Hi all I have been thinking about buying an apartment for some time now and wanted to ask what factors I should consider and whether such an idea makes sense in general. My parents are about to retire and currently live in an older apartment without an elevator at a relatively low rent (as they have been living there for over 20 years). In the medium term, however, it is foreseeable that these apartments will either be demolished or renovated and then rented out at significantly higher prices. This means that sooner or later, my parents will have to expect higher rental costs. I then had the idea of buying an apartment for them—financed with their pension fund money. They would withdraw this amount anyway, regardless of this idea. The money would be treated as an advance on inheritance and used by me as equity for the apartment purchase. From my side, affordability would be given within the price range we are currently considering. The basic idea is as follows: my parents could live there relatively cheaply and would only need to cover the ongoing costs as well as the mortgage interest. I would take care of the amortization, as the apartment would ultimately be my asset. At the same time, I would benefit from any potential increase in the property’s value. At first glance, this seems like a win-win situation. Is there anything I might be overlooking in this scenario? submitted by /u/Grouchy_Number_8692
Originally posted by u/Grouchy_Number_8692 on r/Switzerland