Would you like to buy an apartment? Then there are some important aspects to consider to ensure the purchase goes smoothly and your investment is protected. In this article you will learn what you need to know about buying an apartment.
First of all, you should be aware that an apartment ownership is a special form of ownership. In this case, you purchase an apartment or part of a building and at the same time are co-owners of common parts such as the staircase, the elevator or the roof. This common property is usually managed by a management company that takes care of maintenance and upkeep.
Before you buy an apartment, you should find out about the legal framework. In Switzerland, the so-called Condominium Act regulates the relationship between the co-owners and the management company. It is therefore important that you familiarize yourself with this law.
Financing of an apartment ownership
Another important aspect of buying an apartment is financing. It is advisable to find out about the various financing options in advance and, if necessary, seek advice from an independent financial advisor. Especially for larger investments, it makes sense to take out the right mortgage in order to spread the burden intelligently over several years.
Condition of the entire property
Also, make sure that when you buy an apartment, you check not only the property itself, but also the condition of the entire building. Especially for older buildings, it may be necessary to plan for additional investment in renovation work. Therefore, find out in advance about the condition of the building and, if necessary, have an appraiser involved.
In summary, buying an apartment in Switzerland can present some challenges. It is therefore important to obtain sufficient information in advance and, if necessary, to seek professional support. However, if you pay attention to the above aspects, nothing will stand in the way of a successful purchase.
If you need assistance even before buying an apartment, we at ernoi will be happy to help. We are at your side with advice and support – contact us .
