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Old 24.08.2021, 21:28
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Renovation fund

After buying an apartment in new apartment house is it typical in Switzerland that all owners need to pay in to the fund to cover future renovations?
If yes, what amount of renovation fund pay ins should I expect for newly constructed apartment?
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Old 24.08.2021, 21:35
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Re: Renovation fund

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After buying an apartment in new apartment house is it typical in Switzerland that all owners need to pay in to the fund to cover future renovations?
If yes, what amount of renovation fund pay ins should I expect for newly constructed apartment?
Budget 1% a year, although it will be substantially less in the first 5-10 years.
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Old 24.08.2021, 21:37
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Re: Renovation fund

I assume this is 'research and you're not asking after buying somewhere!

Yes, it's normal that as a flat owner you'll pay into a fund managed by an external property company (a Verwaltung). Usually, the total amount paid in by the 'building' is split by the flat owners based on total Sq. M.

There'll be an owners' meeting once a year to decide what projects/costs (e.g. cleaning, gardening) are funded by the owners.

How much you'd pay is impossible to say.. you'll have to ask the seller.
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Old 24.08.2021, 21:44
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Re: Renovation fund

Yes, it is normal. Amount is agreed at the owners assembly and will depend on many things - if you have a complex and delicate facade, normally more is put in, roof area is also considered and so on and so onů
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Old 24.08.2021, 21:50
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Re: Renovation fund

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Yes, it is normal. Amount is agreed at the owners assembly and will depend on many things - if you have a complex and delicate facade, normally more is put in, roof area is also considered and so on and so onů
Gardens & Swimming pool complex's don't come cheap or upgrades to central heating systems.
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Old 24.08.2021, 22:43
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Re: Renovation fund

My first apartment - one building split into 11 apartments, small footprint. Relatively cheap.

My current place is very low density. 20 apartments spread over 8 buildings in a wide area, so the maintenance (especially green spaces) and renovation fund is 3 times as much

1% is about right.
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Old 24.08.2021, 22:50
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Re: Renovation fund

And expect for the price to triple in 5 years
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