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Old 19.05.2019, 08:57
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Re: Holiday Apartment Purchase

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In an apartment you may be required to make an annual contribution to the buildings maintenance fund (Erneuerungsfond). It would be worth ascertaining how much that would be.
This has a strong effect on the price especially on older apartments. There are a few apartments built in the 70s coming on to the market now as the original owners can't or don't want to put in the money to upgrade. Items to check are heating, windows, roof insulation and facade, most of these are at the end of their serviceable life with increasing energy costs as a result rather than actually creating problems. Eyes wide open and there are bargains to be had as renovations can be expensive if you do it in the traditional Swiss way.
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