Vacant Property Refurbishment Grants in Lucan | McDonald Property

Minister Announces Major Boost for Vacant Property Grants: What it Means for Lucan Homeowners

The Minister for Housing has officially announced the continuation and expansion of the Vacant Property Refurbishment Grant, with a specific new focus on tackling "above-shop" vacancies and urban dereliction.

This is a significant development for the Lucan property market, particularly for those looking to breathe new life into older buildings or unlock the potential of vacant units.

Key Highlights of the Announcement:

Continued Support: The grant remains a cornerstone of the Housing for All plan, offering substantial financial support for the renovation of vacant and derelict homes.

Grant Amounts: Homeowners can access up to €50,000 for vacant properties and up to €70,000 for those confirmed as derelict.

"Above-Shop" Focus: A renewed emphasis is being placed on converting empty spaces above commercial units into residential homes.

Phased Payments: The government has streamlined the process to ensure that funds support the various stages of refurbishment more effectively.

How This Benefits Lucan Sellers and Buyers

In an era of high construction costs, these grants are game-changers. For sellers of older properties in estates like Hillcrest or Lucan Heights that may require modernization, these grants make your home significantly more attractive to first-time buyers.

For investors and developers, the focus on "above-shop" living provides a clear path to adding value to Lucan Village’s streetscape while helping to solve the local housing shortage.

Our Expertise: "Lucan’s Legacy. Your Advantage."

At McDonald Property, we have been advising Lucan families on property trends since 1971. We understand the nuances of local planning and the potential of our area's older housing stock.

If you own a vacant property or are considering purchasing one that requires refurbishment, our team can help you understand how these grants affect the market value and saleability of your asset.

Thinking of selling a property that needs work? Contact Barry, Emma or Fiachra today for a  valuation that accounts for the latest government incentives.

Disclaimer: The information provided in this article is for general informational purposes only and does not constitute financial, legal, or professional advice. While every effort has been made to ensure the accuracy of the details regarding the Vacant Property Refurbishment Grant at the time of publication, scheme conditions and eligibility criteria are subject to change by the Department of Housing, Local Government and Heritage. McDonald Property strongly recommends that all applicants seek independent advice from a qualified solicitor, financial advisor, or building professional before making any commitments or beginning renovation works. McDonald Property accepts no liability for any loss or damage arising from reliance on the information contained herein.