To begin life in Japan, setting up utilities such as electricity, water, and gas is essential. Here, we provide guidance on how to start each utility, with information on options for English assistance. We recommend starting these procedures about one week before moving in. If you would like additional support, we can also introduce services to help with the utility setup process. Please feel free to...
2024
Buying a home is an exciting but major life decision. It’s common for buyers to assume that only the purchase price needs budgeting, but there are also other costs—like additional fees and taxes—that need to be covered in cash, as they’re often not eligible for mortgage coverage. Generally, the total of these costs runs around 3–5% of the purchase price for a new property and 5–10% for...
The required documents for students to rent a property in Japan are as follows. ● Residence CardThis is a mandatory ID card for those residing in Japan. It includes information such as your name, date of birth, and residency status. ● Student ID or Letter of AcceptanceIf you are already enrolled, a student ID is required. If you have not yet enrolled, you may be asked to provide proof of your...
■Yokosuka■Yokosuka has a high demand for housing for U.S. military personnel due to the presence of a U.S. military base. Through "Base Contract," it is possible to set rent prices that are 20–30% higher than the usual market rates. This makes the area very attractive to investors, as high rental income can be expected. SeaHome offers comprehensive support from lease agreements under "Base Contract"...
Real estate registration is a system that publicly records information about the ownership and rights of real estate. This procedure is conducted when land or buildings are bought, sold, inherited, or when an address change occurs. Below are some key points regarding real estate registration. ■Purpose of Real Estate Registration■ The purpose of real estate registration is to publicly disclose...
■ Fire Insurance■ Fire insurance is recommended for all property owners. It covers damage to buildings and household belongings caused by fires and natural disasters. Since fire risks exist, this insurance is generally considered essential. Point: Premiums vary depending on the property's location and building structure. Areas prone to natural disasters or wooden structures tend to have...
When you buy a condominium, there are ongoing monthly costs beyond just repaying your mortgage. These include "management fees" and "repair reserve funds." It's important to fully understand these fees before making a purchase. In this blog post, we'll provide a detailed explanation of these costs, which you'll continue to pay even after buying your condo. ■(1) Ongoing Costs After Purchasing a...
The documents required for purchasing property in Japan vary depending on whether you need financing. ■(1) If You Are Residing in Japan and Using Financing■ Certificate of Residence Seal Registration Certificate (issued within the last three months) Identification (Passport or Residence Card) Registered Seal Seal Certificate : This document certifies the authenticity of the seal...
With the 2024 legal reforms, there have been changes to the procedures and required documents for purchasing property in Japan. This guide will walk you through the latest information in a clear and concise manner. ■Passport Copy■You will need to submit a copy of your passport, specifically the page showing your name, photo, and expiration...
■Ownership of Real Estate in Japan■ You can purchase and own real estate in Japan just like Japanese nationals. Here are the key features: Acquisition of Ownership: You can acquire ownership of land and buildings. No Restrictions: There are no regulations based on permanent residency, Japanese nationality,...