Very important opening statement Brad and I think you should occasionally insert it into videos in the future. Italy is not dying but it is losing population and some places will see a slight increase and some a big decline. My short philosophy is, make your money in America, have a life in Italy.
@@BradsWorld this statement sounds like you see Italy as a cheap living opportunity, but I would be curious to learn what efforts you have made to understand Italien and/or European culture, learn the language, etc?
Sir, thank you for explaining the truth of property ownership in Italy, the other posts aren't honest and one could make a bad business decision without knowing the truth when leaving their home country. I also commend you for establishing room rentals in you beautiful home in Tuscany. Happy Holidays and Happy NEW YEAR
Price vs amenities I believe! 🤣 Gotta show a range. Thanks for the great comment like always. Maybe next weeks will be better for you (same town, crazy nice palace apt).
Amen. The last thing Italy needs right now is real estate speculators making it impossible for locals to buy a home. Look at the disasters they have caused in Australia, Canada, NZ and America. You buy a home in Italy as your forever home, you keep it in the family and pass it down to your kids.
And I doubt speculators will be driving up prices much, except in very limited (and I mean VERY limited) areas. I know a large number of locals and I have yet to hear someone say they couldn’t buy a house when they wanted to. Most people do not want to live right in the historic district of towns, and that seems to be the number one thing that Americans and other foreigners are buying… Reason so many homes here sit vacant is because there’s no carrying cost, meaning there’s no meaningful yearly taxes to be paid. And the homestead vacant because there’s no one in the family that wants to take them over. Sometimes that’s because of the cost to bring them up to modern standards and sometimes it’s just because there’s more than enough homes to go around.
Great opening and real money talk. I will look around for quite sometime, hang out in some places for a while to see what time it is, so to speak. Searching is half the fun.
I would design a small kitchen on the second floor, ( while improving on the first floor kitchen and adding a small bathroom on first floor ) and if the municipality allows this, then, I would have two small apartments. One on each floor.
Nice place, a bit small, wish it had a cantina; I would open up part of that thin wall between the kitchen and dining room and have a long pass-through, with a nice marble countertop, so you can see from the kitchen into the dining room.
A designer I knew once said, "if you cannot improve it enough to quantify the renovation dollars, pull the ugly into an artistic expression".....perfect example of that. But easy to upgrade and it a GREAT place..
I think you could add a kitchenette on the upper space and try to reconfigure the lower level to add a bathroom and make this 2 small studio type units.
A very good point and something I've also noticed in my research. There's a coupe properties I've liked and noticed recently they are still for sale after a couple years. Those walls would kind of go with restoration hardware furniture.
I’m telling you that’s the best plan! A gift that keeps on giving. One of my daughters came and stayed for two months and one of our rentals before it went on the nightly market. Gave her a great introduction to learning Italian and lifelong memories.
Very good advice regarding the nonliquidity of most Italian real estate. Such a different market from Maui. The window hardware in Italy is far better than most I have seen in the USA. The quirkiness of the apartment would suit me for a vacation. I admit it...I've been stealing those toilet seats! I have walls and walls of them. 🤣
I suspected as much…! The trail ran cold when we hit the Pacific… on a serious note, the stuff you find here for like bathrooms, windows and doors, the stuff that’s made here in Italy, which is most of it, is fabulous and the prices are really very reasonable.
Thanks for the video. How does it work with the other flat/apartment in the building, I mean who is responsible for what (the roof, external walls, foundations etc)?
And like I always say, it’s cheaper than buying a decent used car here. If you want a footprint in the country of Italy, there’s lots of neat places you can find for under €50,000.
I must confess, this looks like a pretty desperate proposition. I don't mind working on and renovating a property, but this configuration and this town is not my cup of tea. I took what you said about "spending your life here in Italy" to heart, and I prefer your other properties.
Absolutely understood! Each town is somewhat unique. (although if I dropped you in the middle of one historic district without any landmarks, I doubt you’d be able to tell me what town we were in). But yes, every place is different and everybody’s looking for something different as well. There’s tons available here. You’ll find your forever home.
There is no property tax. Tell my if I bought a house out right there could I afford to live there say on social security of about 1300 to say Hopefully 1500 a month plus my 401 k
@davidparrish; an Elective Retirement Visa (ERV) requires you to show about $32,000/yr passive income to live year round. After 5 years, you have permanent residency and no more requirements. After 10 years, citizenship. Check it out. Good luck!
Exactly. I think some people have a skewed sense of what you can really get in Italy for under €50,000. It’s nice to see a place that’s at least livable although quirky. It’s hard to find a nice car here for less than €20,000.
Very important opening statement Brad and I think you should occasionally insert it into videos in the future. Italy is not dying but it is losing population and some places will see a slight increase and some a big decline. My short philosophy is, make your money in America, have a life in Italy.
Americans and other foreigners are in a very good position to liquidate in their home country and come here and live like a king.
@@BradsWorld this statement sounds like you see Italy as a cheap living opportunity, but I would be curious to learn what efforts you have made to understand Italien and/or European culture, learn the language, etc?
