A project that never took off but with a balance between costs and opportunities. The 1 euro houses, analyzed digit by digit.
By the time they were announced, the infamous 1 euro houses piqued the imagination of several people. However, we are not talking about a gift and perhaps this is what made it partially unsuccessful. The goal of some municipalities was clear: restore old buildings and make them real homes, so as to avoid putting unsuccessful properties on the administration’s account and, perhaps, repopulate some abandoned fractions. A complex plan, also because most of the time the houses are owned by private individuals willing to sell.
But another problem has also arisen, or rather, a factor that was initially only partially taken into account. The so-called 1 euro houses, in fact, they were nothing but dilapidated structures, totally to be restored and, for this reason, in need of more or less burdensome interventions for the buyers’ portfolios. Basically, while they save on purchase costs, the charges would all have weighed on the restructuring. Clearly, under these conditions and having viewed the areas in question, the project was not very successful.
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Houses at 1 euro, the real price: here is the list of costs
The tour is not easy. The Municipality sells the house through a public tender at a symbolic price (1 euro in fact), after which it acts as guarantor of the seller. However, even if you decide to buy, it is good to know that it will not stop there. The project to repopulate abandoned villages or villages subject to diaspora, it collides with the expenses necessary to have a decent home. And, for the most part, the 1 euro houses are not decent. Among other things, the purchase process requires, varying from municipality to municipality, a deposit to be kept until the end of the works. Generally it is about 5 thousand euros.
In addition, a renovation project will also be presented to the Municipality. This means guaranteeing the performance of a professional, bearing in mind that the average cost is around 3,000 euros for a project. The work must not last more than a certain number of years (a few), otherwise the initial deposit will be lost. This is why, while buying symbolically for 1 euro, it is good to have the availability for the funds. This, however, varies from municipality to municipality. Some particularly isolated villages ask for a symbolic amount (even 250 euros) but with a fine if the work does not see light for three years (20 thousand euros in some cases). The advantage of renovating a home could be the policy of bonuses, those issued by the government to support the work and guarantee an important tax deduction. But this is only one variable. The real costs are something else.
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