The Daily Telegraph - Saturday - The Telegraph Magazine

THE REAL COST OF YOUR €1 HOUSE

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The requisite paperwork

Including notary fees and a compulsory draughtsma­n’s plan of the house, plus estate agent’s commission, ranges from €1,800-2,500.

The cost of renovation

This is obviously dependent on the condition of the house and the extent and ambition of refurbishm­ent plans. Sicilian constructi­on costs are significan­tly lower than in the UK. If no structural work is required, a rough minimum of €5,000 might cover the cost of rewiring and replumbing, as well as some basic remedial work in the kitchen and bathroom. More typically, making allowance for some roof repairs, full redecorati­on and a more extensive overhaul of kitchen and bathroom, the costs will range from €10-20,000.

If structural work is necessary – particular­ly to the foundation­s – you would be looking at up to €50,000 as a total refurbishm­ent cost. But even what might seem like major works can be remedied at reasonable cost.

Architect fee for renovation works: €1,200-2,000.

Annual fixed costs Including local tax, water, electricit­y range from €350-500, depending on the size of the house.

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