Validate my Valais CoastFIRE plan

[u/Sunny_Me_4849]

Currently considering buying a primary home in Valais with 66% LTV, interest only at 1.5% / 400k. The budget estimate for a family of 4 seems crazy low compared to Zurich. This is supposed to cover the standard cost-of-living essentials, no car, no fancy vacations, no dining out, and also no/low income tax. What am I missing for my CoastFIRE plan?

Mortgage Interest 495 CHF

Maintenance/Utilities 500 CHF

Home insurance 100 CHF

Health insurance 1,050 CHF

Out-of-Pocket 150 CHF

Groceries & household 1,500 CHF

Wealth & Property Tax 180 CHF

Transportation 250 CHF

Telecom/Internet 120 CHF

School & activities 150 CHF

Clothing 180 CHF

Kids/Leisure 400 CHF

Household Repairs / Buffer 200 CHF

Misc 100 CHF

Total ~5,375CHF/ mo or ~64,500 CHF/yr

[u/GoblinsGym]

Would you be down in the valley, or further up ?

I have a project house above Visp (on the northern slope, i.e. more sun). There is good postal car service, but I don't think I would want to live there without a car. The little village shop is kind of limited and expensive, for more selection you have to go down to Visp.

Contractors are a bit less expensive than in Zurich, but still "enough". Everything else will be typical Swiss price level.

Don't forget Eigenmietwert, and keep in mind that Valais is rather high tax if you do earn money / have significant assets. Local job market seems rather limited unless you fit in the Lonza / biotech bubble.

For younger kids I think it will be great, older kids might get FOMO compared to Zurich.

Community spirit is much stronger in Valais, including mutual assistance between neighbors.

Feel free to DM me if you have more questions.

[u/Sunny_Me_4849 → u/GoblinsGym]

No exact location yet, looking at various projects. I get your point about an uphill house and more sun but for me having access to trains is equally important.

Thanks for offering your help, might reach out soon.