How You Can Buy Your House In Italy Without Diving Into A Money Pit

Chris Renovation
Chris Renovation
Santa Domenica Talao
Santa Domenica Talao

IF YOU ARE LOOKING TO PURCHASE PROPERTY IN ITALY YOU NEED KNOWLEDGE AND YOU NEED OUR ONLINE COURSE! FIND THE DETAILS HERE.

 

Admit it. You have been watching House Hunters International and a part of you is yearning for the golden hills, the ecstacy inducing food and the and glorious beaches of Italy.

Secretly you have been exploring the property pages on Italian Immobilare websites and dreaming big dreams.

And you feel yourself inching closer to the big plunge but are afraid because you could make a huge and costly mistake.

If you have mentioned this idea to friends or relatives, I am sure you have been told that you are crazy to even think about it.

And yet you continue to dream.

Several years ago my husband and I bought a house in a tiny ancient hill town in Calabria, Southern Italy.

An entire year before we purchased, I researched the heck out of the project and the result was a smooth transition of property and good feelings on all sides.

And we have been loving it beyond our wildest dreams each time we go.

Diamante
Diamante, Calabria

There is nothing like the sound of church bells waking you up in the morning with the sun slanting in your window and the smell of caffe coming from the bar in the piazza to make you realize how lucky you are to be in Italy.

But there are several things you should know and do before taking diving in.

1. Research the Heck out of it.

I was lucky to find a great book that covered everything I had questions about. It is called Buying a House in Italy by Gordon Neale.

Additionally I sought out and got onto several forums written and administered by people who had purchased in Italy and many of whom also lived there full time.

The forum was the most important research tool. I learned about some shady deals that I was able to steer clear of because I read the unfortunate stories about people who had purchased off plan houses (to be built) and once the money was paid, no work was ever done.

One off plan project that was offered to us when we were looking to purchase several years ago still has not been built. Had I trusted someone and bought one I would have sunk a lot of money and likely never had anything to show for it but expensive legal bills.

I have read horror stories not only about property purchases in Italy but also Spain that would curl your toes.

My most important piece of advice is never buy anything that you can’t see in front of you. Make sure you know and trust your architect before taking on a renovation project. 

SDT
Santa Domenica Talao

2. Visit different areas before you make your choice.

Unless you have already visited a town or village and fallen in love with it, I recommend that you visit several areas and rent Air BNB’s there for a few weeks.

Fall into the rhythm of the town and decide whether you can see yourself living there.

Italy House
Italy House

3. Once you have found your dream town, research the heck out of that too.

There is so much you have to find out. Jus tone example is that our trash pickup is so complicated we need a special calendar to keep track of what is picked up when.

Additionally Italy has earthquakes as we have seen recently. Research where the faults are and find data on the strength of your buildings.

Ironically, in the 1980’s when there was a massive earthquake in Southern Italy, some of the newer buildings fell down and the old buildings in the historic center are still standing.

The buildings in the historic centers are built all shoved together so they support each other.

The buildings that fell had large parking structures underneath and therefore were not structurally sound in an earthquake zone which much of Italy is.

Our area near Scalea, Calabria, Italy is one of the few areas that is between faults so the danger of a catastrophic earthquake is there but is  relatively small. In the last 20 years there have been shakers but not the massive ones such as we have seen in California.

Scalea
Scalea

4. Understand that property purchases there are not like they are here.

It is not unheard of to make an offer, have it accepted and then find out that the downstairs storage area is actually owned by someone else or that the fixtures are not included.

Many times in Italy, the kitchen is considered personal property and does not stay when you purchase. The owners simply pack it up and take it with them.

In Italy the inheritences are such that you may want to buy a property that is listed for sale but then have to convince 20 cousins that they want to sell.

This can make certain properties almost impossible to purchase and you may not know that until you have fallen in love with it.

5. Know that there will be delays.

Purchasing property in Italy is a process and it goes how it goes. That said, I was very impressed by the time and care the local Notiao took to ensure that everything was fair and equitable.

The Notaio is charged with the task of ensuring that the sale is conducted in alignment with Italian real estate law.. Our notaio was extremely careful and took great pains to ensure that we understood everything about the contract.

However an illness may cause delays as your Notaio may be the only one for miles.

Stairs
Renovations

6. Understand that renovation estimates can, at times, be wild guesses.

My friend in Scalea has become the resident counselor to those who have purchased and seen their renovations go wrong and spiral out of control. (Note, I have never seen this in Santa Domenica Talao where we personally know the architect and builder.)

A ruin in Italy is likely several centuries old and those of us who live in America which has very few old buildings don’t always understand the true meaning of the word “ruin”.

I have heard of properties having to be taken apart brick by brick and rebuilt.

My advice if you don’t know a contractor, is to purchase something habitable that perhaps needs floors and finishes.

We purchased our house and the attached ruin. We were willing to take it on as we have worked with the builder on several other house projects and he is good and trustworthy.

Additionally the structural work had already been done so it is just the interior that needs finishing.

Meanwhile, we had the house which was habitable and very nice and were able to enjoy it right away without waiting for renovations. The renovations are now complete and they are truly spectacular.

If you have your heart set on a total ruin renovation project, go ahead but budget over the amount you are quoted.

7. Treat everyone with courtesy and respect

There is no nightmare quite as complete as buying a property somewhere and being ostrasized by everyone in the town.

These villages and towns have survived because they are like a large family. Courtesy goes a very long way and an effort to get along and become a part of the village is accepted with open arms.

Volterra
Volterra

8. Learn the language

You will not be expected to read and understand the contracts in Italian as an interpreter is present if you don’t speak the language.

Nonetheless, when you make the effort to speak and be understood, you earn the respect of your new neighbors. They are way more willing to overlook any social gaffs made out of ignorance of local customs.

