Thread: House buying
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Old 14.05.2008, 12:26
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Moejoe Moejoe is offline
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Re: House buying

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I believe that Eigenmietwert applies in all cantons...

Eigenmietwert was introduced as a way to level the playing field between renters and owners - it was seen as 'unfair' that homeowners were able to deduct mortgage interest, etc., something not available to renters. (Remember, something like 70% of the Swiss population rent - homeownership is not necessarily viewed as it is in other countries.)

The Eigenmietwert assessed on the house you are interested in buying should be a matter of public record - ask at the Gemeinde tax office. Also ask if there has recently been a revaluation; ours was reassessed last year, and increased something like 15%.

However, we still find owning a better financial choice than renting, all things considered.
Thanks for the reply. In the context of interest being tax deductible I suppose the Eigenmietwert is 'fair.' We are not intending on rushing in to purchasing, but for similar reasons to you we are considering buying. We have small children and are used to living in our own house, so going back to renting, and possibly an apartment is a little daunting. If we move, it will be for a reasonable amount of time (at least 3 years, although that isn't that long!). Any other tips for surprise expenses (insurance!?).

Does anyone know of an all encompassing tax calculator (eg. MS Excel model) that outlines the tax you can expect to pay?

cheers,

Moe
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