Recently, there is a view in the real estate industry: the era of more houses than people has really arrived! After experiencing the successive thunderstorms of real estate giants in 2023 and the frequent incidents of unfinished buildings, the state has issued a series of policy stability expectations, and the overall situation of the property market in 2024 has been decided.
For the vast majority of Chinese people, buying a house is the most important thing in life, "renting can only be improvised forever, and I don't want to make do." So, how do you make informed decisions in a market full of choice? If you want to buy a good house this year and next, you must keep in mind the 7-character mantra: "Buy the old, buy the big, don't buy three!" ”
.01
Buying old: preferably existing houses and second-hand houses
The "old" here does not refer to an old house, but an existing house that can be moved in directly, or a second-hand house. Compared to a new house under construction that may "make a down payment, repay the loan, and then stop work", it has significant advantages:
1. A sense of security that can be seen and touched
An existing house, as the name suggests, is a house that has already been built. It's different from off-plan properties, you don't need to imagine your future home through promotional drawings, and there's nothing more reliable than seeing is believing.
2. Low risk and few disputes
Some people are obsessed with buying a new house, thinking that the construction site building is capped, then the future home is in front of them, but they don't know that "the cap may be just the beginning of the unfinished".
The unspoken rule in the industry is that the construction party advances funds in the early stage of construction, and the developer does not settle until the cap is capped. After the capping, follow-up projects such as exterior walls, gardens, and water and electricity still require a lot of funds. Choosing an existing house is like getting a reassuring pill, the process is clear, and there is no need to worry about delaying the delivery of the house.
3. Quality at a glance
The existing house can personally check every detail, and even the lighting of the room at each time can be seen clearly, without opening the blind box, worrying about being blocked by the front and rear buildings. The supporting facilities are also known at a glance, and there are more than the sand table.
4. Check-in time is up to you
The move-in time of an existing property is entirely up to you, saving you money and time compared to off-plan housing. There is also a new house that can be easily moved in, and this flexibility makes the pace of life more comfortable.
.02
Buy big: large apartments in one step
In 2016, the property market regulation promulgated the 70/90 policy, stipulating that the units below 90 square meters in newly developed residential buildings should account for more than 70% of the total area, which was for the actual needs of urban customers. This has also led to the relative scarcity of improved large apartments of more than 120 square meters, and the supply exceeds the demand.
When economic conditions permit, it is recommended to give priority to the purchase of large houses of more than 120 square meters. Buying "big", of course, is a big benefit:
1. It is easy to change hands and has a lot of room for appreciation
Due to its scarcity, large apartments often become sought-after goods in the market, even if they are second-hand houses, high-quality large apartments are also highly sought after.
As the saying goes, "You can doubt the character of the rich, but don't question their vision." "Rich people are not short of houses and are still buying large houses with superior locations, which not only have good liquidity, but also have considerable appreciation potential.
2. Comfortable self-living and high quality of life
A large house brings a more comfortable living experience. The spacious space can not only accommodate more furniture and items, but also provide more space for yourself and your family to move.
3. The family grows and the space keeps up
As the family grows, so does the need for space. The large apartment is in place in one step, and you don't have to endure the toss of being forced to sell the house in the later stage and then buy an improved large apartment. There is an old and a small activity space, and it can be easily handled.
.03
Don't buy three: the pitfalls to avoid
When buying a property, you should also know that these types of houses should not be chosen.
1. Old and broken, high maintenance cost
In the era of the school district's house scenery, "old and small" was once fragrant. Nowadays, the birth population is declining, educational resources are no longer strained, and the "old and dilapidated" have returned to their own residential value, especially the house that is more than 20 years old, and some obvious defects are gradually exposed.
The current "old and small", although the location is superior and the total price is low, but we should be cautious. For example, you may find that the walls are fragile, structurally problematic, or even need to be renovated throughout the house. There may also be problems with sewers, electrical circuits, sound insulation, etc., which seriously affect the living experience.
In addition, most of the residents of the old and broken community are elderly, who may be conservative in their thinking, difficult to communicate, and have different living habits and circles, and may not be able to get along harmoniously.
2. Illegal construction of houses, high legal risks
Illegal construction is like a time bomb, it can be demolished at any time due to legal problems. The following are two common types of illegal buildings:
(1) Unapproved construction: Unapproved new buildings, expansions, additions, alterations, etc., violate national and local construction management regulations, which may lead to the inability of the house to be legally used and face the risk of demolition.
(2) Buildings in violation of architectural planning: refers to buildings that violate the architectural planning of cities and regions, and such illegal buildings not only have legal risks, but also may have adverse effects on the surrounding environment and urban planning.
Netizen @金灿灿: Who would have thought that this is the first time I have seen such an outrageous illegal building in Beijing, and the strange neighbor corridor aisle directly made an iron cage, and the danger can be imagined.
3. The apartment is not easy to live and not easy to sell
The apartment market has poor liquidity and limited appreciation potential, so it is best not to touch it, and dissuade one to be one.
Netizen @爱彩爱己 told her personal experience: Everyone said that the apartment could not be bought, but I still bought it. The reason is very simple, unmarried people want to buy a house in the city center and do not want to take a high loan, the apartment type is good, and the price is low.
After buying it, I really regretted it! (1) The public share is large, and various taxes are too high, and it is difficult to change hands; (2) Even if it is self-occupied, there are too many households and the composition of personnel is complex; (3) Water and electricity bills and property fees are expensive, and the living experience is poor due to no sound insulation.
Buying a home is a life event, an investment in your family's future and quality of life. Therefore, when making this big decision, it is important to think carefully before deciding.