Property buyers generally buy houses through mortgage loans. As we all know, China's loan methods are divided into ordinary commercial loans, provident fund loans, and mixed commercial and provident fund loans.
Under normal circumstances, the 70-year property housing policy is relatively loose. You can use both provident fund loans and commercial loans, and enjoy a 30% down payment for the first suite. The loan period can be up to 30 years.
Houses with non-residential property rights for 40 or 50 years generally cannot apply for provident fund loans. The down payment of bank loans is generally 50%, and the loan period is only 10 year. The loan interest rate is usually high, and the down payment pressure and monthly supply pressure are relatively high.
2. Different taxes and fees
In addition to paying the most basic loans, buying a house also requires various taxes and fees. There is a difference between a house with 70-year property rights and a house with 40 or 50-year non-residential property rights.
For example, when buying a house for the first time, the deed tax is paid. According to the actual situation, houses with 70-year property rights can be given discounts ranging from 1%-3%, while non-residential houses with 40-year or 50-year property rights have no discounts at the time of purchase, so they must be paid in full, and the cost is relatively high.
3. Different cost of living
Houses with 70-year property rights are charged according to civil standards, and the price is relatively low, while houses with 40 or 50-year property rights that are not residential are charged according to commercial standards, and the price is much more expensive, and generally there is no gas;
Before buying a house, you should be clear about the charging standard of water and electricity costs, so as not to cause high cost of living in the later period.
4. Swimming pool area
When buying a house, the buyer must pay not only the cost of the interior area, but also the cost of the public area.
Under normal circumstances, the planning and design standards for commercial land for 40 years, industrial land for 50 years and comprehensive land for 70 years are much higher than those for ordinary residential land. This is because the foyer of commercial buildings is generally higher, there are more stairs set according to regulations, and the building standards are higher. Therefore, the 50-year property rights and 40-year property rights of non-residential nature are also relatively large.
5. Differences in admission policies.
Under normal circumstances, unlike houses with 70-year property rights, non-residential houses with 40-year or 50-year property rights generally cannot be used to apply for degrees.
However, there are exceptions, and business apartments in some places can also apply for degrees. For example, Luohu, Futian, Nanshan and Dapeng New District in Shenzhen have all relaxed the entrance restriction of apartment points to a certain extent, allowing business apartments to apply for degrees, but they are at a disadvantage in terms of points compared with residential buildings.
6. Differences in determining the number of housing units.
Under the background of restricting purchases and loans, the principle of the draft property right of the Civil Code stipulates that the right to use residential construction land will be automatically renewed when it expires. The payment or reduction of renewal fees shall comply with the provisions of laws and administrative regulations. However, how long to renew the fee, whether to charge it or not, and how to charge it have not been given (except for some cities, such as Beijing). For example, an individual only has a set of non-residential houses with 40-year property rights, and a house with 70-year property rights can be considered as the first suite. However, if there is a loan record, in some cities, the down payment ratio may increase, depending on how the city stipulates it.
Houses with 70-year property rights are usually included in the number of family houses.