What's the difference between a 70-year apartment and a 40-year apartment?
1, the nature of land use is different.
Generally speaking, only 40 years of small huxing property rights belong to commercial land, and 70 years of property rights belong to residential land.
2. Different service life
For a house with 40 years of property rights, the land use period is 40 years. For a house with 70 years of property rights, the land use period is 70 years. Although the house has the right of permanent residence, the land use period of the house is limited, and the land use period starts from the date when the developer takes the land.
3. Different taxes and fees and land transfer fees.
Commercial housing with 40-year property rights pays higher taxes and land transfer fees than residential housing.
4. Different mortgage methods.
For houses with 70-year property rights, commercial loans, portfolio loans or provident fund loans can be used. Generally, the down payment ratio of the first suite is 30%, and the loan period can be up to 30 years. The first home loan is generally the benchmark interest rate.
Houses with 40-year property rights can only use commercial loans, not provident fund loans. The down payment must be 50% of the total price, the term of commercial loan is 10 years, and the loan interest rate is usually high.
5. Different cost of living
Houses with 40-year property rights generally have no gas, and they are charged according to commercial water and electricity standards, and the price is higher. The price standard of residence is relatively low.
6. Settle the difference.
Only residential houses can be settled, and kindergartens, primary schools and middle schools in the surrounding areas can be attended. Commercial housing is not.
7. Differences in determining the number of housing units.
Under the background of restricted purchases and loans, houses with general 40-year property rights are not included in the number of sets (except for individual cities, such as Beijing). For example, a house with only 40 years' property rights under an individual's name and a house with 70 years' property rights can be considered as buying the first suite. But if there is a loan record, in some cities, the down payment ratio will increase, depending on how the city stipulates it. Houses with 70-year property rights are usually included in the number of family houses.
8. The difficulty of reselling.
A house with 70-year property rights is sold and then transferred, which is better to sell.
And 40 years of property rights of the house, in the second transaction, because of high taxes, long loan period, large loan amount, few people go.