BUYING WORLD’S CHEAPEST HOUSE (Only $1.19)!

buying a home is typically one of the biggest investments of your life but there's some ways and hacks to buy home for as little as one dollar and 19 cents so today from touring the dollar home to exploring the city to see if there's any hidden catches we're going to be learning all about the process and thinking of dollar homes so welcome to some buca sicily aka the city with one dollar home walking around this area just makes it literally feels like some somebody's fairy tale the homes are so like narrow and the streets are so tiny and everything is this beautiful brick here like you see some houses in the us try to replicate well we're here we're in right now we always put the facade on the front side just to get that stone effect and all that kind of stuff yeah bobby bobby uh yes it's amazing this is one of the creators of the dollar program giuseppe just over a year ago giuseppe made an absolute splash on the internet by putting 16 homes up for sale at just one dollar and the response to the dollar home campaign was so successful that since then over 20 cities in italy have followed and even one town has leveled it up by paying you over eight hundred dollars a month to move there for three years to start a small business of course yeah do you have money i i mean do you like this ladies and gentlemen welcome to the dollar and 19 cent house complete with two floors and a freaking rooftop just from taking a look at the outside i was a bit confused why this was so cheap so before going in for the big tour of the house let's answer the big question why is this so cheap so the city of sambuca was established way back in year 830 and throughout the years has experienced a pretty incredibly rich history which can be seen from the absolutely beautiful buildings and also the locals just loving the culture here beautiful however after a devastating earthquake in 1968 many affected by the disaster decided to take the insurance money and go to the big cities rather than rebuilding their house in sambuca and since that disaster the population has been in decline more than 30 percent which is why we have this beautiful and culturally rich city with many beautiful and historic buildings that are literally being sold practically for free so like many other cities affected by disasters sambuca never fully recovered however now with the one dollar home campaign sembuca looks to revitalize the population to create small businesses and increase tourism and after the 2019 campaign that's exactly what's happening with foreigners from all around the world buying homes and even a famous actress that's starting goodfellas in the sopranos buying a home here and even creating a freaking tv show of the renovation making a younger lively and definitely more exciting city this is actually uh meredith's house it really all started about probably six or seven years ago so this is meredith and she just bought this dollar home in january of last year i think maybe late january early february i had a few different friends forward me uh links of articles that were about the one-year-old homes that were for sale so i saw those and it had a little email at the bottom of it that just basically said if you want more information you can email this email and i looked up the town because i thought that seems like the same town that my family is from but that would be really bizarre and it was actually the same village that my great grandfather was from okay so we have arrived to the one euro home entering in this one dollar home i felt like i was transported to a different time with every room seeming to have a special story from hundreds of years ago this is style maybe part year 19 20 25 sure is important remove it uh cleaner no part of the what is it all time how now although having a story in each room is pretty cool obviously when you buy such a historic house it means some parts are not exactly in living condition this will be the entrance so here it will be the living room and there will be a bedroom and a bathroom kind of together that's amazing how he can know that like this is all going to be a kitchen he's the visionary now although having a pretty good amount of work to do they used to make homes a little bit small my head is literally hidden the ceiling this house continued to blow me away with dare i say a luxurious amenity oh my gosh we are hanging above a lot in this very old 200 plus year house how old is this house and i'm scared of heights oh my gosh this is so beautiful i'll take a look at this view they're gonna open a door so she can access this all the time down here wow never would i think a one dollar home would have a freaking terrace okay so this place is certainly cool pretty big but how much does it actually cost so the basically the requirement was you have to finish the work within three years and you have to spend a minimum of 17 000 euro and it has to be in living condition by the time you finish your renovation and then at that time you get your deposit back and you get that i guess idle to the house okay now this was a new concept for me so let me just break this all down for you when you apply for a dollar house you have to put down a 5 000 euro deposit which then you get back if you start renovations in one year then of course you have the cost of flights back and forth to sicily and then you have to spend at least 17 000 in repairs however many one dollar house owners say renovation costs come more around thirty to sixty thousand dollars so in total for your one dollar renovated house you're looking at a cost of somewhere between thirty two thousand dollars and seventy five thousand dollars but to be honest seeing things like this made it hard for me to imagine a renovation of a full-blown beautiful house however that's until i visited the couple who had just completed their renovation and it was really a ruin no roof no nothing and we just built it up from the scratch mama you got all these stairs here in these houses nice oh wow you have no idea how amazing your house looks after seeing the unrenovated one compared to that this is amazing oh my gosh it's like a real ruin it was initially it's like um 300 years old you can see the different layers yeah because this is this is original this is here you want here's the old one with with small um like cobblestone the gallery there's uh what do they challenge call it divani on the sofas okay there's the relax zone this is our master bedroom our guest apartment your guest apartment yeah here we have a this is uh the kitchen from our old apartment okay um so we mounted it here and you have a when you walk in it just looks magnificent with the the blue color and the stone it looks like uh yeah it looks incredible so it's four floors right yeah wow oh wow okay you you have you have officially the dream you have a barbecue here with the beautiful view of all oh my gosh wow this is unreal the stone and then the modern field this is unbelievable i want to stay here and live i hope you guys enjoyed this video if you're interested in learning more about the dollar homes be sure to go check out dave's youtube channel he is literally the one dollar home king and expert of youtube

Channel: LivingBobby

Views: 2,189,656

Rating: 4.9420528 out of 5

Keywords: House, cheapest, house tour, cheap, Cheapest first class flight in the world, livingbobby, $1, capsule hotel, Cheapest 5-star hotel, cheap old house, cheap old houses, cheapest house, cheap house america, america cheapest house, cheap real estate, cheap mansion, cheapest mansion on the internet, Abandoned Mansion, Abandoned, Mansion, Modern, Renovation, DIY, money, budget, The Truth Behind Italy's $1 Homes, insider, homes, home, house, buying, world’s cheapest, hacks, tiny house, Van Life, van

Id: Zy-RpNvJB4M

Length: 8min 51sec (531 seconds)

Published: Fri Oct 16 2020

Reddit Comments

[u/freewaytrees]

TLDW Town has declining population and theyre working to attract anyone to purchase abandoned homes and renovate to boost economy. Seems like a fun project in a beautiful area. All in closer to $50-75k depending on how you finish it.