I Bought A 1 Euro House In Italy - Renovation Plan

[@Karl__Pierre]

Want exclusive access to investment opportunities & explore the island's beauty? Join our SicilyTour October 2024! Limited spots, secure yours now: bit.ly/sicilysplashpage

[@conniesky]

Italy defenetely need more inhabitants like you ! THANKS FOR PURSUING YOUR DREAMS AND MAKE THEM TRUE !

[@hansbarampama4759]

When we buy a house on an abandoned field we can also use a part of the field to have a garden?

[@sarahharris2729]

he will not live there, he's doing it up to sell.

[@dranamarie]

I love how you are dedicated to keeping the simple charm of the property

[@Karl__Pierre]

Thank you

[@marias.514]

Amazing!! Thank you for doing this! I love it, because it's like you are saving these smalls cities and bringing them to life ✨

[@Karl__Pierre]

I wish I was doing more.

[@dorothyedwards7225]

I like the plans!! I'll have to check out your other two places in your videos.

[@SuperTikes]

I really appreciate you taking the time to show all of this. I've been hearing about the homes for years but nice to get the inside scoop from someone who's actually doing it.

[@jeffh7285]

That is great that you got 2 properties side by side and are able to combine. Please share updates along this journey and pricing.

[@Karl__Pierre]

For sure. I'll get into construction next year at some point.

[@fierywomanpacnw7004]

I love your energy and creativity... but also your common sense!

[@hansbarampama4759]

And I suppose it's safe to renovate this kind of house? The celling can't fall on your head when you are renovating? We don't have to fear this kind of incident?

[@nomifreimixes]

so excited i found this video and to see what you'll turn this property into!!

[@Karl__Pierre]

Exciting right!

[@aninditasinha7435]

Hello, it’s nice to watch your journey…I’m really excited to watch you build a new life in Italy..looking forward to more..thank you

[@Karl__Pierre]

Thanks for watching! Have you ever visited Italy?

[@aninditasinha7435]

@@Karl__Pierre no ..but hopefully very soon..btw I’m from India 🇮🇳..if you know of it..just got back to my country coz wanted to b with my aging mother can’t leave her alone anymore!..Have a lovely weekend..& thank you for replying

[@peggyd3368]

Wonderful! Love the color you are adding to exterior and the rooftop balcony! Glad you had a 2nd chance to get that property. It was meant to be!

[@Karl__Pierre]

Thanks so much!

[@orlandopoolebear]

Nice Karl. Can’t wait to see the completed work of art.

[@Karl__Pierre]

You and me both!

[@drewbranch7700]

As a keen observer of the “Property Brothers” and now having discovered your informative content,I find your video flogs fascinating . Keep up the good work.😊

[@Karl__Pierre]

Awesome, thank you!

[@marcocarlson1693]

You are terrific and doing great things! Complimenti.

[@Karl__Pierre]

Thank you so much!

[@thelouisejust]

Very exciting! Looking forward to seeing the progress.

[@Karl__Pierre]

Thanks for watching

[@paulquinn4704]

Leave everything and wander ( a couple on here) did the same thing, they have been renovating it over the last year, they also bought an olive grove.

[@Karl__Pierre]

Thanks for sharing!

[@mariademasi1760]

Yes and they are always exploring. It takes lots cash to get everything up to our standards

[@neilwadden1749]

Just saw these updates. Good for you. I’m an international teacher and doing one now. Interested to do what you’re doing in Italy

[@Karl__Pierre]

Nice where is yours?

[@neilwadden1749]

@@Karl__Pierre a small old apartment in Taipei. Building will be condemned in 15 years. Gutted it, new floors, toilet, kitchen.. now renting it out for double rent.

[@mentallywellthycoach]

I can’t wait to get there I am going in Jan!

[@Karl__Pierre]

Awesome, hopefully it all goes well. Who are you meeting with?

[@SeanReillyEsq]

Awesome Karl. Can't wait to see the progress.

[@Karl__Pierre]

You and me both

[@natpaler883]

Karl, I’m in love with Sicily and sooo inspired by your renovation projects. I dream of owning my tiny casa in Sicily but as I’ve never renovated any such place I’m scared to take a plunge.

[@Karl__Pierre]

enovating a place, especially in a beautiful location like Sicily, can be both exciting and daunting, especially if it's your first time. My advice? Start small and take it step by step. You don’t have to dive into a massive project right away. Focus on finding a property that feels right for you, and then tackle the renovation process with the mindset that it’s a learning experience. Reach out at [e-mail] if you need further assistance.

