The Corruption Thread

It doesn’t. I’m just assuming that they are trying to cover the majority of base cost at a higher rate where a lot of houses would be sorted close to that amount. The drop off then is their economy of scale I suppose on larger houses. I didn’t realise it dropped to 110. That changes my earlier size limit to a 3,400ft2 house now being considered the maximum size.

It’s still not a bad offer tho. Some will definitely be covered by this and some definitely won’t. But those that won’t will be ones in excess of 2,500ft2 in my opinion. And there still would be ways for them to get as much as they can covered to get back to their original size.

Yeah I figured as much.

This table was shared in the public group this evening and it put the shuts up me

“Estimate build cost based on engineers ireland.”

Fuck sake.

By the by, if you do need a hand with anything, just send me on an email. Might not be of any use to you, but even if you just want me to go over anything for your own peace of mind, just drop me a line.

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Thank you Sir.

Much appreciated.

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Frank wins the Internet

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edit - meant to send PM

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This is a weird one. Can’t think who’d buy it when they wont qualify for the scheme and the house is massive.

could chance that only certain parts may need replacing. If they threw €500k into repairs and fixing it rather than replacing, then it would save a shit load. Plus with existing planning and a decent site, even if it was knocked and rebuilt, it could be worth it to someone (with a spare million or more in their pocket).

What I dont get is how it is being sold for that amount and not being claimed back on insurance or whatever. The finances of the seller is more at odds to me.

Might be the vendors second home or the cost over the scale to rebuild it with the schene might be prohibitive.

I think it was sold as recently as 2020 too so there might be shenanigans at play.

yeah but if I paid a million for a house, I wouldnt be offloading it for 250k then. just seems strange

Site could be local need, could buy house and re build…

House in duncannon recently bought for 695 and a further 300k put in to it. madness.

thats it, already having planning and the footprint is a decent start. nevermind the fact you potentially could get value out of the structure there.

feck. thats a lot. I worked on a house in middle of the village there recently, but wasnt bought for the colour of that money. and a little less than that put into it, but value of it is decent now.

It’s one of those passive houses so it could be less stress to replace the blocks…but if that was the case the owner would most likely have done it.

Outside chance that the bank has it I suppose.

Main structure seems to be half built of glass. Would there be anyway to save that part without starting again?

thats it. potential could be there to keep a good chunk in place, and particularly the roof. depends if foundations were done in blockwork under the glass too I suppose. Its not the dud it would seem on first glance anyway with a few positive factors going for it, again, if you have a million or more burning a hole in your pocket and want to live in the far north west.

that’s the thing, will all have to be cash…

Update:

Early reports on the amended scheme are not encouraging with teports that engineers will not sign off on it.

How the fuck can a Govt try and approve construction legislation that construction engineers have not properly scrutinized.

Darragh O’Brien needs to fucked out on his ass.

Without knowing the particulars of it, I’d imagine it would be impossible for an engineer to stand over anything that goes on now. People who are having this done will wand their BCAR or ancillary certs and everything to the absolute certainty that all warranties are in place, but an engineer will not want that level of PI insurance or hassle when there is lots of other work out there without the same headaches. It makes sense from both parts so I can see why it will cause bother. So unless the government step in and make the engineering appointment themselves and that maybe they take on the design risk rather than the engineer.

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