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Anyone who inherits a property along with others must make important decisions. Learn about the rights and obligations you have as a community of heirs, the options available to you, and how to avoid conflicts.
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The income value is used to value real estate based on its expected long-term return. Learn how the calculation works, which factors are decisive, and where the limitations of this method lie.
Learn about the legal basis for condominium ownership in Switzerland. You will gain an overview of the rights and obligations associated with condominium ownership and how the community of condominium owners is organized.
Learn how the Assembly of the owners functions as the central decision-making and organizational body of a condominium owners' association and what significance the meeting has for the administration and common property.
The acquisition and holding of a condominium are linked to numerous rights and obligations. The most important regulations and decrees concerning condominium ownership are the following:
Safety is one of the most important housing needs because there is always the possibility of something going wrong and causing damage where you live and spend a lot of time. Questions about appropriate insurance solutions are therefore very diverse and individual, sometimes also requiring intensive consultation. For this reason, dealing with the topic of timely insurance for one’s own home is indispensable.
The purchasing of a property is a wide-ranging matter - in the decision phase, prospective buyers concern themselves with the purchase price negotiations, the contract design, the financing, the conversion and the move. Time and again, however, it is clear that the security aspects are not being given sufficient attention.
The creation of a renovation fund is not required by law. However, if the regulations provide for the establishment of a renovation fund, this provision must be complied with. It is advisable to create the renovation fund already in the first year after completion of the property. The contributions paid in are earmarked and serve to maintain the value of the property. They are intended in particular for future renovation work, such as on the roof, building technology or on the building envelope.
Contact
Engel & Völkers Switzerland
Poststrasse 26
6300 Zug | Switzerland
Tel: +41 41 500 06 06