In recent years, the top floors of old residential areas with more than 20 years of age in some cities have become the focus of controversy. In the eyes of many people, the top floor of the old community has defects such as water seepage on the internal walls, aging water pipes, cold in winter and hot in summer, and is not suitable for living. However, some people feel that the top floor of the old community also has three major advantages: 1. The house price is lower, which is suitable for young families with poor economic conditions, 2. The house on the top floor has better lighting and vision, and 3. The shared area of the old house is small, which makes people feel very affordable.
In this regard, some insiders said that many investors are now frantically buying the top floor of the old community, and there are business opportunities in it, and many people do not understand. In general, it can be summarized into three points: (1) the value of school district housing is highlighted, (2) the old renovation makes it have the potential to appreciate, and (3) the temptation of demolition compensation. Let's find out:
First, the value of school district housing is highlighted
Usually, most of the old communities are located in the downtown area, and there are complete supporting facilities nearby, such as schools, hospitals, supermarkets, etc. Therefore, the houses in the old community are basically school district houses. The top floor of the old community is relatively cheap, and it is the first choice for parents of students when buying a school district house. As a result, some investors will choose to buy a large number of penthouses in old neighborhoods, and then prepare to wait for the opportunity to sell at a high price.
Second, the old reform makes it more potential for appreciation
Many cities are now undergoing renovations. The so-called old renovation is to repair and transform the old community on the basis of not demolishing and rebuilding. This includes the installation of elevators to old houses, which solves the problem of residents going up and down the stairs. After the old reform, the houses on the top floor of the old community have a certain potential for appreciation, and even if the landlord sells or rents these houses, it is relatively easy to succeed.
Third, the temptation of compensation for demolition
Some investors buy the top floor of the old community, mainly because they want to spend less money to gamble on demolition. Starting in 2024, a new round of demolitions on the mainland is underway. If you buy the top floor of the old community, once you encounter a demolition project, you can get a large amount of demolition compensation. Of course, the unit price of the demolition assessment of the top floor of the old community is certainly not as high as the third and fourth floors, but the price of investors when buying a house is also lower, which is quite cost-effective.
Of course, when buying a house in an old community, you should also pay attention to the following three factors: 1. Before buying a house in an old community, you should first look at the surrounding supporting facilities and traffic conditions. If you are surrounded by schools, supermarkets, hospitals, and life is very convenient, such an old community is worth buying. 2. Environmental and safety issues in the community. Let's see what the living environment of this old community is like and whether the public security is good; 3. Whether the property fee of the community is expensive and whether the service level is good.
In fact, any investment will be risky, and those who are now frantically buying the top floor of the old community will also face the following risks: (1) Now that investment in school district housing is being curbed everywhere, it is likely that in the future, students will be randomly decided which school in the vicinity they will enter. In the future, buying a school district house may not necessarily be able to enter a prestigious school. Therefore, in the future, the value of school district housing is likely to decline, far less than it used to be;
(2) The possibility of the old community is very large, and the installation of elevators has become inevitable, but now the overall housing prices are showing a downward trend, and the top floor of the old community will not have a lot of room for appreciation, and it may also face the risk that the house cannot be sold;
(3) Compensation for demolition is indeed tempting, but not all old communities will face demolition. Therefore, buying the top floor of an old house to gamble on demolition is also a certain risk. It is advisable to always think twice before making a purchase.