[@natpaler883]

@@Karl__Pierrethanks for taking the time to answer. You got the point! I’m going to Sicily this September and I’ll try to make some concrete first steps.

[@jeffjohns357]

Nicely done KP ✊🏿👍🏿💯

[@Karl__Pierre]

Thanks jeff!

[@jhanhynfooddiaries878]

Supporting you for this❤❤❤ Italy is a very beautiful country

[@Karl__Pierre]

Thanks for the support!

[@ht71229]

Thx for sharing. Looking forward to hearing more about how the space is transformed.

[@Karl__Pierre]

Absolutely will do

[@julioalvarez2836]

Very cool video! I have thought of doing this in Spain, the market is so similar to Italy. Many house for cheap with very cute village/town vibes! I have real estate in the US and in Mexico and I have always been curious about some Europe real estate!

[@Karl__Pierre]

Go for it! I have covered cheap homes in Spain as well. I think there is a lot that spain offers and you can get something interesting to add to your global portfolio.

[@julioalvarez2836]

Thanks for the motivation sir! I have been viewing those, you have quite the list of international real estate! @@Karl__Pierre

[@Greeneyedization]

Thanks for sharing this informative video! How much does rennovation cost in italy? Who takes care of your Italian apartments and their rental?

[@Karl__Pierre]

Giusi is my property manager

[@Karl__Pierre]

Renovations cost will vary based on conditions

[@CryptoTashi]

Interesting! Would you recommend Mussomeli or some other village?

[@Karl__Pierre]

@CryptoTashi Mussomeli is a really great town, good community and good expat community

[@williamharris8367]

Is it necessary to employ a local contractor, tradesmen, etc.? Would it be possible to DIY the project? Start by clearing out one room and living there while renovating the rest of the space. This will take much longer, but the goal is to minimize expenditures. The price seems like a bait-and-switch if one has to spend significantly more to hire people to do the renovations, etc. (And I do realize that the town's goal is to create work for the locals, but I am seeking to game the system as much as possible.)

[@Karl__Pierre]

@@williamharris8367 you can DIY

[@queenoftemplar]

Amazing thank you

[@Karl__Pierre]

Our pleasure!

[@aqeelaliani]

So in the end, what was your total cost of buying and renovating the 3 properties? This information would really help the potential buyers. Thanks

[@Karl__Pierre]

Properties 1 and 2 about 30k each. This 1 will run me closer to 45k since I'm starting basically from scratch. The one I'm doing now by the cost about 70k to restore. Again that was a total reno plus adding a additional level. Reno costs will vary from the starting point I'll make some videos on the costs of my 1 dollar home and the one by the beach to help offer people a sense of costs

[@aqeelaliani]

@@Karl__Pierre That'd be amazing. I look forward to that video. And thanks for your valuable response to my comment. Really appreciate it! :)

[@Esmeraldavalbuena-p6m]

Karl Pierre , could you recommend someone who does plastering and painting in Mussomeli?

[@Karl__Pierre]

Answered [e-mail]

[@mariatajes9054]

Looks nice,how much is this costing to restore??

[@Karl__Pierre]

I think it will run me about 45k

[@hubertshelby8357]

Good info, but what did the Renovations Cost ???

[@Karl__Pierre]

@hubertshelby8357 haven't renovated this one. I have 3 other properties. Estimate 60 a square foot for this one i think I'll spend about 45k on this one maximum

[@hubertshelby8357]

@Karl__Pierre thanks for the update.

[@susanryan3579]

Those plans are exciting! Looking forward to you working your magic on this home.

[@Karl__Pierre]

Thanks me too!

[@MrSky21448]

How much is the projection cost for renovations?

[@Karl__Pierre]

This 1 will run me closer to 45k since I'm starting basically from scratch. Reno costs will vary from the starting point. I'll make some videos on the costs of my 1-dollar home and the one by the beach to help offer people a sense of cost.

[@grizzlyofalaska]

Hi Karl, I have identified a property in Sora which is two hours north east of Rome by car. Would you advise me to find local builders, would you recommend a builder, lawyer and surveyor?

