What do I need to know about renting in Switzerland?
Once you arrive in Switzerland and secure a home, you will have to pay an expensive rental deposit for your flat. Will there be a more cost-effective solution? In Switzerland, many landlords ask for accommodations deposit comprising 2-3 months’ rent. This money remains blocked in the rental deposit account until you re-locate. That is money that you’ll probably prefer to put to raised use, like buying furniture for your brand-new home. Whenever you leave your home, there tend to be disputes with the landlords, who could find damages to the rental property and become unwilling to reimburse your deposit. The smarter alternative: Rental deposit insurance
With an insurance solution, you can avoid conflicts of the sort, in addition it is less costly. Instead of paying a deposit of CHF 3,000 you’ll pay reduced of CHF 126 per year, according to Helvetia’s online calculator. In order to reap the benefits of rental deposit insurance, you’ll need to contract personal liability insurance. For the insurance provider this guarantees that the expenses of any harm to the rental property are covered. Your insurance advisor from Helvetia can conclude both types of insurance and minimize your time and effort involvement. Household contents insurance is also necessary to make sure that your personal possessions are insured against damage or loss such as fire, water or theft.
Book a gathering with a specialized insurance advisor for expats.
A specialist insurance partner can provide the right answers in an appointment take the strain off you and support you with appropriate solutions. They may offer comprehensive advice on rental deposit insurance and many other matters associated with insurance and pensions. Go to mietkaution schweiz for more details.
In Switzerland, most people rent their apartments or houses. Associated with that usage of real estate is quite complicated. But renting is not much simpler. If you want to rent in Switzerland, there are a lot of things you should know. You’ll be better prepared and better protected if you learn about this subject. For instance, did you know rent prices are indexed over a reference interest? In case the rate rises, so does your rent. But if the price goes down, you have entitlement to a reduction. Nevertheless, you have to require it! Other subtleties are essential to find out if you are renting in Switzerland. For example, there are a lot of things you need to know about giving back your apartment.
How to choose a bank-account for accommodations deposit?
Sometimes, you will need to choose where bank you are going to deposit your rental deposit. Almost every bank in Switzerland offers this kind of account. These accounts are excellent for them because the money will remain untouched for some time. Generally, however, the building managers will choose it for you. The very first thing you must do is only consider free accounts. Some banks are costly to provide these types of accounts. For instance, at UBS, you can pay 20 CHF to open an account. Given the low interest rates, you will never obtain it back. So you have to check out closing fees. The one I needed at BCF cost me 30 CHF to close. This cost is six times more than the interest I received at that time I had formed this account. However, the building managers didn’t give me any choice because of this account. Then, the second thing you need to look at is the interest. Since you have a free account, you need to find the account with the highest interest rate. This interest will never be much, but this is preferable to nothing. For example, Credit Suisse has a 0% interest, Migros has 0.01%, and Bank Cler has 0.025%. Given the existing state of banking in Switzerland, you will not get a fantastic interest. So getting the cheapest account is the most important.