Rubia Daniels had long heard fascinating stories about people purchasing properties for next to nothing. With a leap of faith, she decided to chase such a dream herself and ended up buying a house in Italy for the astonishing price of just 1 euro.
Yes, you read that right! Rubia became the owner of a house that had seen better days. Recognizing the gravity of the task before her, she promptly created an estimation to calculate the genuine costs needed to bring this old house back to life.
One key challenge was tied to the contract she signed during the purchase. According to the terms, she couldn’t move in until the renovations were complete, and she was given a strict deadline of three years to accomplish this.
Despite the large-scale renovation required, Rubia dove headfirst into her project. She knew that not finishing on time would mean a hefty penalty of 5,000 euros from the state and forfeiting her property. Amazingly, Rubia completed the renovations in just over two years, spending 20,000 euros on materials and 35,000 euros on labor.
All in all, Rubia’s adventure came at a total cost of 55,000 euros for an 80-square-meter house. She’s hopeful that by sharing her detailed estimates and experiences, she can help others who dream of undertaking similar ventures.