Siv
3 days ago @Edit 3 days ago
USpol-adjacent
Italian village offers cheap homes to those wanting to leave the US.Italian village offers $1 homes to Americans upset b...
Live in Ollolai | moving abroad
latest #17
Cute village..
Siv
3 days ago
Right? Of course the cheapest homes are dilapidated, and there are also places going for more that are move-in ready
The mayor says he’s set up a special team to guide interested buyers through every step of the purchase, from organizing tailored private tours of the available dwellings to finding contractors, builders and navigating required paperwork.
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Siv
3 days ago
I've edited the plurk to add the direct website for anyone not wanting to click the article
I wonder if that means there are regulations protecting the historic value of some of the dilapidated houses and that means you need special contractors who are licensed to do restoration work, like in the UK
Siv
3 days ago
I wouldn't be surprised.
Haunted Boobs
3 days ago
I'm not sure if the article goes into it, but Italy has been doing this for a while, and a lot of folks who've bought the 'one euro homes' have been very honest that fixing up those houses to just basic livability costs generally between 30,000 and 60,000 before you can even move in, and the contract requires that renovation begins as soon as purchasing.
Haunted Boobs
3 days ago
Also that the price starts at one euro, but these houses are sought after and so they get unofficially auctioned, with having to offer more and more money to actually buy that single euro house.
Haunted Boobs
3 days ago
And yes, they are mostly historic and need to be renovated in a very specific way.
Haunted Boobs
3 days ago
With heavy fines if anything is done 'wrong'.
Exacerangutan
3 days ago
There's Always A Catch etc
Exacerangutan
3 days ago
(but still honestly that's extremely affordable by US housing standards)
Exacerangutan
3 days ago
but it's definitely not just "move into a cheap place" it's a whole project, which is fine if that's what you want to embrace, but not if you just want to move
Haunted Boobs
3 days ago
Yeah, it's honestly still a good deal, there's just a lot of hidden catches and fees and hurdles. Some moreso than others, depending where in Italy (or Spain, or Croatia, or any other country with the euro property program) you're looking. Some are much more lenient in reno and moving in times - like Mussomeli gives you three years to renovate.
Haunted Boobs
3 days ago
But others are like 'YOU HAVE TO RESIDE ON THE PROPERTY AND BEGIN RENOVATING AS SOON AS YOU SIGN THE DEAL, NO EXCEPTIONS!'. Or even require you to be a resident of Italy before making the purchase.
Haunted Boobs
3 days ago
But! If this is something you (general use of you) are interested in, they do have websites and services designed specifically for Americans buying these properties to help you navigate everything. I think Renovita is the most popular.
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