Should you renovate now or wait for prices to fall?

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“Contractors are busy for the next 12 to 24 months, so it’s very hard for builders to put a realistic cost on a project that far ahead. Signing a contract for works in three-years’ time is something concerning both contractors and clients.”

With construction price inflation running at about 13 per cent, it is an expensive time to carry out extensive renovations on your home.Get planning and wait

Or when you get a price that you can afford, you’ll be ready to hit the ground running, is how Tarla MacGabhann, principal of MacGabhann Architects, puts it. He says this extra time also gives the design time to mature and the client time to ruminate, and, in some instances, may allow you to get the project delivered more economically.

“If your proposed project is now coming in €100,000 over budget, then you need to scale it back. But scale back on finishes. Do you really need aluminium windows or polished concrete floors? You could use a laminate underfoot, for example. Habu has plenty of expertise in this area and its director Robert Glynn says a fresh interior design on a house of 222 sq m — including a new kitchen layout with Silestone countertops, three new bathrooms, and a paint refresh for the hall, stairs, landing, two living rooms and the master bedroom — will range in cost from €145,000 to €165,000 and includes all furniture shown in the pictures. Entry-level prices start from €85,000 for the full refurb of a two-bedroom apartment of about 80sq m.

 

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