The Truth About 1 Euro Italian Houses

Italian house
Photo credit Pixabay

 

Italian house
Photo credit Pixabay

Ciao!

I hope you all are following us on Youtube! We have gotten some really great traction over there and some of the videos are really taking off!

We are trying to put up informative and fun content that we know you want to see and it looks like we are succeeding so thank you if you have gone over and watched any of them.

By far the most popular video on YouTube is the one where I talk about the 1 euro Italian houses that are so popular nowadays and whether or not these are a wise purchase.

This video is up to 7,400 views and just keeps climbing. The other popular videos are the ones featuring our house renovations and several other renovation projects in our village of Santa Domenica Talao.

Every week I get several letters from people asking about purchasing a property in Italy and wondering if they can make their Italian dream come true.

Italy street
Italy street, Alexander Nagelstad

Now, these 1 euro Italian houses have gotten everyone’s attention. It is a BRILLIANT marketing campaign.

But is it a good deal?

Well, it might be but here are a few things that you need to keep in mind.

The homes that are selling now for 1 Euro are abandoned and have been for a long time.

First of all, let’s go back several generations and find out why these towns and villages are abandoned in the first place.

Seaside town
Seaside town

Back in the late 1800’s and early 1900’s many Italians, especially from the South. left their homes in Italy for the dream of a better life in America.

Life in the rural districts was difficult back then. The weather was capricious and one never knew whether the next year they would still be able to eke out a meagre living. Many left with the idea that they would be back after seeking their fortunes but they never returned.

Over time the properties that would have been inherited by the sons and grandsons fell into disrepair and ruin.

This was a long time ago and many of these properties are in pretty rough shape. Generally these are the 1 Euro Italian houses.

Most of them are found in the historic centers of so many hill towns and seaside villages. Some are wedged in between other houses that have been cared for and perhaps renovated and most are in a pretty severe state of disrepair.

Italian house
Guillaume Meurice

So that said, are they a good deal?

Well, it depends on so many different factors.

One of them is the state of disrepair. If the walls are intact and not crumbling due to a roof failure, it will be less expensive to fix up than one that has had the roof fail completely letting water leak into the walls and destroy their integrity.

Once that occurs, there is substantial repair needed and sometimes you may have to take the walls down to the foundation and rebuild them from the bottom up.

In the case of a house that is seriously damaged, make sure you get a good inspection and estimate on the repairs in writing before you purchase it.

A better purchase would be a house that is still pretty much intact, only needing cosmetic repairs like new floors, windows, kitchens and bathrooms. These are not generally for sale for one Euro but many times they are really inexpensive because there are so many of them.

ARCHITECTURE ITALIAN
Architecture Italian

Also kitchens and bathrooms are very inexpensive tp purchase in Italy, especially in the South. Ikea does have branches in Italy where you can purchase DIY kitchens for not very much money.

Another factor that you want to pay attention to in shopping for your Italian house is that in many villages, there may be one architect and one builder, You have to make sure that you can work with them and that they are honest and reliable.

Talk to others who have gotten renovations done in your village and ask them about their experiences.

Bear in mind that the houses for sale for one Euro are not anything like any houses we have here in America. Many of these houses were built centuries ago with whatever building materials they had to hand.

Centuries old walls may be made up of old roof tiles, bits of rock, mortar and sometimes even wood canes like the ones we found holding up our ancient roof. Miraculously we have not had leaks under that part of the roof as the wood canes are black with age and somehow still standing.

Honestly there is so much to finding and purchasing your house in Italy. It is very difficult to put it all into one blog post.

Do go watch our Youtube video and stay tuned as Pete and I are putting together a consultant package for those who are interested in having experienced help in this area.

Once you have your dream firmly in place, it is time to begin!

 

 

 

Love and Renovation Italian Style!

Our lady's generous back side
Our lady's generous back side

 

Our grand old lady
Our grand old lady

Ciao Everyone!

Who hasn’t wanted to rescue an ancient house that was once filled with families, honor, fine food and love?

