Rubia Daniels had often heard tales of acquiring real estate for a minimal cost. One day, she decided to embark on such an adventure herself, purchasing a house in Italy for just 1 euro.
Indeed, Rubia became the owner of a property in a dilapidated condition. She decided to create an estimate to calculate the real investment required for such a property after all renovation work was completed.
The main challenge was the contract she signed at the time of purchase. The agreement stipulated that she couldn’t live in the house until the renovations were finished, with a maximum allowable reconstruction period of three years.
.
Despite the extensive work needed, Rubia immediately set out to realize her project. She understood that failing to complete the renovations on time could result in a 5,000-euro penalty from the state and the loss of the property. Ultimately, Rubia spent just over two years on the renovation, investing 20,000 euros in materials and 35,000 euros in labor.
In summary, Rubia’s venture cost her 55,000 euros for an 80-square-meter property. She hopes that her detailed estimate will assist others who are considering similar projects.
