Properties with Setback
Posted: Wed Mar 03, 2021 8:27 am
We have been looking at some properties, and quite a few have a clause saying "setback XYZm" (セットバック).
I was originally very unfamiliar with this term so I did not pay attention to it, but it turns out it may be a substantial issue in getting a house/land. They are also slightly cheaper (10%) than the rest of the houses.
The term seems to be used whenever the front road is less than 4m wide, hence when you rebuilt the property you can not build on the setback part.
We are a bit confused though as sometimes this part is classified as "private road", other times not.
I am unclear on the potential costs associated with these properties. But for people looking for new houses, I would add that to the list of important matters to consider, as from what I found, for private roads the owner needs to share/cover the cost of paving or other work needed. So, if we need to pay millions of yen at some point later these properties may not be the best option, although cheaper initially. On the other hand, if it only stops us from building in a small part of our land, this would not be so much of a problem considering the amount of money we save on the mortgage.
We will probably end up on the city hall to ask questions, any other thoughts are welcome.
I was originally very unfamiliar with this term so I did not pay attention to it, but it turns out it may be a substantial issue in getting a house/land. They are also slightly cheaper (10%) than the rest of the houses.
The term seems to be used whenever the front road is less than 4m wide, hence when you rebuilt the property you can not build on the setback part.
We are a bit confused though as sometimes this part is classified as "private road", other times not.
I am unclear on the potential costs associated with these properties. But for people looking for new houses, I would add that to the list of important matters to consider, as from what I found, for private roads the owner needs to share/cover the cost of paving or other work needed. So, if we need to pay millions of yen at some point later these properties may not be the best option, although cheaper initially. On the other hand, if it only stops us from building in a small part of our land, this would not be so much of a problem considering the amount of money we save on the mortgage.
We will probably end up on the city hall to ask questions, any other thoughts are welcome.