Site Owner: Gurl Style LLC
Site Owner: Gurl Style LLC
What I learned: There are simpler resources in order to find the values described below, and use them to determine price per square meter (which I convert to per square foot) to do comparisons in the local Mussomeli market and to compare to U.S. prices. The prices are about 10 times less than in the U.S.! I'm serious! I paid at least 10 times less for my flat in Mussomeli than if I had bought it in Fredericksburg, Virginia (and I could never afford to buy a place with my view in Mussomeli!)
The textbook definition: In order to calculate the value of a property in Italy, there are two main ways the owner can go about it:
· the calculation of the market value
· the calculation of the cadastral value
These are two operations that aim to achieve two distinct objectives. While the calculation of the market value makes it possible to determine the price for the sale of the property, the cadastral value makes it possible to identify the taxable base for the application of property taxes and to establish the minimum price.
What I learned: TO BE ADDED SOON
The textbook definition: The market value of a property is used to estimate the sale price of the house on the date of valuation in order to allow the conclusion of the sale-purchase contract between parties not influenced by external factors.
To calculate the market value of a property, it is necessary to know:
· the commercial surface area of the property
· the quotation per square metre based on the location of the property;
· the coefficients of merit.
Once the variables are obtained, the market value is obtained by multiplying the commercial surface area by the quotation per square metre by the coefficients of merit.
So, if we take into consideration a property with a commercial surface area of 109 square metres, in an area valued at 6,590 euros per square metre, and with characteristics corresponding to merit coefficients of 8% to be subtracted from the total, the example for calculating the market value of the property with these characteristics would be: 6,590 euros x 109 square metres -8% = 660,845.20 euros.
This figure corresponds to the market value of the reference house.
What I learned: TO BE ADDED SOON
The textbook definition: The commercial surface area differs from the floor area in that, in addition to the covered walkable surfaces, which are commonly regarded as the actual square footage of the house, it also includes the measurement of the uncovered surfaces and outbuildings.
Calculating the price per square metre is an operation that requires consultation of the Osservatorio del Mercato Immobiliare database.
By visiting the website of the Agenzia delle Entrate (Italian Revenue Agency), it is possible to view the OMI data for calculating the value of the property, which is necessary to value the house according to the area in which it is located.
The table of property merit coefficients includes percentages of amounts that must be added to or subtracted from the value obtained from the previous parameters.
These amounts are determined on the basis of certain characteristics such as the floor, the state of preservation of the property, the view, the brightness and the energy class.
What I learned: TO BE ADDED SOON
The textbook definition: The cadastral annuity is the value of the property that the tax authorities determine in order to quantify the income generated by the property. Calculating the value of a property from cadastral rent means knowing the tax value of the property in order to identify the taxes to be paid on the property (e.g. IMU).
The cadastral annuity is calculated by multiplying the following variables:
· the consistency of the property, i.e. the surface area, rooms and volume;
· the valuation, i.e. the numerical value identified by the Revenue Office based on the location and intended use of the property.
By multiplying the exhumation rates by the consistency of the property, it is possible to find out the cadastral income of the property.
In order to obtain the final cadastral value, it is necessary to look at the coefficients of merit, i.e. the cadastral categories in which the property is registered on the basis of its use (e.g. residential use). Calculating the value of the property from the cadastral rent is possible using the following formula: [cadastral annuity + (5% of cadastral annuity)] x coefficient of merit.
Italy does not have a digital nomad visa yet. However, on March 28, 2022, the digital nomad visa for remote workers was approved and signed into Italian law. Although it has not yet been implemented, there is information about the Italian digital nomad visa.
See for updated info: https://www.schengenvisainfo.com/digital-nomad-visa/italy/
The visa policy allows nationals of certain countries to enter the Schengen Area via air, land or sea without a visa for stays of up to 90 days within a 180-day period. Nationals of certain other countries are required to have a visa either upon arrival or in transit.
See for updated info: https://travel.state.gov/content/travel/en/international-travel/before-you-go/travelers-with-special-considerations/schengen.html
If you wish to retire in Italy, you will need to apply for an Italian elective residency visa, also known as an Italian retirement visa or simply an elective residence visa. See for updated info:
Despite its name, the “retirement visa” is not meant exclusively for retirees. This type of visa is issued to applicants who are planning to move to Italy permanently; in other words, the Elective Residence Visa cannot be used for extended tourism. Furthermore, and most importantly, this type of visa does not allow the applicant to work in Italy. Their is a passive income requirement by law for one individual, see: https://mbersanilaw.com/elective-residence-visa-italy/
Starlink users typically experience download speeds between 25 and 220 Mbps, with a majority of users experiencing speeds over 100 Mbps. Upload speeds are typically between 5 and 20 Mbps.
The internet subscription costs €50 per month and the hardware to access the satellite network is €450 Euros. TIM is the largest telecommunications company in Italy and is currently working to fix internet outages across the country.
Cats and dogs can travel from the United States to Italy as long as they have the following:
Mussomeli Homes
Copyright © 2024 Mussomeli Homes - All Rights Reserved.
Powered by GoDaddy