Cost of Renovations on my €5000 Italian Home

I've finally had the chance to review the financials to determine the total price I paid on the house that cost 5000 Euros in Mussomeli, Sicily. It was a premium house which means it is in better condition than the 1 Euro houses, but still needed work.

In today's video I'm going to review the condition that the house was in when I bought it, the scope of work for the renovations, and the costs to renovate the house.

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[Isimud]

Out of personal experience: I would always abstain from putting dry wall on moist walls. This creates an ideal climate for black mould growing in-between the walls. Even if you don´t see it, it might cause health problems. The only viable way I see is to block out all possible sources of moisture entering from above and from the ground, the usage of silicate plaster and colours and a good heating system.

[AFcreativearts]

Hi I am a renovator of some years and I really need to say I love your thoughtfulness and the detail you are going to sharing what you are doing. I remember seeing this reno and thinking why am i seeing a reno I could see in Australia, UK or USA when I am in Italy. You now must learn how to renovate and maintain the integrity of the age of a building. These original walls need to be treated with a breathable surface treatment, this allows the stone to breath. the moisture is a direct result of the plaster and rendering. If you look at the renos being done in Salento they are removing the render so the building can breath again. You need to look more at the balance of old with the new, I dont want to go to Italy and live in a modern house, I want the age and patina of these old houses. Having said all of this you have inspired me to go to this part of Italy and look at houses. I am seriously addicted to renovating and I have on my bucket list one in Italy and one in France. I cannot wait. I will definitely look you up, you have a beautiful spirit and are so generous to share with the world your renovating adventures.

[AnnaMeredith-em]

What a likable person.
You're genuinely pleasant.
I wish you and your team continued success. 🙏

[Shinn]

I just found your videos and channel. My wife and I dream of living in Sicily, this is very good information to know! While we cant afford it yet this does aid us in our planning

[rosemaries_life]

IKEA has great kitchens, I placed one in my home here in the states 11 years ago and it still looks brand new. Even my contractor commented on how good the quality was.

[michellew]

Hi Karl, great video. Thanks for explaining some of the damp issue. We are leaving in 11 days to head to our new fixer upper in Calabria. I plan to discuss that issue during our remodeling appt. I totally get what you’re saying about adding some Italian feel and warmth, we plan to do similar. I get a lot of inspiration from looking at Italian air bnb’s. I can’t wait for our project and to be back in our village. Btw, your a local now speaking with your hands lol.

[marcietownsend]

Funny - I started watching your videos two or three years ago just as the pandemic was starting so I put my plans regarding Italy on hold. Now that Italy is open again, your content will be my guide to if and how I might buy property in Italy or Sicily. (Sicilians view themselves as a separate country.) I hear Albania has cheap property too but it's just not the same.

[georgewraith]

Super stuff Karl, nicely done, if you go round the little market's you will find some great bargain pictures and wot nots... Enjoy

[MissFigureItOut]

Karl thanks for sharing the behind the scenes! Wow I didn't know about the humidity issue. In 2020, I was considering purchasing one of those 1 euro homes as my first investment property but I ultimately ended up purchasing a four apartment rental property here in the states. It is a 250 year old home and needed a gut renovation. On my channel, I'm sharing what it was like buying, rehabbing, and managing my rental property.

[pascalfl]

Karl. You are amusing. Thanks for being so honest.

[franciscaanaradoh]

I am a little sad about this Reno.The house as you bought it I feel only needed light renovations.it had a lot of character which I feel has now been eroded. An incredible buy for the money! Your original idea for renovation was spot on. Consider your market for rental as well as for sale and what they are looking for and it is certainly not a bland boxlike place. They want the character and feel of the old town and of Sicily but slightly updated. It is a one bed and that is something to consider. Who will pay this kind of money for just a one bed when they can get a premium property in the same town with more rooms and in great condition needing very minimal work for €25k upwards? Your original instincts were spot on I think and that is the lesson here. I am not trashing your property as you have updated it and made sure electrical etc are in top condition but in my very humble opinion you could have spent less. Still, someone will come along and fall in love with it eventually and I wish you luck with it.

[FrankFerendo]

What are the property taxes like on something like that? Also, what are the estimated returns if you are Airbnbing the property?

[mamartim]

It has been fascinating watching your journey with the Italian properties. I also came across another channel, 'Leave Everything and Wander'. They have recently bought a 1 Euro house in Sicily and are currently renovating it. The level of renovation required seems to be on par with what you had to deal with. I'm wondering, as they are Italian, whether that makes a difference to the quality of home that is available to buyers, as I thought that anything decent, and in that bracket, was snapped up a long time ago?

[laytalksabout]

Hi Karl! Thank you so much for sharing your experience on renovating homes 🏡 In Italy 🇮🇹 . It’s such a refreshing experience to see people of color, branching out and showing others to create generational wealth, while being a breath of fresh air to communities.

[zimecka]

I came across your videos today and checked out the website. I even sent an email for more info

[roundtwo]

8:31 What are the taxes on the property?
9:19 When does the water supply fluctuate in Sicily?
Where does the tank water come from? Is the tank water supply available all the time?

[RoRoRo]

How do you get rid of the existing mold inside the home? You can cover it with drywall, but it is still there & it's toxic.

[alana]

Hi Karl, would you have any necessary info on required permits and the ease/difficulty in obtaining them? (Ie. for the HVAC, plumbing, etc.)

[charmainhehewuti]

Your videos are amazing and what a beautiful place you and your team have created. I'm heading over to Musomelli next month to explore doing the exact same, I'm on a budget but your videos make it feel so doable THANK YOU 🙏🏾

[drewdrew]

Hi. I like your videos they're very informative I was curious how much it would cost to update electrical and plumbing in a semi fixed up home in Italy which I'm looking into.. I know it's probably based on the square footage say 60 square meters... Where could I get an estimate for something like that before I buy the home??