General Discussion

FakeNoose

(32,634 posts)

23. I can see taking a chance on one house - but THREE?

Mon May 3, 2021, 08:24 PM

May 2021

Forget it! Plus you need a place to stay while all the work is being done, because none of those places look like they are livable right now.

All three will probably need to be gutted and started over, with new roof, new plumbing, walls, wiring, windows, the entire works. If she can find some good reliable renovation workers it could make all the difference. But they could also rob her blind if she doesn't speak the language.

I'd keep the best house and sell off the other two - "as is."

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Highlight:

California woman who bought THREE of Italy's $1 houses warns about the REAL costs of renovating [View all] Demovictory9 May 2021 OP

Sounds like a great investment....Only 1 of 3 needs to be worth the minimal down-payment. OAITW r.2.0 May 2021 #1

Looks like a nightmare to me Rorey May 2021 #2

i just don't care for unreinforced bricks... need to put some rebar in there Demovictory9 May 2021 #5

Agree Rorey May 2021 #7

Some look co-dependent on each other. If one goes, there might also be a domino effect. TheBlackAdder May 2021 #54

No kidding. This Californian wouldn't spend a night inside one of those as they are. nt Hekate May 2021 #33

they've stood for 300 years... you think they're gonna fall next year? WarGamer May 2021 #44

The mortar looks about 300 years old & the wood fittings are rotted. Rebar, sir, rebar. nt Hekate May 2021 #46

They do... WarGamer May 2021 #47

I know nothing about them, but by the looks, I wouldn't be surprised if some it was WW2 rubble Captain Zero May 2021 #52

Really? SoCalNative May 2021 #3

I wonder if she's being realistic about the renovation cost Rorey May 2021 #11

She isn't complaining. She is sharing her experience. LisaL May 2021 #21

good luck sister! TallMike May 2021 #4

No upcharge for one with a view of the open graves! nt Shermann May 2021 #6

It does kind of look like open graves at first glance, but it's just a building in the foreground... RussellCattle May 2021 #10

I'm out then Shermann May 2021 #18

Agreed. It's an old stone wall. greatauntoftriplets May 2021 #31

There's a reason (probably many) Disaffected May 2021 #8

I see structure cracks in the outside walls that look bad, one good shake u are buried in rubble Shanti Shanti Shanti May 2021 #37

they require the work be done by local craftsmen... WarGamer May 2021 #45

Did she not do any research ? I read just one article on this JI7 May 2021 #9

Watch that first step on the balcony. lpbk2713 May 2021 #12

Yeah, saw one of those in Buenos Aires. dhol82 May 2021 #13

noticed the floorless balcony. also the climbing bars from the slanted roof to the top roof Demovictory9 May 2021 #27

If it sounds too good to be true . . . . . . . no_hypocrisy May 2021 #14

How old are those places? LeftInTX May 2021 #15

Recently renovated. Mr.Bill May 2021 #17

There was a TV mini series on one of the Mr.Bill May 2021 #16

seen shows like it, renovation of these big stoned homes.. it does appear like excavating the rooms Demovictory9 May 2021 #24

I've seen a number of these on moonscape May 2021 #19

HGTV shows. the views from the windows are ENCHANTING!! BEAUTIFUL! Demovictory9 May 2021 #26

Why the smiley face Newby2 May 2021 #28

Because the concept of a country with no moonscape May 2021 #43

Right Newby2 May 2021 #50

Of course DenaliDemocrat May 2021 #35

That's cheap as renovation costs go spinbaby May 2021 #20

No way even one of those will be completed in three years. LuckyLib May 2021 #22

I can see taking a chance on one house - but THREE? FakeNoose May 2021 #23

Am I supposed to feel sorry for this idiot? Coventina May 2021 #25

60,000 is nothing ... that's 20,000 a house ... reading on uponit7771 May 2021 #29

Spending $60k over three years to renovate three houses sounds like a pretty sweet deal to me StarfishSaver May 2021 #30

Those houses look like they would need a lot more than 20k each in renovations to me. LisaL May 2021 #32

She has completed reno on the inside Demovictory9 May 2021 #34

Article shows photos of her doing some repairs inside. LisaL May 2021 #36

lots of $$ WarGamer May 2021 #41

Yeah, there's no way she'll be able to renovate them all for that amount of money. ShazzieB May 2021 #48

At least if she lives there, she'll get healthcare as a basic right. n/t area51 May 2021 #38

If it's too good to be true........ sarcasmo May 2021 #39

I can also add details... WarGamer May 2021 #40

Back in the early 'nineties my wife and I looked at a lot of one dollar homes... hunter May 2021 #42

Looks pretty depressing to me. smirkymonkey May 2021 #49

First world problems, buying 3 homes for $3 and needing to spend $60k to fix them up. dilby May 2021 #51

I've easily spent $60k on my house the past couple years superpatriotman May 2021 #53

Much will depend on the local requirements for the renovation. MineralMan May 2021 #55

What a neat thing to do. I envy her, that takes some pluck. Wingus Dingus May 2021 #56