There are lots of properties in Italy in need of restoration which can be bought for a bargain price. You can find many farmhouses that have been almost totally neglected since they were built in the 18th and 19th centuries.
A building in Italy sold as requiring renovation is usually in need of substantial work or even rebuilding. Partly-renovated in Italy usually means that part of building is habitable or at least has sanitation, but the rest is need of restoration.
Obtain accurate estimates
It is worth to be noted that before buying a property that needs renovation or restoration, it is vital to obtain accurate estimates of the work involved from one or more reliable local builders. You should consider your budget for costs to be up to 100 per cent higher than quoted.
Consider some alternatives before buying a property in need of restoration as an extra 25 000 to 50 000 euro spent on a purchase may represent better value than spending a similar amount on building work. Usually, it is cheaper to buy a restored or partly restored property than a ruin in need of total restoration. The price of most restored properties doesn’t reflect the cost and amount of work that went into them.
If you bought a property in Italy that requires major restoration, the first thing to do is to find a reputable geometra, a professional whose job is a combination of an architect, engineer and surveyor. The main tasks of geometra include dealing with the paperwork involved in planning applications, drawing up plans and specifications for the restoration and overseeing the restoration work. If you are a foreigner, then his help will be vital for you.
The geometra will be your right hand in entire restoration process and you should choose someone with great recommendations and who you can trust. The fees of the professionals range between 5 and 10 per cent of the value of the restoration work.
It is vital to ensure that your chosen property has sound walls. If there are any defects found, it’s better to avoid the property as it is cheaper to erect a new building.