California woman who bought THREE of Italy's $1 houses warns about the REAL costs of renovating

[WarGamer]

40. I can also add details...

I visit the Abruzzo region every year...

And I learned a bit about the 1 Euro program. For one thing, like the article said, they're expensive to rebuild. Two, it's kind of like a Welfare program for the local contractors and they know you're a foreigner and charge 3x the local rate.

Here's MY advice.

Stay away from the 1 Euro stuff with conditions.

Just buy a "needs re-model" on the regular market.

Easily find a 150sm stone townhouse with a new roof, solid bones and in need of an interior refit for 20,000 Euros.

Have a better budget? 120,000 Euros will get you a filly restored gorgeous 350sm Palazzo in a rural setting...