Chris in Ostia Antica, Rome

9. Don’t consider it an investment in anything but experience.

When I was getting ready to make my purchase, several people asked me with horror in their voices, “Aren’t you afraid you will lose money?” as if that were the greatest sin I could ever commit.

The answer was, who cares what the market does after I buy? If I buy a property and I love it and it gives me joy and I can afford it, it is a good purchase. End of story. The property market gyrations would never make it worth any less in my eyes.

You are buying a dream. Dreams do not come with a price tag. It is whatever you are willing to pay for it that gives it its value.

There is a person who was looking at buying at the same time we were. She asked me all manner of questions like the above. She had so many “What if’s” that I gave up answering them.

Needless to say, she has not purchased and we have been enjoying our property for many years now.

10. Once you have purchased don’t let anyone kill the love you have for your beautiful new home.

I don’t know why people do this but some have to tell you what a huge mistake you have made.

They have to prove to you that you have been foolish and normally it comes down to money that in their opinion you should not have spent.

These are the people who never do anything big in their lives. Listening to them is destructive.

In the end you will have done your homework, you will have experienced the ins and outs of a foreign property purchase and will have many, many years of beautiful experiences to enjoy as a result.

Buying property in Italy is absolutely worth the effort and the money.

If money is tight, look in Southern Italy. Calabria is stunning and the prices are so good you could almost put it on a credit card.

I’ll see you in Italy!

Check out our YouTube channel under Super Savvy Travelers, LLC

Everything You Need To Know About Purchasing Your Italian House

Purchase property in Italy

Everything, EVERYTHING You Need To Know About Buying Property (For As Little As 1 Euro) And Moving To Italy; Avoid The Pitfalls That Could Cost You Your Dream!

Ciao Friends!

Congratulations on your plan to purchase property in Italy. The rise in popularity of the 1 Euro Italian houses has enticed many people to start looking at making the dream of owning property and possibly living in Italy a reality.

BUT There are so  many possible pitfalls!

You are dealing with a completely different property purchase process, a completely different building and renovation model, you don’t know the language and worse yet, you don’t know what questions to ask your attorney and tax specialist. And having them educate you can be hugely expensive.

As you may know, I have literally done YEARS worth of research on purchasing properties not only in Italy, but also in Spain, Greece and other European countries. With my husband, I have successfully bought and renovated several properties in Southern Italy.

In my experience as a real estate expert, here are just a few mistakes I have heard, read about or experienced myself in various different countries:

*When we were first looking at properties, we were approached with an offer to purchase a property for 120,000 Euros. 10 years later that property NEVER got built. Had we paid, we would be out 120,000 Euros.
(POSSIBLE LOSS 120,000 Euros)

*A person recently came to me with an offer to purchase an apartment for 10,000 Euros. The contract turned out to be a rental contract that guaranteed the BUYER ongoing fees! She would not have owned the property at all!
(POSSIBLE LOSS 10,000 + 1400 Euros per year + other possible fees as yet undetermined!)

*A property “renovated” by a friend of the agent that was completely messed up. That property is STILL on the market 10 years later for almost half of what the buyer paid to renovate it.
(POSSIBLE LOSS 100,000 Euros)

*A property in Spain where the buyer purchased and moved in, only to find that the builder had not gotten the required permits and the place was torn down. Of course, the builder was long gone.
(ACTUAL LOSS  325,000 Euros)

Obviously this is only a partial list of the pitfalls I have seen.
And without someone who knows and has been through the process to guide you through it, you could make some very expensive and heartbreaking mistakes.

Since purchasing our house in Italy has been such a life changing event, we want to be able to share our knowledge so that you can avoid the pitfalls and obtain your dream.

For that reason Pete and I have gotten down to some intense research and answered every question we could possibly think of. Then when we were almost done we asked for YOUR questions so we could be sure we addressed EVERYTHING you needed to know.

We also had to pull in all of our experts from the legal, real estate, and economic fields so that we could be sure of giving you the correct data.

And we did it!

Welcome to “Everything, EVERYTHING You Need To Know About Buying A Property And Moving To Italy; Avoid The Pitfalls That Could Cost You Your Dream” online course and Ebook!

This online course is designed to be light but also packed with vital information. The Ebook can be printed out and tabbed, highlighted and notated so that you know EXACTLY what to ask you legal and tax specialist so you save time and money getting EXACTLY the advice you need from them.

And since our passion is to help others find their dreams, we purposely priced this offer at LESS THAN YOU WOULD PAY FOR HALF AN HOUR WITH YOUR ATTORNEY.

Attorneys and tax professionals are vitally important but they can be expensive if you don’t know what questions to ask them.

We knew you would love this course but that you also would want to know how to book your perfect BNB for your property viewing trips.

Staying in a hotel is not an option because you won’t get a feel for what it is like to live in a town or village unless you LIVE there even for a short time. So we created “Your Guide To Finding The Perfect BNB For Your Property Viewing Trips” Ebook. This little gem helps you create your viewing trip experience so that it matches as closely as possibly your actual living experience so you can make the best choices possible.

This Ebook is a FREE GIVEAWAY that comes with your course.

AND since we know that finding your perfect property takes time and that you may spend way too much time filtering through properties that will not work for you on real estate websites, we created your “Find My Property Dream Checklist” Which ALSO COMES FREE with your course!

With all this area information we feel that we will send you out into the world of Italian real estate armed and ready for anything!

And all for less than half an hour with your attorney!

Click here for details on how to get this vital package of information!

And write us with any questions you might have! And subscribe to our Super Savvy Travelers Youtube channel because we will be continuing to post super valuable content for those looking for properties or who just love Italy!

Happy House Hunting! We will see you in Italy!

XO Chris and Pete; Super Savvy Travelers, LLC