I own a property that has been vacant for the past ten years. It is not derelict but needs lot of work to make it habitable. I heard about a grant I could possibly apply for, but I am not sure if I qualify for it. I would hope to rent out this property. Can I still qualify for the grant if I also own my own home and I rent out the property I renovate?
The Vacant Property Refurbishment Grant is a grant to encourage the renovation or refurbishment of vacant and derelict homes. It can also be used to renovate properties that were not used a residence previously.
You can get the grant if you are refurbishing the vacant property so you can live there, or
you can rent the property out.
You can get a grant of up to €50,000 to renovate a vacant property or a grant of up to
€70,000, if the property is derelict. If you have a traditional farmhouse and are considering applying for the grant, you can get an additional grant of up to €7,500 for expert conservation advice on how to refurbish your
vacant property.
To qualify for the Vacant Property Refurbishment Grant, you must meet the following
criteria:
The property must have been vacant for 2 years or more.
The property must have been built before 2008.
You must own the property or be in the process of buying it.
You must live in the property as your principal private residence when the work is completed or make it available for rent.
You must have tax clearance certificate from Revenue.
You must have paid your Local Property Tax.
You must not be a registered company or a developer.
You can only get the grant twice. You can get one grant to refurbish a home to live in, and
another for a home you are going to rent out.