What are the ongoing costs of ownership?

1. Yearly property taxes:

1.4% of the assessed value. We pay about $500 per year in property taxes for our house in Toyko.

2. Property management fees:

Unless you have a Japanese bank account/residence, you’ll need a Tax Representative + Utilities Manager. We have a few Post Purchase Partners we recommend here.

We’d recommend budgeting around $500/year.

3. Utilities:

The average cost for utilities for one person is just under $100 a month: about $40 for electricity, $30 for gas and $20 yen for water.

4. Fire and EQ Insurance:

~$500/year - we usually recommend buying this at time of home purchase in 5 year chunks.

5. Maintenance:

This will be a case by case basis. We recommend budgeting ~$1,000/year on general maintenance.