大家好，在进入正文之前，给大家做一个推荐。 我的一个设计师好友夏夏，从LXD离职后，经历过设计创业的失败，后同小伙伴一起经营了一些自媒体账号，分享全球优秀设计工作室的作品。良心干 货，超前理念，你想看的好设计全都有❗ 如果你也是设计师，想邀请你一起关注一下，这里只有好设计，真的超有料❗ ▼ 计~ 不知大家是否留意到，近来有越来越多的人，将目光投向了那些房龄较长且没有电梯的"步梯房"， 这些房子外观看似普通，甚至略显陈旧，然而却在地下市场中悄然走红，成为了一批内行人眼中备受青睐的对象，这背后究竟潜藏着怎样的秘密呢？今日 便来和大家探讨一下这个话题。 步梯房为何会突然变得"吃香"呢？ 步梯房有一个极为突出的优势，那便是得房率高 相较于当下流行的电梯房，步梯房由于没有电梯等公共设施，实际的使用面积往往会比同等建筑面积的电梯房高出10%至15%，这意味着，倘若同样购买 100平米的房子，步梯房有可能会多出一个房间的面积。 步梯房的价格相对较为低廉 其一，拆迁改造潜力较大 随着城市更新进程的加速，许多城市的步梯房小区已然步入了拆迁或改造的窗口期。那些楼层不高且占地面积较大的老小区，大多时候会成为开发商眼中 的"香饽饽" ...

"当初脑子一热买了步梯房，现在肠子都悔青了！降价十几万都没人要，真是砸手里了！" 在杭州做房产中介快 20 年的老李，提起 15 年前花 120 万买的 51.6㎡老步梯房，一肚子苦水。当年他跟风买房，就盼着拆迁一夜暴富，可 15 年过去，拆迁梦彻底破碎，房子不仅没升值，还亏了几十万利息。 如今在房产市场上，像老李这样的情况不在少数。越来越多的步梯房陷入 "不值钱、卖不动" 的困境，三四线城市的步梯房价格甚至直接腰斩，京城的步梯 学区房也退回了七八年前的水平。过来人纷纷劝诫：步梯房再便宜也别轻易入手，除非是这两种特殊情况！ 步梯房的顶楼，价格往往比其他楼层便宜不少，可这便宜真不是那么好占的。最大的问题就是冬冷夏热，夏天屋里像个 "蒸笼"，哪怕空调开到 23℃、 24℃，还是觉得闷热难耐，电费蹭蹭往上涨；冬天又像个 "冰窖"，暖气再足也不如中间楼层暖和。 比冬冷夏热更让人崩溃的是漏水问题，这简直是步梯房顶楼的 "老顽疾"。网友 @阿梅 住步梯房顶楼已经 8 年了，说起漏水就一肚子火："这房子漏水就没 根治过，隔个三五年就得修一次房顶，每次都要花几千块。一开始以为物业会管，结果人家说屋顶漏水是业主自担，原则上是所 ...

Core Viewpoint - Wealthy individuals are increasingly acquiring "staircase houses" despite their age and infrastructure issues, driven by various investment motivations [1][5]. Group 1: Advantages of Staircase Houses - Staircase houses are often located in prime urban areas with comprehensive amenities such as supermarkets, hospitals, schools, and public transport, making them convenient for residents [3]. - The price of staircase houses is significantly lower than that of elevator-equipped houses, and they typically have a higher usable area ratio [3]. - Staircase houses, usually 5-6 stories high, offer better safety in emergencies like fires or earthquakes, allowing for quicker evacuation compared to taller buildings [3]. Group 2: Investment Motivations - Wealthy individuals are purchasing staircase houses to rent them out, generating rental income. For instance, a 38 square meter staircase house in Shanghai's Jing'an District can be bought for 1.8 million, yielding an annual rental income of approximately 50,000, which is more profitable than bank savings [7]. - The potential for property appreciation through urban renewal projects or original reconstruction is a significant draw. Renovations can enhance the property's value, making it easier to sell or rent [9]. - There is also the possibility of demolition and redevelopment, which can lead to substantial returns. For example, a 40 square meter staircase house purchased for around 2 million could yield over 6.3 million in compensation if demolished [11]. Group 3: Market Conditions - The current market sees a decline in staircase house prices, with drops exceeding 30%, leading to a decrease in second-hand property transactions and rental prices [11]. - Despite the potential for high returns, the overall investment risk remains considerable due to the current downward trend in property values and rental income [11].

Core Insights - The article discusses the increasing interest in old, low-rise walk-up apartments, often referred to as "step-ladder houses," due to their affordability and potential for investment returns [2][3]. Group 1: Market Dynamics - There is a notable trend of investors purchasing old, low-rise apartments, particularly top-floor units, which were previously overlooked due to their age and condition [2]. - Prices for these properties are significantly lower compared to newer developments, with examples showing a 30% price difference for top-floor units in Jilin and a 4000 yuan price gap in Shanghai compared to lower floors [3]. Group 2: Government Policies - Various local governments are initiating policies to stabilize the market for old properties, including buyback programs for unsold inventory and incentives for property owners, which enhances liquidity for these previously stagnant assets [5]. - The government has plans to complete the renovation of old residential areas built before 2000 by 2025, focusing on properties with safety concerns, which could lead to increased demand for these old apartments [9]. Group 3: Investment Opportunities - Investors are betting on potential demolition and redevelopment opportunities, as compensation for demolished properties is based on area rather than floor level, leading to high return rates [7]. - Even without demolition, ongoing renovation policies are improving the living conditions and rental values of these properties, with rental income increasing by 15%-20% post-renovation [10]. Group 4: Property Characteristics - Walk-up apartments generally have a higher usable area due to lower common area allocations, making them more attractive to buyers and renters [12]. - Key factors for selecting these properties include location and proximity to essential amenities, which can ensure higher occupancy rates and easier resale [13]. Group 5: Target Demographics - Low total price and small unit sizes make these properties appealing to middle and lower-budget investors, allowing for easier turnover and lower financial risk [15]. - Top-floor units are particularly favored due to their lower prices and potential for high compensation in case of redevelopment, despite the inconvenience of climbing stairs [17].

Core Viewpoint - The article highlights a growing trend among wealthy individuals in China who are investing in "staircase houses" despite a generally sluggish real estate market, driven by potential investment opportunities and returns [1][3]. Investment Potential - "Staircase houses" are seen as having significant investment potential due to a notable price correction in many cities, with average declines exceeding 30%. Investors are targeting these properties for their smaller shared areas and advantageous locations, making them ideal for bottom-fishing in the market [6]. - The ongoing urban renewal initiatives, including the renovation of old neighborhoods, are expected to enhance the value of "staircase houses." Improvements such as exterior painting, plumbing updates, and the addition of elevators will increase living quality and property value post-renovation [6][8]. Rental Income - The stable rental income from "staircase houses" is another key attraction for wealthy investors. With declining bank interest rates and increased risks in stocks and funds, purchasing these properties for rental purposes provides a reliable cash flow. For instance, a 38-square-meter "staircase house" bought for 1.8 million yuan can yield a monthly rent of 4,200 yuan, resulting in an annual income exceeding 50,000 yuan and an investment return rate of 2.8% [9]. Potential for Redevelopment - The potential for significant compensation from future demolition projects is a compelling factor for investors. As urban renewal progresses, properties like "staircase houses" may be included in redevelopment plans, leading to substantial compensation. For example, a centrally located 50-square-meter "staircase house" valued at 2.6 million yuan could receive up to 7.5 million yuan in compensation if included in a demolition area [8].