Hello, In the summer I spot a construction and I have been thinking of buying a 2.5 flat there.
GÜTSCH Goldau :: Angebot 2. Etappe
The first thing to consider was obviously, living close to rail track. I’ve been there, it’s not particularly noisy as all the trains are stopping at Goldau so they move at low speed at that place. The train announcements are annoying though, but these are not as frequent as the passing by trains. I guess they only announce the important trains, EC/IC.
That being said, I’m leaning to believe that the construction would be adequate isolating all the noise. I don’t use balconies (having large one empty all year round) so I don’t care about noise on the balcony.
Now everything else looks perfect about the flat. Few steps to the train, few minutes to the lake by train, 40 min to Zurich HB, 1h to Lugano. Lol a dream place to choose.
Yet I’m struggling with the calculation. I currently rent in ZH, 1200 + 200 utility bills per month. Moving to Goldau will save me 10k to 14k from taxes. What I don’t know is how much would be the new rent and the theoretical rental value I would have to add to my annual income. I’d like to roughly know how much monthly I would be saving on rent (not taking the mortgage into account, that’s another calculation).
So here’s the dilemma. I can fairly assume I’ll stay in Switzerland for the next 10 years. However later, there’s a high chance I’ll become unemployed due to my age and won’t find a good job, or I’ll decide to FIRE. In both cases it rather won’t make sense to stay in Switzerland as I should have enough wealth to live comfortably in many places except Switzerland.
Looking at the tax savings, it’ll be 100-140k in 10 years. Rent savings 700-900?? a month => ~100k in 10 years. Now of course interest paid/Eignemietwert/property appreciation or depreciation will also pile up to the final picture but I’m even less sure how to assess that.
Honestly it doesn’t sound spectacular, that’s why I became skeptical trying to figure out close approximate values instead of totally rough guess. Looking at ads from Goldau, I guess such flats are rented at 2k/m, should I expect that to be the theoretical income value or even more? The construction company reserves the right to manage the property in the first years. Maybe it’s another rip-off or they do it to better monitor any warranty claims, etc. Anyway, I guess all utilities (flat + underground parking space) and renovation found would costs perhaps ~600 /m in a new building, is it realistic?
EDIT: I’m also not sure about it yet, but assuming the 10 years scenario, I think I’ll keep the property, renting it, provided I’ll have enough money invested elsewhere. Having a steady income ~2k/m from Switzerland could be a solid pillar of living in some cheap place.