[@Karl__Pierre]

@@grizzlyofalaska certainly find local

[@vishy]

This dude is inspiring

[@Karl__Pierre]

Thanks

[@katjaxxx7353]

I like the idea but: I’ve seen some people from I think Canada who put in €400.000 to renovate and concidering the headache of renovating I would rather buy a second hand flat

[@Karl__Pierre]

For sure all depends on you, your style, budget, etc

[@brienekamoloney5697]

hey! just curious, whats your budget for the renovation, mainly of the 1 euro property please

[@Karl__Pierre]

35k

[@plymouthcolt]

Wonderful!! The renderings look great. You have inspired me. I saw the same CNN article years ago, but was afraid of the overseas commitment.

[@Karl__Pierre]

Go for it when you have a chance.

[@FSSpag]

Wow this is beautiful

[@FSSpag]

Good on you….🎉🎉🎉

[@Karl__Pierre]

I appreciate that

[@madil5974]

Hello, thanks for the informative video. You are living my dream!! Buying a euro home has been my dream for many years. Now I finally have enough time and money for a house and renovation. But these are some things I have been wondering for a long time but never had someone to ask. I have a couple of concerns: 1) I speak zero Italian. Is finding a contractor very difficult with no Italian skills? 2) I am not a Caucasian and am a minority woman. Have you experienced any racism? Since I have a child especially, I would not want to take him somewhere that shows blatant racism. Not saying Italians are racist at all but things could be different in small remote towns in any country. If you happen to have time, I would very much appreciate your insight. No worries if you don't have time. I still want to tell you I enjoyed the video and I wish you much luck on your journey!!

[@hansbarampama4759]

There are also 1€ boats in Italy?

[@cmc6299]

Can you give us some idea what architects and tradesmen cost when employed for renovating these small houses? Is the cist of tradesmen & architects etc prohibitive or are they reasonable/cheaper than in the USA? (I live in Ireland and tradespeople are VERY expensive to hire as are architects etc

[@Karl__Pierre]

Much cheaper. Trades $1500 -2000/ month in Salary.

[@TravelingSag]

I’m interested to know how the locals feel about your changing the exterior to add color to the home. I would they wouldn’t be happy, but let me know. 😊

[@Karl__Pierre]

They are cool with it, the new developments in the town are pastel colored.

[@LokeshSharma-me5pg]

i also wanna buy these 1 euro house but have some questions. How much area did you get for one euro and how much approx did you spent on renovations?

[@Karl__Pierre]

Size will vary. Expect to renovate at $40-60/sq ft for your typical 1 euro home. There are properties in much better shape that offer more value. The 1 euro price makes sense only for those who want the project.

[@DanielHBuchmann]

so how much did the renovations cost?

[@Karl__Pierre]

Haven't started but I think in the area of 35-40k

[@theMetropolitan99]

Instead of selling cheap houses to foreigners for airbnb which pushes up the price for locals they should cut the taxes for Italians instead so the Italians can buy

[@Karl__Pierre]

Thanks for sharing

[@MasweghoChris]

What are the best sites to buy these?

[@Karl__Pierre]

There isn't a common website but my team at www.cheaphousesinitaly.com can assist with locating a property for you also we are hosting several real estate tours in Sicily for cheap homes and more move in ready homes. To check that out visit www.entplife.com

[@rollingstones911]

How old do think these buildings are?

[@Karl__Pierre]

Interestingly, houses in Mussomeli, Sicily, often date back several centuries, with many properties built during the medieval and Renaissance periods. Mussomeli is known for its historical architecture and the town's buildings typically reflect the rich history and cultural heritage of the area, with many homes being several hundred years old.

[@doulava5293]

Let me know when you want visitors!!

[@Karl__Pierre]

Will do

[@TropicTrdr]

I really like the modern interior aesthetic combined with the original stone exterior. I've stopped by from time to time and saw the original CNN article that motivated you. Since I'm helping an aging parent, my timeline is further out but a concern is driving and you need residency to buy a car. Did you get it or is there an inexpensive way to rent a car if you're there for 3 months? BTW, I have been following Danny's The Good Kitchen over there for awhile.

[@Karl__Pierre]

Well you can do a purchase with a rental car company and a lease back. You can also make a friend that is willing. I've met Danny once but never really got that deep into a conversation with him.

[@sagtarious5555]

What is the new update about house?

