Superbonus 110 – buying or selling a property in Italy!

It’s a question a lot of people ask themselves, probably including you who are reading this

In recent weeks we have received many requests from people, both from Italy and abroad, interested in selling or buying a house, asking us how to take advantage of this great opportunity that the Government has made available to all of us.

My profession as a real estate agent brings me into daily contact with architects, surveyors, accountants, and building contractors.

It was not easy to gather and put together the information that I’m about to give you, because, what I noticed, is that there is a lot of confusion in the minds of those who then will have to guarantee/protect the end-user, certifying the multiple practices.

The professionals themselves are discouraged by the bureaucratic process because the risk of future assessments by the Internal Revenue Service is high.

Before understanding what the impact of Superbonus 110 will be for those who intend to sell or buy a home, without getting too technical, it is necessary to know how Superbonus 110 works and who can benefit from it.

If you are starting from scratch, I recommend you read this in-depth study where I explain in simple words >>> how the Superbonus 110 works.

Let’s start by telling you that in Italy we have about 40 million homes
that are potentially eligible for the 110% Superbonus

Italian real estate assets are very long-dated.

Most properties are in energy class G (the lowest).

The real estate market, so far, has taken little account of the energy classification of properties

Still today, the average homebuyer intending to purchase a home gives little weight to the energy performance of the property during their search.

Right now, with almost all homes being class G, you still don’t perceive the value between a low and high class.

The Decreto Rilancio (Recovery Decree) will certainly lead to a reversal of the trend.

In the future, the person who will be the owner of a class G property will probably be surrounded by many houses in high energy classes and this aspect will certainly lead him to suffer a huge devaluation of his house.

What are the advantages that can give the Superbonus 110 for those who want to sell or buy a property in Italy ?

Advantages if you want to SELL HOUSE

• You’ll get an immediate increase in the objective value of your home;

With a small financial and time investment, you’ll end up with a property more valuable;

• You will sell your property faster than before;
• You will facilitate the buyers who, from afar (especially foreign buyers) are frightened by the Italian bureaucracy and do not feel like following a construction site of their home from several kilometers away;
• Foreign buyers prefer a house without the presence of gas installations. They are already used to it, because abroad it is normal to use only electricity (even for cooking).

Foreign buyers who contact us, prefer to orient their search on properties that do not require work to be performed because they are afraid of losing time and money.

It’s objectively difficult, both mentally and logistically, to keep track of the renovation jobs when you live far from where you bought your home.

Advantages of BUYING A HOUSE

• For those buying a second home, the main advantage will be to own a property that is less costly to maintain.

Eliminating the gas bill, for example, will result in zero fixed costs that you usually pay even when you’re not actually living in the home;

• Cost of solid fuels – such as methane gas and lpg – increases every year (about +5% per year on average);
• Replacingf old appliances with new generation ones in class A++, leads to a considerable saving in the bill;
• The possibility of installing photovoltaic panels and storage batteries leads to a cut in electricity costs;
• As in the case of the seller, you will get an immediate objective increase in the value of the house you have just purchased
• In terms of safety, eliminating the gas system will allow you to have fewer concerns. Generally, you are more apt to “neglect” your second home because of its geographical distance. Increasingly, we are used to hear of second homes exploding due to gas leaks;
• Increased safety also translates into fewer worries in case you want to rent your property to tourists;
• The Superbonus 110 also provides the opportunity to equip yourself with a home automation system. You can control the operation of all systems of your second home, directly from your cell phone.
• The induction hob, in addition to being more practical to clean, is safer because it turns off as soon as the pan is removed from the plane. There is no risk of forgetting the stove on;

From a distance you can heat or cool your home, before your arrival or the arrival of your guests;

• You can access the Superbonus 110 even if you have only signed a preliminary purchase contract as long as it has been registered at the Revenue Agency. For the registration of the preliminary contract I explained everything in this video >>>> Transcription of the preliminary contract of sale

Therefore – already as a promissory purchaser – you can have the opportunity to submit the paperwork, so you can enjoy your new home from the day after the deed.

Are you planning to access the Superbonus 110 to sell or buy a property in Italy, but do not know where to start from?

Do you like our content?
Shop now our book “Buy a house in Italy“.

It’s available on Amazon >>> https://www.amazon/buy a house in Italy.com