Millions of us have watched “Under the Tuscan Sun”, some of us many times (that would be me!) and as we did so we dreamed of perhaps one day, finding a house that speaks to us and begs us to give it a second chance at glory.

As you may know, my husband and I purchased a house in the Calabrian hill town of Santa Domenica Talao, Italy.  Our village, like so many others in the area, has a lot of abandoned ruins.

Ruined grand house
Ruined grand house

Back in the late 1800’s to early 1900’s many Italians fled Italy to America looking for a better life. Most of them were from Calabria and, although they have made great contributions to us in America in terms of food, family and culture, they left holes in their villages.  As a result the abandoned homes have been left to degenerate into a sad state of disrepair.

As you wander through our village you see these empty old beauties and you can’t help but think about how they might look all done up like new. But many of them have been salvaged and brought back to life, once again filled with love and family.

Houses lining the street leading to the piazza
Houses lining the street leading to the piazza

The street leading to the piazza is lined with beautifully renovated houses, all except for the ancient beauty that rises up over the street like a grand old lady, the only house on the block that needs a redo.

And, ever since my husband and I looked at her when we were in the market for our current house, we have never gotten free of her mysterious pull and finally after 9 years, we decided to purchase her and turn her into a BNB.

This lovely lady standing at Via XXIV Maggio, is ours at last.

Not the new one, the pink building next to it
Not the new one, the pink one next to it.

This was not a simple Italian property transaction. My husband and I decided to use some retirement money to set up a self directed IRA and purchase, renovate and run the BNB through this company. This means that we had to set up a separate company and deal with all of the tax and bureaucratic infrastructure that goes along with it.

Add to that the trouble we ran into getting the tax ID number and some other assorted bits of trouble and, well it took a bit to get it done.

View from the roof terrace
View from the roof terrace

Happily we had some big hitters and “get it done” people on our side. I want to take the opportunity to send out massive kudos to Antonello Lucchesi, our architect and Ivan De Luca, our estate agent and all around get it done guy. These two ran into so many obstacles and found ways around them all. It was really epic!

OMG! Where do we start?
OMG! Where do we start?

I also have to thank our seller Anne for being to gosh darned patient with our bits of trouble and hanging in with it all.

At Last it is Time to Renovate!

Ok, lots to do
OK, lots to do.

While Pete and I were in Santa Domenica last time, we had the opportunity to sit down with Antonello and his staff and go over the layout of all the rooms.

From the front, the house looks a lot smaller than it is. She has a ground floor and another floor above it however her generous backside rolls down the hill giving two more good sized floors that can be turned into accommodations.

Our lady's generous back side
Our lady’s generous back side

In the end we will have four “studiette” apartments with ensuite bath and coffee and fridge facilities and a full sized, one bedroom apartment.

Most of the apartments will have views of the mountains and the sea and one will have a balcony overlooking the street. We also have a large roof terrace where residents can enjoy sweeping views of the mountains and the sea from high above the village.

Balcony view
Balcony View of the mountains and sea

We have decided that we wanted a communal kitchen and eating area where breakfast will be served daily and where we can have events and classes.

And the best news we received while we were there? The cooking school that our mayor has been wooing is finally going to arrive!

As our renovations progress we plan to be in conversations with the cooking school to see about putting together vacation packages for those who want to learn real Calabrian cooking from the masters. In addition we will have ladies from our village teaching classes on everything from pasta making to meats to all of the seemingly millions of appetizers that one finds here.

We will have morning field trips down to the world famous Pasticceria Arrone for coffee and to die for cakes, beach trips, photography tours and whatever else we can think of.

So with the final signatures on all the documents and the money having changed hands, we are ready to start phase 2, renovations!

And a one bedroom apartment
And a one bedroom apartment

Stay with us along the way and watch as this beauty regains her past glory and takes her rightful place as one of Santa Domenica’s leading ladies of the piazza.

The Piazza
Our Piazza