Last night, I went and took a look at the aparment I mentioned in my previous post. It was tiny to say the least. They were asking 4.3 million yen (about US$43K). I tried to offer 2.5 and the agent just lauged. The apartment block is on rented land, so you have to pay 2000 yen per month. Total outgoings are 14,000 yen. So if the apartment is vacant for any period, you are going to be losing a fair bit of money.
The bathroom also looked very old and one of the panels on the bath was missing. At least it was interesting to see what the cheapest apartments in Tokyo looked like.
I couldn’t really imagine any Japanese being interested in the place. The way Japanese renovate apartment is usually very expensive, so if I got it cheap I would renovate it cheaply myselft and put in some new curtains, light fittings etc. If you rent a place in Tokyo you usually have to buy these things yourself.
If you are interested in getting an idea of how much it costs to rent in an apartment Tokyo check out this site. Pay also close attention to the actual “move-in” costs. My idea is to charge more but keep the move in cost to just one month depost.
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Written by Mike
Topics: General