I don't know about the Cuneo…Submitted by Chris Sobolev on Thu, 03/26/2020 - 23:25
I don't know about the Cuneo area but I have a place in Calabria. The prices are extremely low if you purchase in a hill town versus a place but the sea. We have many properties in our village that are very inexpensive and do not need super extensive repairs.
So I would have to say in our village a 25,000 property is very doable. My village is Santa Domenica Talao.
I have an apartment on a…Submitted by Franco on Sat, 03/28/2020 - 18:35
See my ad at the link
This is completely do-able…Submitted by josieverona on Mon, 03/30/2020 - 08:00
This is completely do-able as far as buying a house at that price. You must realise that Italy has been in a recession on and off for the longest time and old places in small villages are not really much sort after by younger Italians who mostly want to move to bigger towns and cities and then they usually want something new with all the modern conveniences.
This house looks big, habitable and in sound condition. I would have the roof checked out and have the plumbing and electricity checked out but otherwise, it almost looks like you could move in as soon as buying it.
I recently bought a 60sqm apartment, about 200 years old, but in fair condition in the historic centre of a town in Umbria, about 30 mins drive from both Perugia and Assisi. The town is a delight and I just love my little place. I paid Euro 9500.
The bathroom was functioning but super super small, so I decided to have it knocked down and rebuilt from scratch. So far, with other renovations, I have spent about Euro 9000. I am finding the trades and materials to be very reasonable compared to Australia.
More complicated would be organising your visa, buying the house and then knowing what and who to pay for things like utilities.
Thanks for the reply. Your…Submitted by Dreamer or not on Wed, 04/01/2020 - 08:40
In reply to This is completely do-able… by josieverona
Thanks for the reply.
Your case certainly makes my plan sound somewhat realistic.
May I ask, what are the communal expenses for such a flat? I have been trying to gauge the apx. level of fixed expenses for the house, but they seem very low. About 1,000 euros annually for various taxes and renovation. Does that sound right?
Water, exectricity, etc comes on top of that of course.
Calculating the council…Submitted by josieverona on Wed, 04/01/2020 - 09:04
In reply to Thanks for the reply. Your… by Dreamer or not
Calculating the council rates is quite complicated. I had been told by my real estate agent, who went on to the website that calculates the rates and told me that I would be up for Euro 220 pa for my property. When I went to the comune (council) to speak to the dept which handles rates she calculated it for me and it turned out to be twice that. Being married it is paid by both spouses. We were due to pay Euro 220 each but because I am in the process of renovating my place and it does not have water and is being renovated, they consider that to be non abitabile and so we were given a 50% discount on that amount.
It is difficult to say what I will pay for electricity because although I have had the electricity connected, I have not used any electricity. As a secondo casa (foreign owned houses where the owner is not a resident are classed as owning a second house) you pay more for your access fee (I think it is around Euro 23 per month as opposed to a resident who pays about Euro 11 per month) and then I think the usage might be more expensive as well. Electricity is expensive in Italy.
I elected to have everything electric including my stove and oven because I couldn't be bothered also paying a monthly access fee for the gas.
You also need to pay water (which I haven't had connected yet) and rubbish collection which I was told was about Euro 145 per year.
Be careful that you check with the notaio if you are paying a reasonable price for your house. I paid only Euro 9500 for my house, which on the cadastal value is valued at Euro 36000. The tax department will come after you a number of years later if they think that you have dodged any taxes by paying a very low price. I paid Euro 750 for a geometra to go through my house and do an inspection report which included numerous photos to demonstrate that the state of the house was such that it was only worth the price I paid. This report also allowed me to demonstrate to the council that the house was not liveable and so gaining that 50% rates discount. So I had to pay money to gain money because I also paid less taxes when I purchased the house.
Something not right as house…Submitted by stevegwmonkseaton on Wed, 04/01/2020 - 09:15
Something not right as house…Submitted by stevegwmonkseaton on Wed, 04/01/2020 - 09:17
Maybe the real estate agent…Submitted by josieverona on Wed, 04/01/2020 - 09:25
In reply to Something not right as house… by stevegwmonkseaton
Maybe the real estate agent got it wrong or wanted to convince me that the rates were very reasonable for the property as I was quite anxious about how much they would cost. It would be nice to think that the woman at the comune was incorrect and that I would be able t o pay less but I feel that she does these calculations every day and so is probably right.
The woman at the commune is…Submitted by alan h on Wed, 04/01/2020 - 16:22
In reply to Maybe the real estate agent… by josieverona
The woman at the commune is correct.
The house tax (IMU) is easily calculated (see stevemonkseatons reply below on where to do it)
If the house is jointly owned then the cost is split between the two people - so technically your agent was also correct.
So IMU is E440, and your share is E220
(Luckily, I insisted that only I bought my holiday place in Italy- the Notary was gobsmacked, as my wife was present at the purchase signing, and he made her counter sign to confirm she wasn't buying)
You can calculate it here,…Submitted by stevegwmonkseaton on Wed, 04/01/2020 - 09:53
You can calculate it here, information required would be on your deeds and/or you agent should be able to tell you before buy.
I have an apartment on a…Submitted by Franco on Fri, 04/03/2020 - 20:35
I have an apartment on a hill overlooking Lake Maggiore in the region of Piemonte.. I'm asking €105.000, but it is all done, furnished and all, nothing for you to instal or remodel
Well, I had in mind to get someone to put in a fireplace, since it has the exhaust tube in the wall which allows one to have it. Most tenents have a fire place in their apartments.
The place is EXTREMELY quiet.
See my ad at the link
Annual fix expenses are property tax €816 and condo services (water included, exterior lighting, exterior cleaning and gardening) €992.