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What is Chuan Chuan Fang?

Chuanchuanfang means real estate speculation, which means to renovate a house purchased at a low price, renovate it beautifully, and then sell it at a high price to earn the price difference, which is called Chuanchuanfang. Most of the Chuanchuan houses are in older communities with convenient transportation and complete living facilities. In terms of decoration style, most of the string houses are European style or modern style.

What preparations need to be made before buying a house

1. Understand the loan policies: For home buyers, relevant preparations should be made before buying a house to successfully purchase a house. You need to understand the relevant loan policies. Many cities have purchase and loan restrictions. The loan down payment ratios for first, second and third homes are different. Before buying a house, you need to find out whether you can get another loan, and what percentage of the down payment is required to buy a house with a loan. Also, check your credit history to see if your loan is affected by bad credit.

2. Assess your ability to buy a house: Many buyers have no experience in buying a house, but when buying a house, you must first evaluate your ability to buy a house, including family income and expenditure. , whether there will be large purchases in the next few years, whether there will be changes in work, renovation costs, and the cost of purchasing furniture and appliances, etc. Only by fully considering various factors when planning the budget for buying a house can the budget plan produced in this way be the most reasonable.

3. Learn real estate knowledge: Learning real estate knowledge is also a very important step for home buyers, because in the process of looking at houses and choosing houses, home buyers need to understand clearly such as green space rate, greening rate, public area, etc. Knowledge of the stall area, housing acquisition rate, etc. will prevent you from not knowing anything when asking the seller.

4. Prepare for other expenses: Buying a house is not just about preparing the house payment or down payment. Home buyers also need to prepare some other expenses, especially for buyers who are purchasing new homes. You need to prepare water, electricity, cable, TV and phone activation fees, etc. The regulations for each property in different places are different. For details, please refer to the housing collection notice issued by the developer. If you are buying a second-hand house, be sure to negotiate with the original owner about the ownership of these expenses.