The latest house rebuild guide, published by the Society of Chartered Surveyors Ireland, shows that national average rebuild costs have increased marginally for 2012. Andrew Nugent, Chairman of the Society’s Quantity Surveying Professional Group, said the increase was due to changes in Part L of the building regulations, such as improved insulation requirements, and increases in materials, VAT and other input costs. The increase means that homeowners may face modest increases in home insurance premiums.
Mr Nugent said that the most important thing for homeowners is to make sure that they are not overpaying or underinsuring their homes, and with this in mind the Society has developed a new free iPhone/Android app and online calculator.
“We are delighted to launch these new features and we believe they will be of great assistance to owners in helping them to calculate their rebuild costs in a speedy and straightforward way,” he said.
Home and property owners can access the Online House Rebuilding Cost Calculator by going to www.scsi.ie or by going to the Apple App store or Android store and downloading the free calculator onto their mobile phones by searching SCSI Rebuild.