Do you know the difference between office apartments and commercial and residential apartments?

Office apartments are similar to commercial and residential apartments in that they are both commercial in nature. The main difference is that office apartments are more functional and can be used for living in addition to office work, while commercial and residential apartments are Mainly for commercial use. The difference between residential apartments and commercial apartments

1. The difference between settlement and settlement: 40-year property rights serviced apartments are generally commercial land, and the real estate property rights are 40 years and cannot be settled.

If it is a hotel-style apartment with a 70-year property right, it is usually residential land or mixed commercial and residential land. The real estate property right has 65 or 70 years and can be settled. Transaction taxes and fees are also paid according to residential standards and are of the same nature as residential properties. In addition, 70-year property rights serviced apartments have zoning, while 40-year property rights serviced apartments do not.

2. Differences in loans: For serviced apartments with 70-year property rights, you can apply for commercial loans or provident fund loans, with a minimum down payment of 30% and a maximum loan period of 30 years;

Although serviced apartments with 40-year ownership rights are generally smaller in size, they can only use commercial loans, with a minimum down payment of 50%, a maximum loan term of 10 years, and an interest rate that generally rises by 20-30%.

3. The difference in water and electricity property fees: the water and electricity fees for serviced apartments with 40-year property rights are charged according to commercial standards, and the water and electricity fees are higher; for serviced apartments with 70-year property rights, the water and electricity fees are calculated according to domestic water and electricity, which is relatively high. The utility bills are lower.

The same is true for property fees. The property fees for serviced apartments with 40-year property rights are much higher than those for serviced apartments with 65-year property rights.

4. Difference in practicality of living: Since serviced apartments with 40-year property rights usually adopt open management, they can enter and exit at will, which poses safety risks; while serviced apartments with 65-year property rights adopt closed management. Disadvantages of apartments

1. Short property rights: The short property rights is the biggest disadvantage of apartments. This is also one of the reasons why many home buyers are hesitant to buy apartments. The property rights of most apartments are only 40 years, and some apartments have property rights of 50 years. Compared with ordinary houses with 70-year property rights, the property rights of apartments are too short, and after the land term of commercial apartments expires, they need to pay a high land price before they can continue to use it.

2. Management fees and water and electricity bills are more expensive: The cost of living in an apartment is relatively high, because the management fees and water and electricity bills in apartments will be higher than those in ordinary residences. Therefore, if If buyers want to buy an apartment, they must not be greedy for the cheap price of the apartment. They must also consider the cost of living. Moreover, many apartments are not ventilated. If you want to cook, you can only use electricity.

3. Short mortgage terms and relatively high interest rates: Many home buyers will also choose to purchase apartments through loans. However, when applying for commercial loans for apartments, they can only obtain at most The loan limit is five levels, and the loan period is relatively short, only ten years. It should also be noted that apartments cannot be purchased with provident fund loans. When applying for a commercial loan to purchase an apartment, the loan interest rate will rise to 1.1 to 1.3 times, while most residential loan interest rates will only increase by 1.1 times. Therefore, the interest expense for an apartment will be much higher than that for a residence.

4. Small apartment size and area: Since most apartments are located in locations where land is at a premium, the area of ??the apartment will be relatively small. When designing most apartments on the market, They all appear in small units, so apartments will have the disadvantage of uneven unit structures and a sense of visual oppression.

5. Not being able to enter the house: However, for buyers who want to buy a house to live in, they should still give priority to residential houses. If they are not qualified or are restricted from purchasing, then buying an apartment is also a problem. Very good choice. Many homebuyers buy apartments for excessive use. After improving the property, they can rent out or sell the apartments.