Monday, June 16, 2008


House of the day









On restoration...a real estate option

It's quite common here for developers here in Le Marche to leave a house 'al grezzo' This means that it is 80% finished. And this means property is structurally rebuilt with new roof, floors and walls, but that plumbing, electrics, doors and windows have yet to be put in. Why would anyone do this? Two reasons; one being that often buyers like to do the finishing themselves and make the property more theirs
Or at least this is the presumption by the owner. But I think that more often it is to disguise the final cost of these latter aspects (i.e. they are costly) Big advantage is that you get to see the property more or less as it will be without all the hassle and stress of doing the re-building yourself. Worth checking out this option, but make damn sure you are aware of final costs

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