Will 3 elevators be sufficient for 130 apartments?
Yes, 3 should be more than enough. Standard calculation is one elevator for every 60-90 units.
Will the windows provide sufficient soundproofing?
All of the windows will be replaced, and all current Swiss building standards, including that for heat and sound insulation, will be adhered to.
Will there be the option of a bathtub?
Our apartments will be equipped with showers, as all apartments must be barrier-free and eco-friendly, and walk-in bathtubs are not only much more expensive but also use more water.
Can we have a public bathroom on each floor?
In the interests of keeping costs down, we are planning for a single public bathroom in the common room. In addition, there will be public toilets on the ground floor of our building.
Will the number of washing machines be sufficient?
There will be enough washing machines to enable one complete wash day per week (Mon-Sat) for each apartment.
What cost controls are in place to avoid the final rent and deposit price to suddenly rise and when could this happen?
Rents and deposits will be based on the planned cost to build, operate and maintain the site. These costs will be set following a standard competitive bidding process and a controlled process for managing changes. We will be informed of any significant changes. Baring this, any final changes will be minor.
We may want to increase the number of apartments for W+ B. How would this work, when would we have to make a decision?
The number of W+ B will be fixed, however, we are looking into the possibility of a model that would enable limited number of people renting in other parts of Westfeld to participate in the W+ B community.
When can we schedule site visits?
A Site Visit is scheduled for 30 April from 11:00 - 12:00. For insurance reasons, space is limited, so please send us an email as soon as possible if you would like to come along.
Why are rents more favorable for cooperatives than for other providers?
The purpose of a non-profit building cooperative is, among other things, to create affordable housing. In contrast to traditional housing providers, cooperatives do not return profits to private investors. Any surpluses flow into the cooperative, where they remain as reserves for renovations and refurbishments, the disbursement for which will be decided by cooperative members. Rent is calculated so that "only" the costs incurred are covered. The latest data from the Federal Office for Housing (BWO) show that in cities the rental income for conventional rental apartments is on average 24% higher than for co-operative housing.
General Comment on Rent
As construction costs will not differ for cooperatives as compared to other housing providers, the rent for cooperatives in newly buildings is only slightly lower than that of conventional landlords to start - such as will be the case in Westfeld. Due to the lack of pressure on returns and the abandonment of speculative transactions, the rental income of cooperatives is expected to develop significantly lower than the market rent over the years and decades.