SCS House Rebuilding Costs Per Sq.M.
July 2006

The table opposite is a guideline based on a typical speculative built, estate type house in the Dublin, Cork, Galway, Waterford and Limerick Areas

  1. The figures shown in the table are a MINIMUM base cost guide for your house insurance.
  2. The figures are based on estate type houses built since the 1960’s. They exclude; (a) Properties with more than 2 storeys or with basements or habitable attics (b) One-off houses with special design features or period houses (c) Apartment / residential flats because of split responsibilities for shared areas. The insurance of apartments is covered in the block service charge. Owners should confirm with their management companies / agents that their apartment block has been valued for insurance purposes, and that the insured value is current.  
  3. The figures assume a basic quality specification with normal foundations, brick or block walls, concrete tiled roof, concrete ground floor and timber first floor, soft wood flush doors and hardwood double glazed windows, painted plaster to walls, plastered ceilings, standard electrics and central heating. The sum insured should be increased to allow for better than average kitchen fittings, built-in wardrobes, finishes and any other items not normally included in an estate type house (e.g. fire alarm). 
  4. House contents such as carpets, curtains, furniture, etc. are not covered by the figures.
  5. No allowance has been made for the cost of out-buildings, patios or boundary walls. The figures do however allow for a concrete path around the house, for driveway repairs and regrassing.
  6. The figures allow for demolition costs, professional fees incurred in reinstatement and VAT at 13.5% on building costs and 21% on professional fees.
  7. The amounts included for professional fees have been calculated to cover the following services: Building Surveyor / Architect and Quantity Surveyor.
  8. The costs are based on building rates ruling in July 2007 and do not include for inflation during the duration of the policy and the period between any loss occurring and reinstatement.


Source: Society of Chartered Surveyors