In 2019, Massimo project-managed the extremely successful renovation of Villa Charme in Sicily. It was transformed from a rustic farmhouse with pool and simple country furnishings into an eye-catching, modern villa with contemporary style, an infinity pool and landscaped garden. Not surprisingly, bookings for Villa Charme have soared since completion of the project and reviews are extremely positive. For the villa owner, not only does he have a beautiful home in Sicily but a wise investment for the future.
INFORMATION
- The villa needed to be updated so that the owner could have a more modern holiday home and a viable rental property. For any holiday villa to rent well, location is key of course and Villa Charme is in a wonderful location. It is private and picturesque with mountain views, proximity to the beach and Cefalu. I have observed a steady increase in booking figures and rental income for well-located, contemporary villas in Sicily over the last 10 years, compared to dwindling bookings to traditional farmhouses. I knew therefore that a well-managed renovation of Villa Charme would be a wise move for the villa owner who was keen to improve his rental figures.
- Our budget was €250.000 and we did stay in budget. The owner was really surprised that we managed not to go over, he was not expecting that!
- The rentals of Villa Charme used to generate approximately €20,000 per season. In 2019, despite the season starting at the end of June, the rentals generated a total of €32,000.
- The return on investment is 8%. The value of the villa with the renovation is €500,000 and the owner is projected to make €45,000 per season.
- Read the full article on LinkedIn.
WHAT MY CLIENT THINKS
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