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Buying a house: our essential tips.
What others wanted to know.
Our property experts give an insight into a selection of the most frequently asked questions. You can submit your own question too. We will be happy to help you.
Manuela M. (36), Dübendorf
What are the biggest mistakes when buying a house?
Making mistakes when buying a house can get expensive very quickly. Many people plan their budget too tightly and underestimate the overall costs, particularly with regard to future costs of maintenance and renovation. There’s also the risk of not examining the property closely enough during the viewing and missing important aspects that are essential for the structure and quality of the property. Decisions that have been rushed due to time constraints or made based on emotions may lead to mistakes or even entire purchases being made in error. It’s worth paying close attention to the details, especially when it comes to the purchase contract. Assistance is provided in this regard by real estate experts that know the property well and are selling it, the notary, the lender or other specialists. Lastly, don’t just opt for the first mortgage lender that comes along when it comes to the financing. Comparing different lenders can help you save money in the long run. Taking your time to get well informed and make realistic plans lays a solid foundation for purchasing the property. If in doubt, seek expert advice.
Imer H. (33), Kloten
What taxes are incurred when buying a house?
Taxes and ancillary costs should not be underestimated when buying a house. The most relevant costs include property transfer tax, which is levied in some cantons and is usually borne in full by the buyer, but may be split fifty-fifty with the seller depending on the canton. Notary and land registry fees also vary wildly. These are one-off ancillary costs that are levied when buying a house in some cantons. When it comes to financing, a mortgage certificate is usually established to secure the mortgage. Issuing this certificate is also associated with fees that vary from canton to canton. If capital is drawn from your pension fund (pillar 2) or pillar 3a to make the purchase, you may liable for capital withdrawal tax. This tax is levied separately from your usual income at a reduced rate that varies based on your canton and the amount of capital being withdrawn. It’s worth planning for the taxes and ancillary costs associated with buying a house from an early stage, as they could add up to a significant amount depending on where you are located and your financing solution.
Manuela M. (36), Dübendorf
What are the biggest mistakes when buying a house?
Making mistakes when buying a house can get expensive very quickly. Many people plan their budget too tightly and underestimate the overall costs, particularly with regard to future costs of maintenance and renovation. There’s also the risk of not examining the property closely enough during the viewing and missing important aspects that are essential for the structure and quality of the property. Decisions that have been rushed due to time constraints or made based on emotions may lead to mistakes or even entire purchases being made in error. It’s worth paying close attention to the details, especially when it comes to the purchase contract. Assistance is provided in this regard by real estate experts that know the property well and are selling it, the notary, the lender or other specialists. Lastly, don’t just opt for the first mortgage lender that comes along when it comes to the financing. Comparing different lenders can help you save money in the long run. Taking your time to get well informed and make realistic plans lays a solid foundation for purchasing the property. If in doubt, seek expert advice.
Imer H. (33), Kloten
What taxes are incurred when buying a house?
Taxes and ancillary costs should not be underestimated when buying a house. The most relevant costs include property transfer tax, which is levied in some cantons and is usually borne in full by the buyer, but may be split fifty-fifty with the seller depending on the canton. Notary and land registry fees also vary wildly. These are one-off ancillary costs that are levied when buying a house in some cantons. When it comes to financing, a mortgage certificate is usually established to secure the mortgage. Issuing this certificate is also associated with fees that vary from canton to canton. If capital is drawn from your pension fund (pillar 2) or pillar 3a to make the purchase, you may liable for capital withdrawal tax. This tax is levied separately from your usual income at a reduced rate that varies based on your canton and the amount of capital being withdrawn. It’s worth planning for the taxes and ancillary costs associated with buying a house from an early stage, as they could add up to a significant amount depending on where you are located and your financing solution.
