Italian Property Survey: Ensuring a Wise Investment

When considering purchasing a property in Italy, it’s important to recognize that this is a substantial financial commitment. At De Tullio Law Firm, we firmly believe that opting out of commissioning a property survey is a false economy.

The “Buyer Beware” Principle in Italy

In Italy, the principle of ‘caveat emptor’ or ‘buyer beware’ governs property purchases. In essence, it places the responsibility on the buyer to ensure that the property, including the land, has no underlying issues. Discovering problems after the purchase can be time-consuming, frustrating, and costly to resolve.

The Benefits of a Property Survey

A property survey, conducted by a qualified surveyor or “geometra,” offers invaluable information and support throughout the property purchasing process. This essential step not only saves money before the completion but also after.

The surveyor will meticulously assess the property, unveiling hidden defects, unauthorized constructions, and areas needing repair or maintenance. Being aware of these issues beforehand empowers you to make informed decisions. In case any defects are discovered post-completion, you may have to incur expenses for rectifications or seek legal recourse through the Italian courts to claim a refund from the vendors.

Obtaining an Accurate Valuation

Contrary to a common misconception, the vendor’s or estate agent’s valuation may not accurately represent the actual market value of the property. Therefore by incorporating a property valuation as part of the survey, you gain insight into the true value of the property, accounting for any identified defects and necessary repairs. This ensures that you pay a fair and reasonable amount for your Italian property, potentially saving thousands of Euros.

The Value of Ongoing Support

The support of a surveyor during the home buying process extends beyond the completion. The survey report provides detailed information about specific areas of the property that may require attention in the future, allowing you to budget for upcoming costs. Additionally, a surveyor can offer preliminary advice on any plans you may have to extend or modify the property down the line.

Conclusion

Conclusion:

In conclusion, an Italian property survey is an indispensable step in the home buying process, safeguarding your investment and ensuring informed decision-making. Unveiling potential issues and providing accurate valuations, a survey empowers you to make sound financial choices and plan for the future.

If you need legal assistance or have any questions while purchasing a house in Italy, don’t hesitate to get in touch. Your property purchase deserves the best guidance, and I am committed to helping you navigate the process with confidence.