WHAT AND HOW DID YOU PAY FOR YOUR DETACHED HOUSE?

[Chibalass]

Paid 23 million for a used house (20 years old or so) in the suburbs in Chiba, near Tsudanuma.
0.5% 10 year fixed loan, split 50-50. Still getting the 10 year tax rebate annually at the moment, due to run out soon.
Not thinking of paying off the loan early, but we have enough in the bank to pay it if we wanted.

New homes going up around here for about 40-50 million, some apartments in tower blocks nearer to 70.

[Wales4rugbyWC23]

Paid 55 million yen for a Mitsui Home new house in Fukuoka ken, my wife really enjoyed the whole building and interior design process. We are on a housing estate where they would only certain house builders and Tama home was definitely not one of them. Financed through SMBC with a 10-million-yen deposit somehow, they are connected to Mitsui home, so it was a doddle with the mortgage despite not having PR then. Hoping to pay off the mortgage early don't like the prospect of paying a mortgage into my late sixties.

[captainspoke]

An interesting concept is the "forever home""--easily google-able.

I think that's what we have, or that we ended up with, inadvertently.

*

So if I may add this to the discussion, is the house you bought a forever home, or not?

[Silversurfer]

An interesting concept is the "forever home""--easily google-able.

I think that's what we have, or that we ended up with, inadvertently.

*

So if I may add this to the discussion, is the house you bought a forever home, or not?

It is for me. Paid off a decade ago. Shopping centers and a post office and Koban close by within walking distance. Quiet street near a major thoroughfare. Small yard. Shed. Outdoor kerosene tank - Smells like napalm in the mornings. Many trees all around the house in the narrow space between the “defensive” walls and the walls of the house itself. Renovated five of the right rooms. Have a tokonoma, butsudan and kamidana. Two tatami rooms. An attic.

Livin’ large.

[Silversurfer]

Paid 23 million for a used house (20 years old or so) in the suburbs in Chiba, near Tsudanuma.
0.5% 10 year fixed loan, split 50-50. Still getting the 10 year tax rebate annually at the moment, due to run out soon.
Not thinking of paying off the loan early, but we have enough in the bank to pay it if we wanted.

New homes going up around here for about 40-50 million, some apartments in tower blocks nearer to 70.

A tax rebate for a “used” home?

[Deep Blue]

So if I may add this to the discussion, is the house you bought a forever home, or not?

When the children have flown the coop, maybe we would think about a smaller place, maybe an apartment. Not really sure…

[Chibalass]

A tax rebate for a “used” home?

We get the 10 year tax rebate on the mortgage at the moment. I think this page explains it here:
https://www.realestate-tokyo.com/news/h ... deduction/
Available for used homes meeting some standards.

I think we have received around 200,000 back each year so 2 million back over 10 years (those numbers are estimates)

[Tsumitate Wrestler]

Land 300+m2 plot 45 minutes from Shinjuku by train door-to-door.

4LDK+ 15 years old.

84 million yen.

Loan covered the entire cost, but not associated fees. Loan is floating at .375% with Mizuho.

{Getting a bank loan was a pain in the butt, wildly different offers from different banks. I strongly strongly recommend applying with multiple banks to get the best offer. We applied to 8 separate banks, and came away with a great rate. However, we were offered some terrible rates along the way.}