Very important opening comments Brad. 😊
Thanks! Thought people should know my thoughts. 😬. Still a great place to buy!
Sir, thank you for explaining the truth of property ownership in Italy, the other posts aren't honest and one could make a bad business decision without knowing the truth when leaving their home country. I also commend you for establishing room rentals in you beautiful home in Tuscany. Happy Holidays and Happy NEW YEAR
I just can’t get passed having to go upstairs and passed neighbors to get to the rest of the apartment…Thanks for showing!
Price vs amenities I believe! 🤣
Gotta show a range. Thanks for the great comment like always. Maybe next weeks will be better for you (same town, crazy nice palace apt).
@@BradsWorld the perfect situation would be to buy the neighbors place and have a big place to work with.
Amen. The last thing Italy needs right now is real estate speculators making it impossible for locals to buy a home. Look at the disasters they have caused in Australia, Canada, NZ and America.
You buy a home in Italy as your forever home, you keep it in the family and pass it down to your kids.
And I doubt speculators will be driving up prices much, except in very limited (and I mean VERY limited) areas. I know a large number of locals and I have yet to hear someone say they couldn’t buy a house when they wanted to. Most people do not want to live right in the historic district of towns, and that seems to be the number one thing that Americans and other foreigners are buying…
Reason so many homes here sit vacant is because there’s no carrying cost, meaning there’s no meaningful yearly taxes to be paid. And the homestead vacant because there’s no one in the family that wants to take them over. Sometimes that’s because of the cost to bring them up to modern standards and sometimes it’s just because there’s more than enough homes to go around.
Great opening and real money talk. I will look around for quite sometime, hang out in some places for a while to see what time it is, so to speak. Searching is half the fun.
I would design a small kitchen on the second floor, ( while improving on the first floor kitchen and adding a small bathroom on first floor ) and if the municipality allows this, then, I would have two small apartments. One on each floor.
Nice place, a bit small, wish it had a cantina; I would open up part of that thin wall between the kitchen and dining room and have a long pass-through, with a nice marble countertop, so you can see from the kitchen into the dining room.
A designer I knew once said, "if you cannot improve it enough to quantify the renovation dollars, pull the ugly into an artistic expression".....perfect example of that. But easy to upgrade and it a GREAT place..
Great shots!
I think you could add a kitchenette on the upper space and try to reconfigure the lower level to add a bathroom and make this 2 small studio type units.
Love this one!
A very good point and something I've also noticed in my research. There's a coupe properties I've liked and noticed recently they are still for sale after a couple years. Those walls would kind of go with restoration hardware furniture.
I would only buy to love and live there.
More Shabby, less Chic LOL! Love the intro, I am looking for something that I expect to be in the family forever.
I’m telling you that’s the best plan! A gift that keeps on giving. One of my daughters came and stayed for two months and one of our rentals before it went on the nightly market. Gave her a great introduction to learning Italian and lifelong memories.
Very good advice regarding the nonliquidity of most Italian real estate. Such a different market from Maui. The window hardware in Italy is far better than most I have seen in the USA. The quirkiness of the apartment would suit me for a vacation. I admit it...I've been stealing those toilet seats! I have walls and walls of them. 🤣
I suspected as much…! The trail ran cold when we hit the Pacific…
on a serious note, the stuff you find here for like bathrooms, windows and doors, the stuff that’s made here in Italy, which is most of it, is fabulous and the prices are really very reasonable.
Thanks for the video. How does it work with the other flat/apartment in the building, I mean who is responsible for what (the roof, external walls, foundations etc)?
Nice place. The price is very good. Obviously you will have to spend money, but you will have a nice property.
And like I always say, it’s cheaper than buying a decent used car here. If you want a footprint in the country of Italy, there’s lots of neat places you can find for under €50,000.
Honest advice is hard to find these days!
Um cortiço .
Ok
I must confess, this looks like a pretty desperate proposition. I don't mind working on and renovating a property, but this configuration and this town is not my cup of tea. I took what you said about "spending your life here in Italy" to heart, and I prefer your other properties.
Absolutely understood! Each town is somewhat unique. (although if I dropped you in the middle of one historic district without any landmarks, I doubt you’d be able to tell me what town we were in). But yes, every place is different and everybody’s looking for something different as well. There’s tons available here. You’ll find your forever home.
This apartment is 1/3 the cost of 1 year of my son’s college tuition 😮
Ouch!
There is no property tax. Tell my if I bought a house out right there could I afford to live there say on social security of about 1300 to say Hopefully 1500 a month plus my 401 k
With your reserves, you could live very well in the Western Cape Province of South Africa .
@davidparrish; an Elective Retirement Visa (ERV) requires you to show about $32,000/yr passive income to live year round. After 5 years, you have permanent residency and no more requirements. After 10 years, citizenship. Check it out. Good luck!
Would owner take payments on the apartment?
Doubt it. Not when the price of the house is less than your average decent used car.
Little ghetto but what you except for 30k
Exactly. I think some people have a skewed sense of what you can really get in Italy for under €50,000. It’s nice to see a place that’s at least livable although quirky. It’s hard to find a nice car here for less than €20,000.