[@Karl__Pierre]

This one...nothing working on my other one on the coast I won't start renovations on this one until 2025

[@shabannoorani1088]

the govment shud give complementary lights +wifi water to the investers who bring life to this area. but i heard its hard even to pay n get the said facilities there. in redoing the property it cost more than a new house..lol

[@Karl__Pierre]

@shabannoorani1088 it doesn't cost more than building a new home. I would say it's better to buy a comparable sized home in the same area that is in good shape. For example this house will cost me about 40k to redo. But for 40k I could be a a larger home there that make only need paint and a few creature comforts for say 25k. So the 15k difference can be spent personalizing. These one euro homes are for people that want the challenge and have the will to take it one without thinking of value/money

[@POTThaesslich]

so what are you doing with these houses? arent they sold to attract new residents?

[@Karl__Pierre]

I use them as vacation homes. They are sold to get people to take responsibility for them. Residency is not granted for buying them so the intent isn't that. The intent is to have responsible owners that will restore them, spend money in the local economy, and pay taxes (of course). Some people will relocate others will use them partially. I use them as a cultural immersion for my family

[@mariademasi1760]

Im Sicilian from the southern part. Homes more expensive by the ocean and larger cities. Also more tourism in the outer part of the island. Unfortunately interior siciy more remote and less tourism therefore property less expensive. Good luck on your adventures!!

[@chargernoises]

What watch do you wear here?

[@Karl__Pierre]

This is a Tissot PRX Powermatic 80. It's my everyday watch, rubber integrated band that I can wear casually without worry. Into watches?

[@kazoo6688]

so how can i actually buy it?

[@Karl__Pierre]

Visit bit.ly/cheaphousesinitaly or email me at [e-mail] for more details.

[@Mohammadali_7]

❤ I am from Iran and this house in my opinion is great i have 2 children and its enough for us now how can buy ones if possibel tell us my wife accepted to immigrate there be happy thank you for you videoes❤

[@Karl__Pierre]

Buying a house does not buy you residence. I recommend speaking with an immigration attorney for guidance on your options. Additional yes I can help.

[@thurkish3558]

How can buy this property? Because I live in Pakistan.

[@Karl__Pierre]

First step would be to visit

[@livingmybestlife6380]

How much do renovations cost you on average in your experience?

[@Karl__Pierre]

From 30-60/ a sq foot

[@t.c.4321]

Great quality video ! Best of luck with the property. If you are interested in property investment in Europe, I suggest looking at France, where you can get an investment mortgage, 1-2% rates, and a down payment of just 10%. Rental market is pretty strong there as well and you could get a healthy portfolio with regular income from long term renters.

[@Karl__Pierre]

Interesting can you email me more information to [e-mail]

[@nozrulislam5521]

Hi do you know any builders in Sicily ?

[@Karl__Pierre]

yes please reach out to me via www.cheaphousesinitaly.com from they you can book a call as well as be connected to my team.

[@shannanfarrance5993]

Do you have to agree to put X amount of money in order to buy one euro house?

[@Karl__Pierre]

No you just have to take responsibility, pay taxes and make safety repairs

[@dajeongjeon8168]

"Hello. We are Channel A, a broadcasting station in South Korea. We will be using a portion of the provided video for public interest purposes in our news program. We will credit the source. Thank you."

[@Karl__Pierre]

Send link when available

[@Αρθορο]

1 euro house is 40-50 thousand euro house in fact but for that price you have holiday house in kinda abandoned area 😮😅

[@Karl__Pierre]

All depends how you want to look at it. For some homes you can spend less than 20-30 to buy move in ready. As a pure investment I don't advise buying these homes but if you want a low cost holiday home it's totally worth the spend. One can make the same argument for a car. Why spend 60k on a car in 10 years will be worthless or unusable in some cases...yet people still do.

[@mariademasi1760]

Less headache to buy a cheap house that has electric and running water!! Dont want to worry about finding trades and waiting for months/years to move in

[@Moxyguyliam]

Why not knock through to you adjacent property and make something bigger?

[@Karl__Pierre]

I mentioned that. Right where you walk in will build a walk through

[@AlbertDennis-f2c]

My name is Albert Dennis. I live in Cheyenne, Wyoming. I'm intrigued by the idea of buying a home in Italy and would appreciate any insights you can provide about the process.

[@Karl__Pierre]

Sure I recommend booking a call or messaging through my website www.cheaphousesinitaly.com

[@AbdallahkEjgannour]

Bonjour monsieur j ai envi de venir en Italie merci

[@Karl__Pierre]

Come on down

[@bluetrane8052]

Not bad, but the kitchen area has no natural daylight, I'm conviced it could be arranged better than that...

