Update on the purchase of our apartment

Hello dear FI,

Below some update on where we stand on the purchase of our apartment.

As we are buying on drawing, we have specific budgets for the Kitchen, Bathrooms (2x) and electricity. For the last couple of weeks, we have visited the different companies that must use which are defined by the architect.

Kitchen: our budget is 30k CHF, 2 kitchen builders are proposed. 3 weeks ago, I went to the first one and we just received the final quotation last Friday. We had a good surprise as we are around 500 CHF below budget. Yesterday, I visited the second company, and too my surprise, the design of the kitchen was very different, so I have ask to redesign to be like the first one, which is much more practical and nicer and the electronics (oven, fridge, washing machine) selected was lower models than the first company. So based on this discussion, I don’t think we will work with them.

Bathroom: our budget is 14.5k CHF for 2 bathrooms, a big one and a small one. I must say that after visiting the company that will provide it, this budget is very small, especially as we want to make some changes (Italian shower vs. bath tube) and a double sink vs. one sink. Our budget exploded by 6k CHF to around 21.5kCHF

Electricity: budget not known but we know the number of electric appliance and light points and if you want to see something at night, there is no way that you can just agree with the budget. Therefore, during the meeting with the electrician, I increased the number of electric appliance and light points. The apartment is coming with domotic, I have selected quite nice feature. So I expect the quotation, to increase by 5k to 6k.

So overall for the 3 points of the personal modifications, I estimate that we will be additionally by around 12-13K. Well that’s not a problem, as we got a special discount of 15k when I negotiated the price of the apartment (Discount on our future apartment). So we are still within our budget and we can still buy/update some of the positions.

Later, we will need to chose, the tiles (bathroom) and the wooden floor, but I believe with the budget, we should remain fine.

And you, any news anything particular?

As said, at the moment, nothing happened on the market side, we have not purchase anything as we must recharge our accounts.

Cheers,

RA50