Tips for buying a cheap house in Italy from those who have already done it
Buying real estate in Italy at a low price is an attractive offer for many travelers, especially considering the growing number of towns offering homes for almost nothing through renovation programs. Some brave individuals have already taken this step, purchasing houses in rural Italy for amounts ranging from one to several thousand euros, while others may be deterred by the fear of things going wrong. But is there anything that potential buyers should pay attention to before acquiring such property? And how can one understand if they are on a dangerous path? Important tips and valuable recommendations on this topic can be provided by those who have already done it.
In January, the city of Bichchari became the main news story.
When he started selling renovated houses for just one euro, the ready-to-move-in ones turned out to be the most successful. Mayor Gianfilippo Mignogna decided to offer these houses to revive the struggling town, which has lost part of its population as many moved to work in cities across Italy or in other countries. Here are three people who bought or helped with the purchase of one of these houses.
Mariano Russo
An Argentine with Italian roots bought a cozy house in Biccari for 7,000 euros. The property was renovated, with even the walls repainted, and it has a panoramic view from the terrace.
- It is essential to check for any encumbrances and damages to third parties from previous owners.
- For example, a damaged pipe that flooded the neighbor's kitchen, or a fallen tile from the roof.
Rolf Bauer
An engineer from Germany also bought a house in Bichari, found a good agent, and renovated the house, investing 30,000 euros. He noted that it's important to have the right person helping to choose the most suitable house. He has already been living in Bichari for two months and is enjoying life. He liked that he is not required to pay property taxes and plans to spend several months a year here.
Aksana Klimavets
A Russian translator in Italy helped a Moscow businesswoman purchase an old house for 15,000 euros. However, the buying process was complicated due to a lack of notaries and issues with transferring money because of Russian laws on international payments. The new owner has already fallen in love with the clean streets and beautiful nature of Biccari.
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