What problems will there be if the house is too old?

1. Difficulty in getting a loan: First of all, the age of the house will affect the evaluation of the second-hand house, and the final loan amount for buying a second-hand house is determined by the evaluation value. When an appraisal agency evaluates a house, one of the items is the age of the land. The land use life of many older houses will be shortened accordingly, which will affect the evaluation of the house. Secondly, the older the house, the shorter the loan period you can get. Generally speaking, the loan period for second-hand houses depends on three factors: the age of the house, the age of the lender, and the specified higher period. Calculate the loan period through these three factors, and finally choose the shortest one. Finally, if you want to get a loan for a second-hand house, the commercial loan period is 50 years minus the age of the house (there are slight differences among banks); the provident fund loan period for brick-concrete structures is 47 years minus the age of the house; the provident fund loan period for steel-concrete structures is 57 years Subtract the age of the house; the maximum is no more than 25 years.

2. The land use period is short: The current residential land use period is 70 years, and the house ownership period is permanent. Generally speaking, the older the property, the shorter the land use life. At present, there are no clear regulations on the solution after the expiration of land use rights. Before the renewal law is promulgated, if the residential use rights expire, the "two exceptions and one normal" transitional method can be used to automatically renew for free. The so-called "two exceptions and one normal" are: automatic renewal of residential construction land use rights upon expiration, no renewal application required; no fees charged; normal transaction and registration procedures.

3. Little room for value growth: As time goes by, older houses will have more and more problems, such as wall cracks, broken doors and windows, aging pipes and other factors that will affect the house. value; older houses are not easy to sell again; older buildings are located in relatively old communities with low greening rates, which will also affect the future value growth of the community.

4. Increase in living costs: The age of the house is closely related to the effective service life of the house. An older house means a shortening of the effective service life, which means an increase in the cost of purchasing a house. At the same time, the longer the actual service life, the higher the degree of damage to the house, so a certain amount of house repair costs will be incurred accordingly. Therefore, the house needs to be repaired, which increases the maintenance cost of the property. As the degree of damage continues to increase, a series of safety hazards may arise.

Note: The above are problems that are likely to arise when second-hand houses are too old. Everyone needs to pay more attention when buying a second-hand house. The age of the house is related to your housing loan, property value growth and service life. etc. questions. Wanjia Real Estate has the answer for you.