I bought THREE of Italy’s €1 houses but it’ll REALLY cost me €60,000

I bought THREE of Italy’s €1 houses but it’ll REALLY cost me €60,000

A CALIFORNIAN woman who bought THREE of Italy’s €1 houses has warned of the real price of renovating the bargain-priced properties.

Solar consultant and business owner, Rubia Daniels, took up the fantastic offer in Mussomeli, Sicily – but quickly realised that it would total a MASSIVE €60,000.

The enthusiastic new home owner, who speaks Italian, first became aware of the €1 homes after reading an article about the small Italian town online.

She planned to retire in the country for many years and, upon discovering the deal, took the leap of faith and bought up a property in the spring of 2019.

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

She said: “They were all very excited and have different dreams and aspirations for the houses in the future.

“My youngest is planning to open a Brazilian Coffee Shop!”

While she hadn't intended to buy so many homes, she added: 'It's how the people make you feel that makes you say, "Ok, I'll buy three."

Several towns in Italy have made headlines in recent years for offering up the nearly free houses to buyers.

The Sun previously reported that there are around 25 regions who have taken in the scheme, each with a number of properties.

Many of the areas have a dwindling or aging population and hope to build the community again.

However, as Mrs Daniels found out, the properties which range from small houses to larger villas are all in a very rundown condition.

'People need to have a level of reality,' Daniels said. 'If you sell me a house for €1, I know I'm going to have to fix it.

"They're revitalizing the town and that's why the house is coming to you for €1. Then, you have to do the work."

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

This is because anyone who buys a house in Mussomeli has to renovate it within three years, or they face losing their deposit, which is reportedly €5,000 ($6,032).

Mrs Daniels has already spent $12,000 on labor and materials for the first house, and expects that it'll cost her about $20,000, which is average in the area. 


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