We're looking at purchasing a small

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02/21/2015 - 08:06

We're looking at purchasing a small house for sale that needs fixing up and has no electricity/water in the countryside.  It's currently for sale for 50.000 euros and we were wondering what is a reasonable offer to make?  We will need to fix it up and add in these things (along with a bathroom etc), and have a limited (and small) budget.  Does anyone know how flexible the prices are in Italy, and what sort of offer would be reasonable to make?  From what we can tell, it's been on the market for a couple of years but we obviously don't want to insult anyone!  Also, has anyone got an idea of how much it will cost to install electricity/water?  Or is there a way we would be able to find out the price or is there a maximum price set?  Have any of you done this before or have any tips? Thanks laugh  

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Wel unless you are up for spending a fortune, don't even go there! Not wishing to be rude, but the questions you are asking and the detail provided, worry me! What is a "small house", how many rooms? Is there any land? Is it even possible to get electricity and/or water to the property? What condition is the house? All that said I'm sure 30% less is not abnormal in Italy. However depending on the answers, it could be it's worth 50% less, if not nothing at all... Sorry...

I totally agree with the above advice. What you intend to do is extremely risky and Italy is full of half completed ruins/restoration projects which have not been completed. Restoring or rebuilding in Italy is not cheap and forget about the DIY projects. You will need to employ licensed contractors. The cost of connecting electricity and water can be very expensive depending on location, etc.  Look for a place which is habitable and will only need cosmetic work. In today's market you will be able to find plenty of reasonably priced homes. Study carefully the offers. You will soon find which are fairly priced and you may even be able to make a counteroffer. It is a buyer's market. That's the best advice I can give you. Good luck!

For doing up the house you need to think of atleast 1000 euros per square meter.  Work out the value of the finished property by looking at other sales , subtract what you would need to spend and you have the value of the house on sale. 

about how sqm are it ? ono or two floor ? what is the situation of the roof and flat , they need to rebuild or only renovate  ? bigger is the works to make , bigger is the discount that you can ask to the seller ..., expenses to have electricity and water , depends by  the distance  from lines , if have public lines at 2/300 meters , only fixed , about 100/200 euros - if the distance is more than 500 meters , you can pay more than 1000 euro ...

Hi, I'm Italian, now living in the US, but I had my own contractor/designer firm in italy for 35 years.Depending in the remodel location there will be a series of evaluations that you must make before following up with the purchase, since the remodel plan itself could not even be be a feasible option in some cases.A local Geometra is the best person that can give you an idea of restoration cost and its feasibility. I can help out more if you can tell me where the house is located.  Ciao!Christina

Talk to a local [and I stress 'local'] Geometra. He will advise on;-

  • what can be done
  • What the local Comune will, and [more importantly] will not permit 
  • what approximate costs will be - so you can decide whether its worth doing - I'd add 20% - 30% for contingencies
  • how long it will take to do the work [I'd add 20% for Italian timescales] - NOTE - you will be restricted on what you can do yourselves, as most work will require certiification by a 'competent person', i.e certificated tradesmen such as builders, plumbers, electricians etc etc.

Personally, I'd think long and hard about 'doing up' a place, especially one without water and electric.Now the Euro is weak against the pound, I'd look at something more 'habitable, and make an offer about 30% below asking price  [it worked for me] Good Luck

 Questa è una storiella  Metropolitana , non se n'abbiano a male , Architetti, Ingegneri e costruttori L'Architettoun uomo che possiede alcune nozioni su un gran numero di argomenti,e che a poco a poco,possiede sempre meno nozioni su un maggior numero di argomenti,fino a quando non sa praticamente più niente a proposito di tutto. L'Ingegnereun uomo che ha molte nozioni su un numero limitato di argomenti,e che a poco a poco,possiede sempre più nozioni su un numero sempre minore di argomenti,fino a quando sa praticamente tutto a proposito di niente Il Costruttoresa tutto su tutti gli argomenti, ma a lungo andare stando a contatto con architetti ed ingegneri,non sa alla fine più niente Per fortuna ci sono i Geometri,che non sapendo niente fin dall'inizio,non si sono mai preoccupati di avere alcuna nozione su qualcosa E RISOLVONO I PROBLEMI DI TUTTI