FRAGEN UND ANTWORTEN
1. What is my maximum purchase price?
2. What own funds can I contribute for financing?
To finance the purchase price, you can contribute your savings from account and deposit assets incl. free employee shares, your 3rd pillar monies, your pension fund and/or vested benefits assets, advance inheritance payments, gifts, interest-free and non-repayable loans and, in the case of a new building or renovation, also your own contributions in the form of working hours.
Certain banks even accept the pledging of your 2nd and/or 3rd pillar insurance so that these assets can continue to grow with the compound interest effect. You can deduct the higher mortgage interest for tax purposes. We will help you find the optimal mortgage amount for you.
3. Which mortgage suits me?
Choosing the right mortgage for you is very important so that you can enjoy your home ownership in the long term. The cheapest option does not have to be the best one for you. When choosing a mortgage, you should take into account your willingness to take risks, your financial leeway, your interest in the financial markets, but also the current interest rate level and the interest rate trend. We will help you find the mortgage that is best for you.
4. How can I amortize my mortgage?
Amortization means that you pay back part of your mortgage regularly over a predefined period of time. We distinguish between direct and indirect amortization. With direct amortization, you reduce your mortgage amount on an ongoing basis, usually quarterly. This means you have a lower interest burden each year, but fewer tax deductions, as the deductible mortgage interest is lower.
With indirect amortization, you do not repay the mortgage directly as described above, but via a 3rd pillar bank or insurance solution. This means that the mortgage remains the same over a certain period of time and you can therefore deduct the full mortgage interest from your taxable income. And the best thing is that you can fully deduct the amortization amount via 3rd pillar in your tax return. You can even combine your family's coverage with the insurance solution. We will help you choose the right amortization solution.
BUYING REAL ESTATE
1. What do I have to consider when buying real estate?
It is often difficult enough to find a suitable property that meets most of your needs. It is essential to know your purchase budget so that financing is feasible once you have found the right property.
Moving to another town or even canton also brings changes in the school system, commuting, taxes, etc.
In addition, do not forget the notary and land registry costs as well as withdrawal taxes in the case of an early withdrawal of pension assets. You should also budget for moving costs, house renovations, and the purchase of new furniture and curtains, etc. We will be happy to help you with this.
2. What maintenance and ancillary costs are incurred with a property?
We recommend that you find out about the running costs before you buy your property. In condominiums in particular, the ancillary costs can be higher due to an elevator, an underground garage, a swimming pool or the management of the surrounding area. Properties in building lease also have additional costs with the building lease interest to be paid.
As a rule, banks calculate maintenance and ancillary costs of 1% of the property value for properties that are more than 10 years old. For newer properties younger than 10 years, the renewal costs are not that high and most banks calculate with 0.70% of the property value. This in turn has a positive influence on the banks' affordability calculations. Service charges include the costs for water, heating, electricity, garbage disposal or house maintenance.
Maintenance costs are expenses for the upkeep of your property such as minor repairs, upkeep of the surroundings, etc.
3. What costs are incurred when purchasing real estate?
These costs vary greatly from canton to canton.
In certain cantons, the property transfer tax is incurred, but this is usually waived if the purchased property becomes your primary residence. In addition, the land registry and notary fees must be taken into account. You pay these fees for the purchase contract when acquiring the property, which must be publicly notarized, as well as for the entry in the land registry. In addition, there are also fees for the promissory note, which serves as collateral for the bank.
We will be happy to help you with the calculation of these costs.
REAL ESTATE SALES
1. What are the ancillary sales costs for the sale of real estate?
2. Who pays the real estate agent commission?
3. Wie wird die Grundstückgewinnsteuer berechnet?
1. Where do I have to pay taxes when I change my place of residence and canton?
2. Can I extend the deadline for filing?
3. Do I have to declare my vacation home in Spain?