Buying your dream home or a second home on a limited budget may seem like a challenge, but with the right precautions it is possible to win a real estate gem at an absolutely advantageous price. Undoubtedly, houses with negotiable prices under €120,000 they belong to a price range that includes different types of properties: rustic houses, semi-detached villas, independent homes and terraced houses. Often, the price of these properties is negotiable, meaning there is room to negotiate with the sellers and potentially get an even better deal.
The characteristics of houses with a negotiable cost of less than €120,000
Homes with a negotiable cost of less than €120,000 can vary widely in terms of features, size and condition. However, some exist common aspects which often characterize this segment of the real estate market:
- dimensions And organization of spaces: the size of the houses can vary, but generally, to stay within a budget of 120,000 euros, you tend to find properties of moderate size. This can mean one or two bedroom apartments or small detached houses;
- necessity of modernization or renovation: it is common to come across bases with a cost of less than €120,000 when they need to be renovated or completely modernized due to various situations, including disuse or climatic events that have severely compromised them;
- location: houses in this price range are located in less central areas or in small municipalities. The proximity to services can vary, and sometimes it is possible to find good opportunities even in rural areas or in small villages with a strong historical-cultural component. Precisely for this reason, some houses could offer vpanoramic viewsando be located in particularly pleasant contexts, such as near parks, rivers or in hilly areas;
- Outer space: especially in rural or semi-rural areas, properties may have a small garden or outdoor space, while in other cases a parking space or garage may be included.
It is therefore clear that houses with a negotiable cost of less than €120,000 can represent an excellent one investment opportunitiesboth in the case in which the buyer is looking for a first home, for a possible rental, or in anticipation of a future resale, after appropriate renovations or improvements.
What are the types of properties that can be purchased for less than €120,000?
Although the €120,000 threshold is an amount whose value allows access to different types of properties depending on numerous factors (location in Italy, proximity or otherwise to the historic centre, proximity to public transport), it is a sum that allows to try to buy:
- rustic housesand, often located in rural areas or small villages, which offer a unique charm and the possibility of living in contact with nature. These properties may require renovation work, but represent an excellent opportunity for those looking for a property with character and willing to customize it according to their tastes. With a budget of €120,000, it is possible to find small rustic houses, sometimes even with a bit of land;
- semi-detached villas, they are an ideal solution for those seeking the tranquility of a residential area without giving up the convenience of having neighbors. They often offer generous internal and external spaces and can be an interesting choice for families or for those who wish to have a garden at their disposal;
- independent houses, they are the solution for those who want maximum privacy and independence. This type of home can vary greatly in size and condition, from small houses in need of renovation to larger properties in good condition;
- townhouses, combine the advantages of living in a community with those of having your own independent home. These properties are often set over multiple levels and can offer well-organised spaces.
When and how much can it be treated?
There price negotiation it is a very common practice, especially in the real estate sector, and its outcome can be influenced by various factors, including the state of the property, its location, the duration of its presence on the market and the economic situation in which the country finds itself .
In order to better manage the negotiation it is important to remember when the price can be negotiated of the house below €120,000 (or any other amount):
- tostart of the purchasing process: it is advisable to start discussing the price as soon as you demonstrate a serious interest in the property and after having carried out at least one visit;
- after valued the propertyif renovation works are necessary or if the property has defects, it is advisable to evaluate these aspects before making a lower price proposal;
- when theThe property has been on the market for a long timethe seller may be more inclined to consider offers lower than the asking price.
As regards the extent of the negotiation, i.e. the percentage discount on the initial price asked by the owner, some factors must be kept in mind, first of all the trend of the real estate market: for example, in a context in which the offer exceeds the question, it is possible to have greater margin for negotiation. In this scenario, discounts from 5% to 20% on the list price they are not unusual.
At the same time, if the property needs significant renovation works, it is reasonable to ask for a price reduction that reflects the cost of the necessary work. In this regard, however, please remember that those who purchase a property and renovate it have access to numerous tax breaks.
