1. Different properties of land

The different properties of land are also the main difference between the two types of houses with property rights. A house with a 70-year property right is basically the lifespan of a house that is mainly used for residential purposes. However, houses with 40-year property rights are non-residential and are mainly used for commercial, entertainment, tourism and other activities. However, there is no difference in the property rights certificates. The difference lies in the service life on the household land certificate, one is 40 years and the other is 70 years.

2. House prices are different

Due to the different properties of the two types of land, their construction costs are also different. The land cost of a house with a 70-year property right is the highest, and the land cost of a house with a 40-year property right is the highest. The cost of acquiring land for a house will be correspondingly lower. Therefore, the corresponding housing price is that the price of a house with a 70-year property right is higher than that of a house with a 40-year property right.

3. The settlement situation is different

Houses with 70-year property rights are residential properties and can be settled, but houses with 40-year property rights are commercial office properties and cannot be settled. If you want to protect your children’s future, If you want to settle down because of the problem of going to school, you should carefully consider comparing these two types of houses.

4. Different loan situations

A 70-year-old residential property can be loaned for a maximum of 30 years, but a commercial residential property can only be loaned for a maximum of 10 years. Moreover, provident fund loans cannot be used for houses with 40-year ownership rights. The down payment and interest rate ratio of commercial loans are much higher. The down payment must be at least 50%. Another problem is that even the application for commercial loans has many problems and is not so easy to obtain.

5. The cost of living is different

The biggest difference between 40 and 70 is water, electricity, and gas. Commercial houses with 40-year property rights use commercial water and electricity, so they are better than those with 70-year property rights. Housing is expensive.

Villa Master provides you with local building policies, house building drawings, and villa design drawings;

Villa appearance rendering services, thousands of popular drawings for you to choose from: www.bieshu .com?bdfc