The difference between apartments and commercial housing

Many people choose to buy apartments for investment, but some people confuse apartments with commercial houses. In fact, apartments and commercial houses are different in many aspects such as nature and loans. So what is the specific difference between apartments and commercial housing? Next, let’s learn about it with the editor.

1. Nature

When we buy a house, we need to clearly distinguish the difference between commercial housing and apartments. Generally speaking, the commercial housing we talk about mostly refers to residences that can only be lived in, because its land is residential land and usually has a 70-year property right, so it can be settled. When many people buy commercial housing, they pay attention to which school district it belongs to so that their children can go to school nearby.

Apartments mostly refer to business apartments and serviced apartments. Their land is commercial land and usually has 40 or 50-year property rights. Unlike ordinary commercial housing, it cannot be settled. , so there are no designated school districts. Generally, apartments can be used for both office and residence. A small number of residential apartments also have 70-year property rights, but their decoration quality will be higher and the price will be more expensive than ordinary commercial housing.

2. Loan

A big difference between ordinary commercial housing and apartments is the loan. If we want to get a loan to buy a commercial house, then we can choose between a commercial loan and a provident loan. Generally, the down payment ratio for a commercial house is 3 years. According to the policies of different regions, the down payment ratio for a commercial house may be even lower, and the interest rate of the loan There is also the possibility of going down.

But if we buy an apartment, we can only choose a commercial loan for mortgage payment, and its down payment ratio will be higher than that of ordinary commercial houses, with a minimum down payment of 50 RMB. Moreover, compared with the maximum loan period of 30 years for ordinary commercial housing, the maximum loan period is only 10 years. In addition to this, we take out commercial loans, and the interest rates on their loans may increase by about 10%. However, apartments generally have no loan or purchase restrictions.

3. Shared area

The shared area of ??commercial housing will vary depending on the number of floors of the building. If we buy a multi-storey house, usually a 6-story house, then its shared area is about 7-12. If you buy a high-rise residential building, its shared area is mostly around 14-24 square meters. But if we buy an apartment, the shared fee is mostly around 30. When we buy houses of the same area, the actual living area of ??ordinary commercial houses will be larger than that of apartments.

4. Taxes

When we buy a commercial house, we usually enjoy some tax reductions and exemptions according to policies. For example, if we buy the first commercial house, the area is less than 90 square meters. If so, its tax rate is 1. If ordinary commercial houses are sold, they can be exempted from business tax for five years. If it is the only residence, it is also exempt from personal income tax.

For the apartment we buy, regardless of whether it is the first residence or not, the deed tax is paid according to 3. If you want to sell an apartment, no matter how old it is or whether it is the only residence, there are few exemption policies. In addition to paying personal income tax and business tax, you also need to pay another land appreciation tax.

The editor summarizes: The editor has introduced the difference between apartments and commercial houses here. I hope that after reading this article, everyone can understand their differences. If the house we buy is only for living, you can consider buying a commercial house.