With mortgage rates at an all-time low, and rents staying quite high, it is a good time to be considering buying a house or apartment in Switzerland.

Since the pandemic, many people would like some outdoor space terrace/garden, even if it means moving a little further away.  

Homeworking means fewer kilometers in the car or public transport and a more comfortable standard of living.

More Advantages: tax deductions!

1. Renovations reduce taxes: It is interesting to know that any renovations you do are deductible from your income tax in Switzerland. The expenditure needs to be conserving the value (upkeep) of your house.
2. Lump-Sum deduction: use this wisely. Depending on the tax period and property, you can choose effective and lump-sum maintenance deductions.
3. Spreading out major renovations: across phases or execute them over multiple years
4. Invoice planning: each canton has its own rules about assigning costs to which time period.
5. Gardener, painter expenses
6. Solar panels: the installation of solar panels and thermal solar heating are deductible as energy-saving measures

There are even more recommendations to consider, like how to use photos, declaring costs as insurance premiums, services subscription etc.

If you need to learn more about what your canton considers to value conserving and about your benefits between renting or buying and to find about whether it is cheaper for you to rent or buy a home, I am happy to answer any questions or help you buy or sell your home.

Looking forward to hearing from you.

Special Real Estate C2You! Blogger:

Beverly Grahame

www.movers-courtage.ch

+41792122945

Beverly@movers-courtage.ch