Budget Planning

Summary

Planning a comprehensive budget is crucial when purchasing property in Japan, especially for non-residents, who are nearly impossible to get a loan from banks in Japan. The total cost extends far beyond the property price itself, including various taxes, fees, and ongoing expenses that must be carefully calculated.

Beside the property cost, these are additional expenses that you need to consider. They totaled around 5%-8% of the property cost.

Budget Categories

Certificate of residence acquisition fee

• Pay to the country of residence
• Our apartment in Chiba is ~$xxx yen.

Revenue stamps (Shunyu-inshi)

• Are required to be affixed to the contract documents (No revenue stamp is required for e-contract)

Final settlement with the Seller

• Calculated based on the timing of ownership transfer.
• Prorated property tax & city planning tax
• HOA (management fees & reserve fund for repairs)

Real Estate Agent Commission

• Standard rate: 3% of purchase price + ¥60,000 + consumption tax

Insurance and Protection

• For a 3 bedroom tower mansion, ~20 years old in Chiba prefecture costs around $xxx yen

Immediate Expenses

• Cleaning fees
• Remodeling fees
• Moving related fees