A small town in Italy is giving away free homes. It sounds too good to be true — and as one woman who visited that town found out, it is. In August last year, Tavia Macnaughtan went to Gangi, Sicily, on the promise of buying a house for just one Euro.But after traveling nearly 10,000 miles from her home in Melbourne, Australia, and crossing two continents, she discovered that it would cost a lot more than that — over $17,000 more, in fact.”I stayed there for a week and looked at all the ones that were for sale,” Macnaughtan tells Business Insider. “They were all terrible and needed to be knocked down and rebuilt.”With a dwindling population and aging homes that offer little new-world appeal, the city started giving the homes away.The catch? Buyers have to draw up renovation plans within a year and execute them within three.As Macnaughtan soon learned, that clause came at a cost.”The conditions were [such] that I would need to pay fees and permits” totaling $22,000 AUD ($17,040 US) before she started to renovate, she said.