[@Karl__Pierre]

Thanks for sharing your feedback

[@centurione6489]

Renovation will cost 5-600 Euros per square meter. Double that for extensive renovations. In this case 1000 Euros/square meter won't be enough. These costs assume that there aren't major undetected problems and that you'll find a competent and honest contractor (which in some areas is next to impossible). If you need to go to an Italian court of "justice", you'll never see your money again. EVER!

[@Karl__Pierre]

I love your positivity... This is my 4th one with the same contractor. Hasn't been my experience at all, but I suppose this can be the case for others.

[@annette8986]

Looks cold

[@Karl__Pierre]

I promise in the summer it's not

[@kevinwilliams7355]

Can you suggest an agent to me?

[@Karl__Pierre]

Yes email me at [e-mail]

[@CrestaniGiacomo]

I am italian, in my humble your opinion u may have done a big mistake buying there, this is a whole maf1@ area. Plz take care, you show to the audience that you look smart, but this is not a very smart move. There is a reason why people sell house for one euro. Not all glitter is gold...plz take care!

[@Karl__Pierre]

Where do you currently live?

[@hansbarampama4759]

What do you explain at 4:15 after you spent 12000€ for the renovation of your 100 SQM home the previous owner told you he wants the house? Dors it means he made you an offer to buy you the renovated house?

[@Il_Chigol]

Don't trust him, small towns like Mussomeli are really safe. There is no mafia everywhere in Sicily. People sell houses for 1 euro because people move to bigger cities or to northern Italy, nobody wants to live in small towns anymore

[@charlene6306]

SadlyI agree! I know Sicilians and I JUST wouldn’t. These people flashing their $$$ are either brave or naive

[@BADDandBOUGIE]

@@charlene6306😂😂 You must not know about Americas Pookie And Ray Ray From Compton and Watts and South Central. They ain’t Skerd. African Americans are not running away. We are Resilient. ❤He will be fine. lol 😂😂😂😂

[@MichaelCoble-g6m]

King Creek

[@Karl__Pierre]

Yerp

[@elbigotesdelatienda]

Entrepreneur? That's the word for people that don't like to work, right?

[@PriceActionPro]

Go define that word. You seem uneducated.

[@elbigotesdelatienda]

@@PriceActionPro I meant "a" word, not "the" word. Because there are many others, like "trader"... Bum! 🤣

[@Karl__Pierre]

Lolololol you have no idea how much entrepreneurs work...they work so hard that they not only provide for themselves but create jobs and employment opportunities, even for morons like you. Clearly, you don't have the skills or mental capacity to be an entrepreneur...it shows in your comments.

[@elbigotesdelatienda]

@@Karl__Pierre You're funny.

[@noelasaji5238]

And make a ton of money. So I’d say smart people.

[@LillianaHyatte-x6f]

Jennie Avenue

[@Karl__Pierre]

Huh

[@LifeofMinna]

I wanna move to Mussolini...life in Canada is getting kinda lame. I am Estonian so I could live there forevaaa

[@Karl__Pierre]

Thanks for watching! You can visit bit.ly/cheaphousesinitaly or email me at [e-mail] if you need assistance. We also have a Sicily tour coming up: bit.ly/sicilysplashpage

[@justjack3075]

scam

[@Karl__Pierre]

Yes you're right, anything that is unbelievable to you is a scam.

[@donbrown1284]

One earthquake away from disaster.

[@Karl__Pierre]

We all die

[@donbrown1284]

@@Karl__Pierre True...some sooner than others.

[@MrFruchtzwergli]

Wouldnt even wanna live there if i get paid. Soooo scary

[@Karl__Pierre]

Haha just needs to be fixed

[@bewater8417]

It costs more than 1€. It costs a few thousand for all the fees involved. And you need to sacrifice precious living time renovating a damaged building in a foreign country. Its a bad decision to pursue such endeavor.

[@Karl__Pierre]

Why is it a bad decision? Yes, it will naturally cost to renovate, but the journey, though challenging, can be incredibly fulfilling and worthwhile for those passionate about creating their dream home abroad. Each person just has to do what's right for them.

[@homeoffice3524]

I like how everyone is silent about what you can lose to buy 1e house 😂 Is approx 10k Euros 😂😂😂 Usually it's 5k deposit what you instantly lose if didn't finish requirement in time and most of time is another 5k paper work 😂😂😂

[@surpriserakins9067]

If you buy a house for 1 euro, its reasonable to expect to spend tens of thousands of euros on it, right?

[@Karl__Pierre]

Because most people don't default to negative thinking.