A flat priced well below its area always has an explanation. Sometimes it is an inheritance the family wants to sell quickly; other times a charge, a huge renovation or a building with problems. Before you make an offer, go through this list.
Paperwork
- Land registry extract (nota simple): owner, charges and mortgages.
- Owners’ association certificate: fees up to date and approved levies.
- Habitability certificate and energy performance certificate.
- Property tax (IBI) receipt and certificate of no debts with the town hall.
The building
- Status of the technical building inspection if required by age.
- Facade, roof and downpipes: communal works are paid by everyone.
- Existing or planned lift, and its cost if still pending.
The flat
Check for damp, the electrical installation, windows and noise at different times of day. Get a renovation quote before signing the deposit contract and always add a contingency margin. If the price is still good after all this, you are probably looking at a real bargain.
