that he has seen many changes over the years. The first is seeing the children of former pupils coming to school. The second is the advancement of technology – some good and some not so good!

“The biggest change was the growth of technology, the changeover to the whiteboard and the use of devices which makes it challenging for parents. It’s wonderful you can access so much, but there are advantages and disadvantages.”

He added a huge thanks to his wife Karen who supported him down through the years when he was out late at meetings, adding that she was “very patient”.

He also thanked Sean O Luanaigh.

“He has been my chairperson since the start and has been such a tremendous support, help and guidance down through the years.”

In retirement he plans to spend more time with his family including his three children Ruadhán, Meadhbh and Cormac.

He also plans to get more involved in Beaufort Tidy Towns as well as the Annals of Innisfallen project.

“It’s always been an interest of mine. I also plan to relax for a few weeks, make more time for family, and I look forward to playing more trad music, bee keeping, gardening and travel.”

Attachments

Continue Reading

News

Start clocking up those ‘Kingdom Kilometres’

With an increase in daylight hours there’s no better time to clock up the ‘Kingdom Kilometres’ on foot or by cycling along the county’s two new Greenways. The recently opened […]

Published

on

0254025_Kerry_Greenways_2.jpg

With an increase in daylight hours there’s no better time to clock up the ‘Kingdom Kilometres’ on foot or by cycling along the county’s two new Greenways.

The recently opened Kingdom of Kerry Greenways between Tralee and Fenit and between Listowel and Abbeyfeale are already proving hugely popular with locals and visitors to Kerry.

Representatives of the tourism Industry, local public representatives, travel writers and influencers gathered in Kerry on Monday to experience the exciting new tourist attractions and welcome the arrival of the longer daylight hours as the clocks changed over to summertime.

Sarah Hanrahan, a social media influencer who posts about Irish travel and has more than 100,000 Instagram followers, described the experience.

“Ireland has some of the most amazing outdoor spaces. For a lot of my followers and other people, connecting with green spaces has become much more important to their overall sense of well-being as well as their health and fitness. It’s been really gorgeous to experience the Tralee to Fenit, and Listowel to Limerick Kingdom of Kerry Greenways; a fantastic trip sampling the warm hospitality of Kerry and a great reminder of the active holiday options that are right on our doorstep.”

The new purpose-built trails provide an accessible and inclusive experience for visitors of all abilities.

Mayor of Tralee, Cllr Mikey Sheehy and the Mayor of Listowel, Cllr Aoife Thornton, said that the greenways offer an exceptional recreational amenity for everyone to enjoy.

“The greenways are situated in some of Kerry’s most scenic landscapes and offer spectacular and safe off-road facilities for people of all ages to enjoy as the landscape comes into bloom. They also offer warm hospitality at the trail head towns of each route.”

Visit www.kerrygreenways.ie to find out more.

Attachments

Continue Reading

Trending