160 Southern Piedmont

Hi.
We are currently living in South Uk, but we have to move to South Piedmont /piemonte (however you spell it!), within the next 3 months, so are starting to look for property to purchase, even though we will rent for a while whilst we find property.
I would like to find out if it is worth it, financialy, to buy a property that needed some works. Basicly, a friend of the family is selling one that has all the external works completed, including new roof etc.. and I would like to find out how much per sqm we would be looking at for internal works (as a guide..min/max guide).
And just out of curiousity also, what guide can be given to a total restoration cost per sqm (just in case!)
I know the guides to these costs in Tuscany, and in Le Marche and other areas, (as family there to ask) but they are so extremely different from one area to the next...so anyone know much about S.Piedmont would be great...any recommendations to area would be good aswell, (family with 2 kids).

many thanks for reading.
Aby.

Category
Building/Renovation

Submitted by Anonymous (not verified) on Wed, 05/31/2006 - 13:53

a rough cost for restoration is about 900euros a square meter, but of course things would change had you to add a new roof...

It is really difficult to provide an upfront figure.

Paola

Submitted by Anonymous (not verified) on Tue, 06/20/2006 - 04:50

Personally, I found the area Around Asti & Alba great. You have the best of both worlds, the Mountains and the sea both within easy reach.

You can be skiing one of the Largest areas (Milky Way - 600km of pistes) in around an hour and a half, or the coast in an hour.

I looked seriously at the region myself, but I got a great bargin in the North of Tuscany!

Good luck.

Submitted by Anonymous (not verified) on Tue, 06/20/2006 - 05:20

the one thing to remember when talking build costs is that they are quoted minus the VAT and the management fees... in the case of a new build all the costs of permissions and declaring it habitable at the end... and a lot of these costs can be added to restoration projects as well... so a building quote of e1000 which i reckon personally is about the average per sq m on a new build has to have added aprox e500 in other costs to become a realistic figure to estimate on...

renovation costs are virtually impossible to quote on without seeing the building... but if an old building needing very subsatntial work i would suggest even higher than a new build... but if plumbing and electrics windows etc etc are all the works required obviously much lower...

i would say buying a skeleton new build with just the finishing work to go would most probably represent a good deal if you can buy it at a cost less than e1000 per sq m... but that very much depends on location of the property as well...

ie coastal properties here could well command twice that figure ... if the place is popular

Submitted by Anonymous (not verified) on Mon, 06/26/2006 - 14:10

Aby,

I used to spend a lot of time in that area as I work in the wine business, and eventually bought a house near Mondovi. I love the area called the Alta Langa, but recently spent some time in the Monferrato and was knocked out by the countryside. Feel free to get in touch if you have any questions, [email]oliver@omwines.com[/email]