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Old 02.08.2022, 20:29
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Buying a flat

so, I have been looking to buy a flat.

can you recommend some internet page where I could read more about the process? what needs to be done first, what additional costs are expected etc...
even more, if I hold B-permit.

my plan is to find something in canton Bern, around the Thun area or somewhere between Thun and Bern.

thanks!
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Old 02.08.2022, 20:54
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Re: Buying a flat

There's a lot of information available on the forum.

I would start with actually finding a flat and making sure to have the 20% down payment.
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Old 02.08.2022, 21:26
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Re: Buying a flat

This explains the special form of "ownership" of an apartment within a block: https://en.comparis.ch/hypotheken/im...ckwerkeigentum

It is called "Stockwerkeigentum".
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Old 02.08.2022, 21:37
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Re: Buying a flat

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I would start with actually finding a flat and making sure to have the 20% down payment.
Already done that.....
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Old 03.08.2022, 09:01
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Re: Buying a flat

Theres loads you can read and probably will. But jumping in is really the best way to pick it up. Plan some bank meetings and ask them to run through everything with you, this will give you a very good idea. See some places, speak to the agent, start getting the feel hands on.

Have a look at what money you have, what money you need, and what you can afford. Probably add at least 10% to all of that after a few weeks once you get more realistic.

And set up the alerts for a search area you want at a budget you have. Homegate and all the others (I dont know if Bern Kantonal Bank has it, I would suppose it does, ZKB have a great site for searching for property, very good filters)

Good luck
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Old 03.08.2022, 09:19
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Re: Buying a flat

With a non-EU B permit you can only buy for your main residence, you canít buy a holiday flat.

Some Cantons restrict the size of the property as well.

Cardinal rule for almost everything in Switzerland: Every Canton is different.

And donít depend on estate agents to know the answers to your questions. From experience they can and do lie if itís to their advantage.
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Old 03.08.2022, 11:20
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Re: Buying a flat

thanks for your comments.

one thing I am not sure about, what is the stepwise thing to do
1. find an apartment I like
2. ask the bank for money for the property
3. then offer the money to the estate agent
4. ask the gemeinde if I can buy the apartment.

I am not sure which step from 2-4 steps should be first?

I already had my first talk with UBS, so from their side, the first answer was "no problem with your idea"

and is it really worth buying the apartment in 20-30 year old building or would you recommend looking for something newer?
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Old 03.08.2022, 13:11
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Re: Buying a flat

There's nothing inherently wrong with 20-30 YO buildings. They're physically fine, they work.

However, they were conceived at a different time where ideas where different.
Window and balcony surface was smaller. Modern apartments have more natural light. Balconies are livable spaces that grew a lot from the 1 square meter to smoke. Building standards like Minergie have lead to better insulated buildings that get heat from renewable sources. Noise propagation from one apartment to other has also improved. I rent now in a Minergie building with a near surface geothermal heat pump. Only electricity is needed to power the system, heat comes from the ground.

But, these are general trends. It's possible that an older building has already being renovated or you simply don't care about natural light or heat source for winter. So, what are you looking for?
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Old 03.08.2022, 14:17
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Re: Buying a flat

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So, what are you looking for?
I know what I want. but my wishes are currently above my pay grade

so the solution is to either compromise with "an older building" or wait for another 3 -4 years so that wish becomes reality. but I am not happy, where I current live and don't want to move to rent something else (this takes the money away from future...)
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Old 03.08.2022, 14:39
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Re: Buying a flat

It is a bit factor of luck from many aspects... buying now can also mean taking away from future if RE prices go down... You may also nd up with bad neighbours, etc. But it may also turn out to be a very good decision.

We could not find a place we really liked and then prices went up a lot so ours was probably a wrong decision.

Can't bank tell you more regarding your step 4?
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Old 03.08.2022, 14:44
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Re: Buying a flat

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so the solution is to either compromise with "an older building" or wait for another 3 -4 years so that wish becomes reality. but I am not happy, where I current live and don't want to move to rent something else (this takes the money away from future...)
If you are going to do that - i.e. buy, with the plan to move on and up in a few years that's a sound idea as mortgages are generally lower than rent and you can save more for a new place.

However, the old adage of "location, location, location" is pretty important here if you want to make some money on the property and want to sell it on easily.
Obviously, the other variable is the apartment style, building type and how new it is or how recently it has been renovated but again money is the deciding factor and if you can only afford an older building then that's what you'll have to factor in.

There will always be people trying to get on the property ladder, perhaps less so in Switzerland than in other countries but many of those people looking will also be looking for their first property - including the one you are ultimately trying to sell.

Good luck!
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