At the current stage, in our country's real estate market, commercial housing is of course an important component, followed by the second-hand housing market. It is worth noting that in the huge second-hand housing market, about 10% still belongs to the category of relocation housing.
What exactly is a relocation house? In fact, it refers specifically to those housing provided for the purpose of housing the original occupants after the land has been repossessed by a certain land or a developer. The selling price of these relocated houses is often much cheaper than that of conventional commercial housing, and their shared area also has certain advantages compared with commercial housing.
However, in recent years, we have found a confusing and helpless situation, that is, the relocation of housing has shown a trend of unsalable, undesirable and even directly rejected, what are the deep-seated reasons behind this?
Do you know about relocation housing?
To put it simply, if a developer plans to develop a certain piece of land, it must first get the consent of the first and sign the relevant agreement. In the process, the developer must compensate the family who originally lived on the land for the corresponding property and the compensation for the demolition.
In this way, the developer's next task is to complete the resettlement of the local residents as quickly as possible so that they can smoothly transition to the new environment. The houses that they built were defined as relocation houses. From the perspective of **, the pricing of relocated housing is usually more affordable than that of commercial housing, and its shared area is relatively small. This may seem like an extremely affordable option, but in reality there can be a number of limitations and problems.
What are the potential risks of moving home?
1.The quality of relocated housing is difficult to reach the level of commercial housing.
As we all know, if commercial housing wants to win the favor of consumers in the market, it must show excellent performance in construction quality, management and other aspects, so as to gain a good reputation. In this way, the house can better attract consumers to buy. However, the resume of the relocation house and the production process of the commercial house are not exactly the same. After obtaining the land use rights, the first task of the relocated houses is to settle the original residents who have been relocated.
Therefore, some developers may relax the construction standards and supervision of relocated houses compared with commercial houses for reasons such as cost savings and shortening the construction period. After all, a house is an important place for people to live in for decades, and if there is a quality problem after only a few years of use, it is undoubtedly the people who live in it who will pay the price. Taking sound insulation, waterproofing, and house design as examples, they are often exposed after a period of occupancy, which in turn affects the daily life of the owner.
2.The quality of property services for relocation housing is also facing challenges.
It is an indisputable fact that one of the main factors behind the relatively low acceptance of relocation housing in the market is that the living comfort is not ideal, which is mainly reflected in the quality of residents and property management. Generally speaking, the residents in the resettlement housing area include various groups such as villagers and tenants. Many relocated households choose to use their relocated houses for rental because they own multiple houses.
In a community with a large population profile, it is inevitable that the comfort of living will suffer. In addition, the poor level of property management in the community where the relocation house is located is also a common problem. Most of the small property companies that are relatively well-known are those who are often responsible for the property management business of such communities. Although their fees may be slightly cheaper, the quality of service is naturally not comparable to that of large property companies.
As a result, the owners of the relocated houses have to face various problems such as poor service attitude and delays in the maintenance of various equipment and facilities, which greatly reduces the comfort of living and shakes their confidence in property management.
3.The relocation location and surrounding supporting facilities need to be improved.
In order to control the height of new buildings and expand green land, relocation houses are usually located in the suburbs of cities or areas far from the city center. Although each house is equipped with new facilities, due to its remote location, it lacks comprehensive commercial facilities and convenient transportation network.
For those who are older, they often have to take public transport or bicycle to go to the supermarket in the city to buy food or walk in the park, which brings great inconvenience to daily life. For those young professionals, the long commute every day is not only exhausting, but also invisibly increases the cost of living.
However, the location of the relocation home may have an impact on your child's choice of school and the medical care you and your family can see. Especially for those families with elderly and children at home, who are looking forward to good educational resources and medical conditions, such a long distance will undoubtedly be a problem.
4.The process of buying a relocation home comes with a variety of challenges
Compared with traditional commercial housing, the value of relocated housing is often depreciated to a greater extent, so why does this phenomenon occur? From a comprehensive analysis, it is not difficult to understand that the relocation housing cannot compete with commercial housing in all aspects, so the appreciation expectation of such housing is relatively limited.
On the other hand, due to the pressure of construction costs, the geographical distribution of relocation houses is often less than ideal. Therefore, even if it is put on the market**, it will be difficult to break even.
More importantly, because the nature of the resettlement housing is not clearly defined, it is neither strictly commercial housing nor pure public housing, which makes it impossible for the people living in it to receive the legal protection they deserve. For example, when it comes to the property rights of relocated houses, there is a common phenomenon of ambiguous property rights in some areas, which will inevitably cause concern among home buyers. In the event of a property dispute, it is easy for the owner to fall into the dilemma of losing assets.
In addition, the property rights of relocated homes may also have a negative impact on the sale and mortgage of homes, which will undoubtedly further exacerbate the pressure on home buyers to shop. For example, when carrying out transactions, it may be necessary to pay many expenses such as land transfer fees, demolition compensation, etc., and due to policy factors, it is impossible to handle mortgage loans and other businesses.
What is even more worrying is that due to the lack of room for appreciation of relocated houses, their prices are often lower than those of commercial houses in the same area, coupled with the impact of market supply and demand, the future appreciation potential is very small, and it is really difficult to achieve the growth of property value.
So although on the surface, the relocation house seems to be more affordable, after careful consideration, you will realize that buying a relocation home is not only about money, but also about the convenience of life after moving in, and even involves many legal issues. In order to avoid the occurrence of the above problems, it is recommended that you must maintain a cautious attitude when buying a relocated house, detail the property status of the house, and if necessary, you can seek help from a professional legal consultation agency.
In addition, the following three types of housing are also recommended to be carefully chosen.
1.It is worth reminding that consumer-oriented apartments.
The term of land transfer is usually only 40 or 50 years, compared with the 70-year land use right of a conventional residence, this type of apartment may face the problem of property rights expiring earlier, and then you need to bear many changes such as renewing the right to use and responding to relevant policy changes, which will undoubtedly add intangible risks to your investment.
2.It is recommended that you avoid overbought and sold second-hand homes.
Frequently transferred homes often carry more risks, such as quality issues, or possible proximity to bad neighbors, cluttered neighborhoods, and more. In any case, there will always be some unknown problems.
There are a number of potential issues that you may have to deal with when buying this type of property. Keep in mind that every change of ownership means paying a certain amount of taxes and fees, which are all savings earned by your hard work.
3.Avoid property options with hazards
If there is a hazard in the vicinity of a dwelling, it may pose environmental, health and safety risks to your daily life and investment, and it may not be suitable for living or investment. For example, if there are chemical plants, high-voltage transmission lines, substations and other facilities near the house, the surrounding environment and air quality may be unsatisfactory, and the long-term living in this situation may even affect health.
In summary, when deciding to buy a home, it is important to keep a clear head and weigh your financial situation and future trends, as well as carefully consider the various risk factors that may exist in order to make the best decision for you.
After all, buying a house is one of the major events in life, and it is related to our future quality of life, so we should naturally treat it with caution!