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
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.
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.
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.
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 €
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.
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 €
2 phase: 243.850 €
3 phase: 61.946 €
4 phase: 62.647 €
Total estimated amount 582.703 €