The difference between commercial nature and residential nature of serviced apartments

1. Different definitions

Residential buildings are clearly defined in the Code for Residential Design and the Code for Residential Building: buildings for family living. Apartment is not clearly defined in the current design code. To understand the meaning of apartment, we must first understand another concept in the real estate industry, called multi-family building.

this concept means that there is more than one dwelling Unit, or a building with multiple dwelling units. Multi-family buildings can be divided into two categories. The first category is buildings with two to four living units, which are often referred to as two to four families. The second category is buildings with five or more residential units, which are commonly called apartments.

Apartment is one of the most common forms of commercial real estate investment. By definition, a house is for one family, while an apartment is usually used by multiple families or people.

2. Different household registration restrictions

There are great differences between serviced apartments and ordinary houses in terms of the fees paid when purchasing or transferring houses, household registration restrictions and so on, which affect the convenience of life.

3. Different property rights

There are two types of property rights of serviced apartments: one is commercial property rights with a term of 4 years, and the other is residential property rights with a term of 7 years. Therefore, before buying, it is necessary to know whether it is commercial property rights or CN residential property rights, which is nearly half.

then, miscellaneous expenses such as property fees (that is, the necessary expenses that can't be shaken at ordinary times): forget about ordinary houses. As we all know, hotel-style apartments are different. First of all, many hotel-style apartments have no gas and can only use electricity. This CN is not suitable for ordinary people.

Secondly, most serviced apartments (of course, not all of them) collect water, electricity and coal for commercial purposes, which is twice as much as ordinary water, electricity and coal, as well as property fees. The property fees of serviced apartments are about 3-5 yuan/square/month, and a moonlight property fee is about 2 if it is 5 square meters. Ordinary houses are 7 years old, and the water and electricity of serviced apartments are about 3% more expensive than ordinary houses.

4. The down payment amount and loan policy are different

Some young people like to use hotel-style houses as wedding rooms, as long as you think it is suitable, but if you take out a loan, you can pay 5% down payment and 5% loan, but the houses in hotel-style apartments are generally beautiful.

5. The nature of the house is different

A serviced apartment is actually a residential and commercial house. But the property right is commercial, not residential; Ordinary houses are commonly referred to as commercial houses, which are mainly used for living. The purchase price and utilities are not required.

serviced apartments are much more expensive than ordinary houses, and there may be differences in property fees, water, electricity and coal. Commercial and residential buildings may be higher.