The project

THE BUILDING

On Wednesday, September 30 2015 “Villa Montserrat” was bought for € 360.000.

The 424.82 m2 plot contains a beautiful four story building plus a turret, from which one can see the most beautiful sights of Granada, Sierra Nevada, La Alhambra and La Vega. It also holds a garden and a garage.

Once it has been renovated, the Villa will have 9 bedrooms for residents, a gompa of 37 m2 open to the first floor terrace next to it, a library, a shop and a social area, kitchen and dining room.

The distribution of the Villa's surface is as follows:

  • Whole Building 439.50 m2
    • ground floor 128.08 m2
    • first floor 114.54 m2
    • second floor 113.06 m2
    • third floor 62.79 m2
    • turret: 21.03 m2
  • Garage: 25.20 m2
  • Garden: 305 m2

Let's Make It Shine!

The Renovation Project

PHASE I:

Demolitions, strengthening the structure, interior divisions and installations: : € 144.781,65.

The demolition work, debris removal and material collection done by the sangha friends have resulted in savings of € XNUMX savings in this phase.

FASE II:

Interior cladding and flooring, doors
and exterior carpentry for the whole building 243.850

Once this phase is finished, the whole building will be habitable

  • Cladding, flooring and false ceilings 52.398 €
  • Toilets and bathroom fittings 5.173 €
  • Terrace balustrades and renovated banister 4.098 €
  • Doors, wardrobes and glass screen 22.439 €
  • Exterior wooden carpentry 70.956 €
  • Exterior carpentry glazing 12.594 €
  • Window glass 18.315 €
  • Interior painting material 2.877 €
  • Painting work (by sangha members, estimated cost 3.844 €) 0 €
  • Kitchen and laundry furnishing 30.000 €
  • Building complete furnishing 25.000 €

The estimated time to complete this phase is 8 months.

PHASE III:

Renovation of slanted rooves, facade and outside finish: 61.946 €

Estimated amount of work:

  • Renovation of wooden eaves and slanted rooves: 23.044 €
  • Facade repair, treatment of cracks and cladding: 32.242 €
  • Installations and outside finish: 6.660 €

________

The estimated time for this phase is 4 months.

FASE IV:

Garden and garage building: 62.647 €

Estimated amount of work:

  • Garage building: 42.194 €
  • Patio, garden and closing the plot: 20.453 €

The estimated time for this phase is XNUMX months.

Total estimated amount of complete work: 582.703 €

(VAT included)

As in Phase I, all the work that can be done by friends of the sangha will make it possible to reduce the costs of execution.

ECONOMIC DATA

Purchase price:

360.000 €

Monthly mortgage payment:

1713 € to 20 years

How the payment was made:

Amount saved from donations: 110.000 €
Amount borrowed from the bank as a mortgage: 250.000 €

1 phase: 144.781,65 €

88%

2 phase: 243.850 €

0.0%

3 phase: 61.946 €

0.0%

4 phase: 62.647 €

0.0%

Total estimated amount 582.703 €

Total

32%