New-Build vs. Second-Hand Homes in Ireland: Expert Weighs Pros and Cons
A Sligo homebuyer questioned new-build quality in Ireland. Expert Ed Carey states current building standards are high, with variations across all properties. He details pros and cons for new vs. second-hand homes, including financial incentives, BER ratings, and renovation needs, advising buyers to research thoroughly and prioritize personal criteria.
A prospective homebuyer in Sligo expressed concerns about the build quality of new houses in Ireland, citing online forums and other homeowners. However, Ed Carey, an estate agent and member of the Society of Chartered Surveyors Ireland, asserts that building standards are generally good to excellent, with little legitimate criticism of new houses in today’s market. He notes that variations in quality exist across all property types, not just between new and older homes.
Carey outlines common reasons buyers prefer second-hand homes: mature estates closer to town centers, completed developments, potential for green mortgages due to better BER ratings, and generally lower prices (e.g., €400,000-€425,000 for a three-bed in Enfield vs. €450,000-€475,000 for similar new builds). Grants like the Vacant Property Refurbishment Grant (€50,000 or €70,000) and SEAI grants are also available for older properties, though many buyers are reluctant to undertake significant renovation work.
Conversely, new builds offer government incentives like Help to Buy and First Home shared-equity schemes, which are exclusive to new properties and often too significant to ignore for first-time buyers. New homes almost always have A-rated BERs, qualifying for green mortgages. They also come with new kitchens, wardrobes, sanitaryware, choice of decoration/flooring, a snagging process with a defects liability period, and the absence of legacy issues like pyrite or mica. Carey advises buyers to conduct thorough research using appropriate resources, avoid gossip, and prioritize their personal preferences and criteria.