Solve the problem of old and dilapidated big cities and be reborn
The current round of the real estate market has broken many illusory myths. Among them, high housing prices and dilapidated housing in big cities may be the most destructive.
In first-tier cities such as Beijing and Shanghai, no one cares about the dilapidated small houses with superior locations, noisy school districts, and serious lack of living comfort. As housing gets rid of its financial attributes and returns to its residential nature, dilapidated houses will depreciate significantly. The value of worn-out rags will drop dramatically.
The land value of an old house in the center of a large city is higher than the value of the house. A method has emerged on how to maximize the value of property for residents of the old city.
Hangzhou, Zhejiang University of Technology, Zhejiang University of Technology Zhegong New Village Faculty Headquarters, 13 dilapidated residential areas, 548 residents, 4.7 million yuan of self-raised funds, on-site reconstruction. The complex was built in the 80s of the last century and is now 40 years old.
According to the publicity, it was determined that the owners of the houses in Zhegong New Village were the main body of promotion, the people of Gongshu District of Hangzhou City and the Zhaohui Street Office were the organizational units, and the Gongshu District Urban Construction Group was responsible for the development of the promotion work.
The renovation cost borne by the owner is 1,350 yuan per square meter, and the original area of the replacement house after the renovation is basically the same as the original house area. This means that for an old house of 80 square meters, the cost of rebuilding is 108 000 yuan, which is not too high if the owner chooses not to increase the area or buy a separate parking space.
*There is also a temporary rental subsidy of 63 per square metre, not less than 3 000 per month per household, with an advance payment of 12 months and then 6 months each advance.
According to Hangzhou**, a homeowner in Zhegong New Village has a set of buildings with a floor area of 76The 35-square-meter house was upgraded to 87 square meters according to the principle that the area of the suite remains unchanged, and then expanded to 106 square meters according to the policy of expanding the construction area by a maximum of 20 square meters. Expansion** is 34 520 per square metre and replacement cost is 1 350 per square metre. The owner purchased another parking space worth 221 000, resulting in a total cost of 994 300. In addition, he received 100,000 yuan in renovation compensation and a temporary rent subsidy. In fact, the total expenditure (excluding parking spaces) is less than 600,000
At present, the average reference price of second-hand housing transactions in Zhaohui District 6 is 38,672 square meters. Obtaining a renovated new house at a low cost is undoubtedly a huge benefit for residents of dilapidated housing.
Residents are building their own old houses in situ to maximize the value of the city's dilapidated houses, which provides us with new ideas. If you leave the old house as it is, its value will only depreciate over time. Owners who buy a new home in another urban area may not be able to compare to their original home in terms of location, school district, and amenities.
Residents who have financed their own houses in situ can own a new house in the old town at a very low cost. New properties in mature areas have great prospects for future appreciation.
In-situ self-built houses can change the appearance of the community more than installing elevators in the old community, and can also maintain a higher **. Compared to demolitions, resettlement vouchers and indeterminate location packages, community owners are more in favor of in-situ reconstruction.
Obviously, the redevelopment model is more popular in first- and second-tier cities with high housing prices, affluent residents, and housing shortages.
The in-situ self-financing renovation model is a new direction for urban renewal and old city renovation in large cities. Owners of dilapidated buildings in the city have a new opportunity to increase the value of their homes.