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Thursday, January 13, 2011

A Guidline on Restoration Properties in Italy

Undertaking a renovation project in Italy can be very challenging but can also be plenty of satisfaction. Putting your own sign on a property to restore means to bring back to life a home and it is also very important to keep the region's architectural traditions, resulting into a home that reflects your own identity and expectations and at the same time can also fit into its natural surroundings. Restoring is not for everyone, it means time and money. Undertaking a restoration project, of course, is time and energy consuming. For a standard home, assuming the building structure is sound, a complete renovation with a supervision service takes between 6 months and a year.

A good way to save money is to do some of the physical restoration work yourself, but before starting to restore a home make sure you have the necessary technical skills, in order to avoid expensive setbacks, loss of time and poor results. For example, could you restore the roof of your Italian ruin by yourself? Are you able to check the condition of the existing foundations? Don't worry, in case you need some help you can always ask your Italian Real Estate Agency, which usually works with a network of selected partners and professionals, such as architects (Architetto) or Geometra (surveyors), which you must have to sign any restoration projects. We suggest you use an architect, especially if you have particular requests to realize your dream home. However, the use of a Geometra is usually enough to satisfy any standard needs.

The expenses of restoration for an Italian property depend on several factors, mainly on the size, on the structural conditions of the house to renovate and on the quality of materials that you choose. Italy has a very wide variety of great materials and a long tradition of their skilful use. If you have a generous budget, you can restore your dream home using local traditional materials like terracotta floors, wooden beams, travertine, etc. If you have a more modest budget, you can use medium-priced materials that still have very good standards and will allow you to have a high-quality result.

Labour costs and sometimes even prices of materials vary from one region to another. For example costs in Tuscany can go from €1000/1500 per square metre for a renovation that keeps original features using standard quality materials, to €2000/2500 using luxury materials. Umbria is a bit less expensive and prices go from €1200 to €1400 per sq. m.; Sardinia from €700 to €1000, about €1000 are needed in Liguria, from €700 to €1500 in Le Marche and from €400 to €750 per square metre for a restoration in Sicily.

You should also be aware that renovation estimates usually refer to building work alone and do not include plumbing, electrician's fees or finishing costs. You should ask for these separately or at least ask whether they are included. Moreover, a good way to avoid contingencies putting you over your budget, is to choose a property with an agreed fixed-price contract on its restoration work. Finally, you can obviously save a considerable amount of money in the long-term by following the principles of green building that is energy efficient and environmentally friendly. 

Green building incurs higher initial costs, but will save you money in the long run and will reduce the overall impact on the environment. To give you an idea, a restoration using green-building materials that incurs a 15/20 per cent increase in costs on normal restoration, can save you up to 50/60 per cent on utility bills; whereas if we consider reconstruction with an upfront investment of 30% more, you can almost forget your bills and save in the region of 90%. At any rate, once the project of your restoration property is done, you will be for sure the proud owner of an Italian home that fully reflects your taste and your identity.