There are many doubts regarding houses or apartments in Japan. Some ask: are houses in Japan small? Is buying a house in Japan expensive? Is rent in Japan expensive? Is it worth living for rent or buying a house? We will answer these and other questions in this article.
Many people tend to generalize homes in Japan because they saw people living in a cubicle on television. This actually happens when more than half of the Japanese population prefers to flock to the same city.
Japan is very big, it is possible to have mansions, giant multi-storey houses, or a small apartment if you want less work. Life in Japan is fast paced, food in restaurants is cheap and affordable. Japan is simply practical!
How are the Houses in Japan?
An generalized idea of foreigners is that the houses or apartments in Japan are extremely small. Yes, apartments in central Tokyo can really cost a fortune, both rent and purchase.
But on the other hand, there are houses for sale in many regions of Japan for super cheap prices, there are places that the government even offers land and houses for free. All this due to the agglomeration mentioned at the beginning of the article.
So, whoever thinks that Japan lacks space and that everyone is living tight and crowded. is totally wrong. Neither I nor most Japanese see the need for a giant house to take the trouble to clean.
Most houses are between 40m² to 90m² but it is common to find huge houses with 200m² or tiny APs of 20m² in cities like Tokyo. It may seem small but most houses have 2 floors and a facility that western houses do not usually have.
Some of these facilities are the hot tub (bathtub), bathroom separate from the bathing place, air conditioning, sliding doors, tatami flooring and many others unique features. Although small, Japanese houses are powerful, I wanted one here.
If you buy land, it takes 4-6 months to build a Japanese house. Generally, construction companies offer standardized or customized designs.
How much does a house or apartment cost in Japan?
This is quite relative, it is possible to find cheap houses for 100,000 reais, but prices can easily exceed 1 million reais depending on the location and size. Due to the Japanese salary, most prefer to pay rent than to buy a house.
Is the house in Japan too expensive? No, it is not always expensive. First you should never compare prices of things in another country using our real currency. The country's economy and wages are totally different.
For you to know the size and price of properties visit this site by clicking here. Let's make a comparison with a table below, taking into account that the m² belongs to the area of the house and not the land, and that all the houses below have a hot tub and a separate bathroom.
|Price 円||Price R$||Size m²||Location||Others|
|198.000.000||6.000.000,00||400||Osaka||5 floors 6 rooms|
|61.800.000||1.800.000,00||256||Kanagawa||2 floors 6 rooms|
|23.800.000||722.000,00||63||Tachikawa - Tokyo||2 floors 3 q - 2012|
Did you notice that there are cheaper houses than in Brazil? Of course, some of these houses need renovation, you should know well before buying. None of the houses mentioned above are small as some like to generalize.
In Japan where minimum wage is from 5 thousand reais, is it expensive to pay 700 thousand reais in a house? Remembering that everything needs to be researched and analyzed. Having houses in Japan also has other expenses like taxes, construction and maintenance.
Should I buy or rent a house in Japan?
Despite the affordable price, it is not easy to find a home in a pleasant location, close to a train station, close to your job. In addition, it is necessary to pay insurance, taxes and go through many bureaucracies.
Often buying the home without examining the contract can end up causing a lot of problems. Many prefer to live on rent because they work in a factory with an uncertain job, are unable to raise money, or are unable to finance.
Some singles find it easier to live in a rented apartment in a big city. Many Japanese, and mainly foreigners who have an indecisive future, would rather pay rent than spend millions on a home.
Some rentals are very flashy, some even offer internet, water, gas, insurance and energy for free. Others find renting a house less work, less expense, and they can live their lives without worrying about anything.
They think that just having the place to lay their heads and put the junk is enough for the busy lifestyle they lead. Many use their salary and free time for leisure, and have no reason to stay at home, some even prefer to live in small apartments that seem capsule hotels.
When the Japanese intend to marry and raise a family, buying a home becomes one of the goals. The parents of some young people have collected money since their childhood to give their son a home. Other children get a home from their parents' inheritance.
Therefore, whether or not renting is not due to savings, but a personal choice. No matter the country, there will always be families who want a home, but are unable to finance or buy.
The fact is that having a home in Japan is not impossible and it is not so difficult, if you want, you have to go for it. It is necessary to analyze the circumstances to know if it is worth buying or living in rent.
Is it possible to finance a home in Japan? What does it take?
A person can only finance a house in installments up to the age of 79. It is possible to enter in order to decrease the installments, just as it is possible to finance 100% of the amount according to its annual gain.
If a person buys a house that costs around 30 million with 35-year financing, with no down payment, he will pay about 110,000 yen a month by paying about 15 million yen more in interest. One must be aware before financing a property.
To finance a house, gensen (proof of income) is required, inkan (stamp) and zaishoku shoumeisho (proof of work). It is also preferable to have a permanent visa and be enrolled in some social insurance or health insurance.
Some banks require additional requirements such as a stable job for more than 3 years, a guarantor or not should be in other financing. You need to fill out forms entirely in Japanese to continue financing a property.