I bought THREE Italian houses for € 1 but it will REALLY cost me € 60,000 – fr

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I bought THREE Italian houses for € 1 but it will REALLY cost me € 60,000 – fr


A CALIFORNIAN who bought THREE of the $ 1 Italian homes warned about the real cost of renovating the cheap properties.
Solar consultant and business owner Rubia Daniels accepted the fantastic offer from Mussomeli, Sicily – but quickly realized it would total MASSIVE € 60,000.

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Rubia Dias bought three houses for € 1 in Mussomeli, Sicily
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However, she quickly realized that the real cost of renovating the old property was much more.

The enthusiastic new owner, who speaks Italian, first learned about the € 1 houses after reading an article about the small Sicilian town online.

She was planning to retire in the country for many years and, after finding out about the transaction, purchased a property in the spring of 2019.

Upon arrival, she fell in love with the city that “sits above the clouds” and ended up buying three houses instead – including one for each of her sons, Yuri, 24, Ygor, 22, and her daughter Selena, 24.

She said: “They were all very excited and had different dreams and aspirations for the homes of the future.

“My youngest is considering opening a Brazilian café!”

While she wasn’t planning on buying that many homes, she added, “It’s how people make you feel that makes you say, okay, I’ll buy three. “

Several cities in Italy have made headlines in recent years for offering homes virtually free to buyers.

The Sun previously reported that there are around 25 regions that have joined the program, each with a number of properties.

Many areas have declining or aging populations and hope to rebuild the community.

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Mrs Dias fell in love with the Sicilian city which “lies above the clouds”
As a result, she ended up buying more properties cheaply for her family.
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As a result, she ended up buying more properties cheaply for her family.
This included his two sons (pictured here with his partner and stepson)
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This included his two sons (pictured here with his partner and stepson)
The other beneficiary was his 24-year-old daughter, Selena
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The other beneficiary was his 24-year-old daughter, Selena

However, as Ms. Dias found out, the properties that range from small houses to large villas are all in a very dilapidated condition.

“People have to have a level of reality,” Dias said. “If you sell me a house for $ 1, I know I’m going to have to fix it.”

“They revitalize the city and that’s why the house comes to you for € 1. Then you have to get the job done.

As a result, she warned that potential buyers should make any purchase with their eyes wide open.

Indeed, anyone who buys a house in Mussomeli must renovate it within three years, otherwise they risk losing their deposit, which would be € 5,000 ($ 6,032).

Ms Dias herself has already spent $ 12,000 on labor and materials for the first home and expects it to cost her around $ 20,000, which is the average in the area.

Overall, the charges could total € 60,000, according to his calculations.

The new owner has been working on the renovation of the old properties since 201912
The new owner has been working on the renovation of the old properties since 2019
So far, she has already spent $ 12,000 on labor and materials for the first home.
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So far, she has already spent $ 12,000 on labor and materials for the first home.
Anyone who buys a house in Mussomeli has to renovate it within three years, otherwise they risk losing their deposit
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Anyone who buys a house in Mussomeli has to renovate it within three years, otherwise they risk losing their deposit
Although, following the Covid delays, Ms Dias is hopeful that this current deadline will be extended for her and her family.
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Although, following the Covid delays, Ms Dias is hopeful that this current deadline will be extended for her and her family.

Fortunately, Dias claims that she “ultimately loves the architecture of the house and the history” of the old building, despite the high cost of the renovation.

She said, “There are a lot of construction companies out there that make it easier and the person who works in the city department is helpful.

“If you bring plans, he will give you the best advice. ”

While the pandemic has affected her planning a bit, she is now hoping the city will extend the deadline for renovations.

As long as travel restrictions ease, she also plans to take another group to buy homes in June.

For now, the adventurous home owner has plenty of key tips for anyone looking to buy their own € 1 in Italy.

First of all, she says to find out about the place you hope to buy, as they all have different payment structures and rules for when renovations should be done and by whom.

Second, she also advises buyers to give themselves at least a week to search for a home and be prepared that other people may want the home you are interested in.

She said, “If you find the location you want, let them know you want to register at home.

“There are a lot of people looking for these homes, and you have to be prepared,” adding, “Make sure you have options.”

Despite the costs, Ms Dias said she 'ultimately adored history and architecture'
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Despite the costs, Ms Dias said she “ultimately adored history and architecture”
She now hopes to take another group to buy houses in June.
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She now hopes to take another group to buy houses in June.

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