Description

THE PROPERTY

This is a single house located in the historic center of the town, where it is possible to arrive by car, an area called “Mura Rotta”. Elevated on three floors, with garage. Requires little renovation.

On the ground floor there are two rooms, a complete bathroom with a large bathtub and a laundry space, on the first floor there is a bedroom with a toilet and a living room; on the second floor the kitchen.

The house is already connected to the gas line and present the heating sistem on the first floor. Mussomeli is a medieval town in the heart of Sicily with a beautiful castle overlooking the valley.

THE RESTORATION PROCESS

Italy introduced a new Tax bonus allowing you to potentially renovate the property for free. It is called superbonus and here we explain you how it works. Any individual owning property, regardless of his/her residency and citizenship, can access the superbonus as long as qualifying renovation works are carried out. Such works are:

• Energy efficiency improvements;
• Heating and cooling system improvements;
• Double (or triple) glazed windows installation;
• Solar panels installation;
• Seismic improvements

The allowance per house unit can go up to € 250.000; the house owner is then awarded a 110% tax credit based on the renovation works performed within the allowance. Once you are granted the tax credit you have three options:

• Offset it against your Italian tax bill;
• Trade the credit in to your contractors (resulting in a lower or nil invoice payable to your builders);
• Trade the credit to a financial institution.

Retire2Italy will help the winner in benefiting the tax credit, as well as trading it to a contractor or a financial institution in order to get back as much as possible in taxes reducing the costs of renovations potentially to 0!

In our estimate the superbonus covers in full the renovations required for this home.

THE PURCHASE PROCESS

In order to buy the property you must witness the notary deed (estimated in around 2.000 €); if you can’t witness in person one of our staff members can represent you to in front of the notary at no additional charge.

THE REGION

Sicily is the largest island of the Mediterranean sea, it’s an agricultural region full of history, art, architecture and culinary traditions. Due to its strategical position in the middle of the Mediterranean, Sicily throughout the history was inhabited by almost every civilization of the Med basin and Europe: Greeks, Romans, Arabs, Normans, Spaniards, Byzantines, Phoenicians and many others. Each of them left the island richer and today you can see that by how local people are friendly and the food is genuine and fresh. Another plus of Sicily is the great weather throughout the whole year, but especially during summertime when Sicily and its amazing beaches become a major holiday destinations for Italians and foreign tourists!