Buying an Apartment in Tokyo

Рет қаралды 13,986

7 ай бұрын

We bought an apartment in central Tokyo! In this video, I share how we approached buying an apartment, what apartments cost in Tokyo, and what we considered and prioritized. I also show the area we looked in and give a tour of 5 apartments we looked at.
CHAPTERS:
0:00: Intro
1:27: Prices of Apartments in Tokyo
1:55: The Tomigaya Area
2:44: Central Tokyo vs. Greater Tokyo vs. Rural Japan Apartment Prices
3:55: 5 Apartment Tours in the Tomigaya and Kitasando Areas
9:44: Earthquakes and Building Retrofitting in Tokyo
11:46: Submitting a Bid to Buy an Apartment
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► LINKS:
👋 My website: www.barrettish.com/?...
🔑 What It’s Like to Buy an Apartment in Central Tokyo: www.barrettish.com/log/post/b...
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#tokyoapartment #buyingahome #apartmenttour

Пікірлер: 45

@KickAssets 7 күн бұрын

Congrats! I own 15 properties in Japan myself. Real estate is fun here cause it's still affordable.

@roxas896 7 ай бұрын

Yay! Congratulations🙂. You guys did good. So happy for you.

@barrettish 7 ай бұрын

Thank you!! 😊

@bluasterisk 7 ай бұрын

Owing property is always exciting! Congrats on the new place!

@barrettish 6 ай бұрын

Yeah first time for me! Thank you!

@danielhan1757 4 ай бұрын

Really good video Barrettish! Very informative 👌

@barrettish 4 ай бұрын

Thanks Dan! 🙌

@garcurran5079 5 ай бұрын

Very informative, thanks

@barrettish 5 ай бұрын

Thanks for watching!

@shibafujiwatches2808 13 күн бұрын

Congratulations! Been there done that twice here so far.

@Komainu959 7 ай бұрын

Congrats and Happy Thanksgiving!

@barrettish 6 ай бұрын

Thank you and hope you have a nice holiday season!

@goutfromfriedokra 2 ай бұрын

@@barrettish why not consider Osaka? it's cheaper price home, right?

@franciscasantamaria3593 Ай бұрын

Great video and choice, I appreciated your accurate explanations. I love floor plans. Does place come with storage and parking space? Regards!😀👍

@barrettish 24 күн бұрын

Thanks! 😁 It doesn’t, both are definitely luxuries in Tokyo. This building has a couple of parking spaces for an extra fee if available.

@SuperWhacka 7 ай бұрын

I've stayed in a few different parts of Tokyo before and always loved the west side of Shibuya around the Uehara area, congrats! 🎉

@barrettish 6 ай бұрын

Yeah it’s a nice area! I’m glad you were able to stay in different parts of Tokyo! Thank you! ✨

@cafelate9515 4 ай бұрын

Hi Barrett this is my first video I seen of yours. You don’t seem like a Japanese person and more like a Chinese person from the US. I am also a real estate broker. It is nice to see how real estate looks like in Japan and the prices and location.

@barrettish 4 ай бұрын

lol why do you think so? I'm glad you found this interesting. From what I can tell, real estate is pretty different in Japan compared to the US.

@kahawaiihele 15 күн бұрын

Aloha, from Oahu. Found this video as I just started my own online research. My son will be going to University in Setagaya this fall. I will be there in Aug and will be looking to view apartments. Interested in thearea between Setagaya, Shibuya and Meguro. I really like the Yoyogi area. Was looking to buy around Dec/Jan timeframe, but exchange rate is great right now. Interesting detail on building age. I do see earthquake resistance on some ads. Looks like places are at a premium and that I might need to consider purchasing sooner rather than later? Do you notice more of a run on 1br vs 2br? Would like a 2br and keep it under $450K. Have you considered doing a short-term rental with your place when you're not there? If your building allows it?

@indigo_died6910 7 ай бұрын

I'm so confused with the timeline. You left Japan for America, still travelling regularly to Japan for your work, now you've bought an apartment in Tokyo? Congrats :D

@barrettish 7 ай бұрын

lol something like that 😆 Thank you!

@SubtleProvisions 5 ай бұрын

Very informative. What's the link to that map with the colored dots? Thanks

@barrettish 21 күн бұрын

I have linked on my blog, but the controls/filters are only in Japanese: www.barrettish.com/log/post/buying-an-apartment-in-central-tokyo

@etherdog 7 ай бұрын

Wow, Barrett, we expected you to move back to Japan but maybe not so quickly--but this looks great! Buying in that neighborhood for only $300,000 seems like a good deal. If the place is going through renovation still, don't be afraid to insist on tailoring things to your liking because doing so now will be the best money you will have invested in the project.

@barrettish 6 ай бұрын

Thanks! Well, I’m not fully moving back lol just trying hard to have two bases. Thanks for the tip, we can do everything at once but so far it’s going well :)

@Mwoods2272 7 ай бұрын

Barrett, you are a baller, an apartment in Tokyo and a house in Hawaii. People can't even pay their rent in Tokyo and you have 2 homes in two of the most expensive cities for housing.

@barrettish 6 ай бұрын

Nah, I’m totally not. I don’t own anything in Hawaii. Still trying to figure out how to make a living there.

@empeds9975 3 ай бұрын

Is your new apartment in Omotesando? Or Yoyogi? Both excellent areas

@barrettish 3 ай бұрын

In the Yoyogi Park area. Yeah, the general area is really great!

@Dflowen 6 ай бұрын

4:46 is what you settled with - a fixer upper. 12:33 swept it right under then eh Barret? XD. As your realtor said, "It's business". But 7 years searching for the other bidder. 13:27 wowzer 2.5 million yen or USD$25k on hand.

@barrettish 4 ай бұрын

Yup, glad it worked out! I do feel a little bad for that other person but hopefully they found something too! Bringing all that cash was pretty nerve-wracking!

@larrynebron7140 7 ай бұрын

Were you given a Comp Sheet? How could you sanely make a bid when do not know what similar properties recently sold for. Where i live the listing agent will give a comp sheet away to the home visitor

@barrettish 7 ай бұрын

No but we knew that it was within range of what similar places sold for in the area, it and it was possibly on the lower end considering year, construction type, etc.

@dothetwist298 Ай бұрын

35-45 is very cheap for that area. Do you feel like there was a lot of competition for these apartment buyers-wise? I live in the area. It I’m renting a tiny apartment, would love to actually buy one here in the near future.

@barrettish 25 күн бұрын

Yeah we felt that we lucked out so we pulled the trigger. I think there was a lot of competition, especially because of the season which was the busiest for buying and selling. One agent also said that he was considering a place for himself in the area and a rich Chinese person swooped in and paid in full so he couldn’t compete. Just gotta keep looking though, hopefully an opportunity comes up!

@Dogsnark 5 ай бұрын

Once you have purchased an apartment, I imagine there is also an additional monthly fee, like the home owner association fee at American condominiums. Is there such a fee in Japanese apartment buildings, and if so, about how much is it for your ~50 million ¥ apartment?

@barrettish 2 ай бұрын

Yes there is. I don’t know how it compares with other parts of the U.S., but it’s way cheaper than ones in Hawaii. Fees at this apartment and other similar ones I’ve heard are usually within the ¥30,000~¥50,000 per month range. In Hawaii if it’s $700 that’s not bad, some are a thousand or two!

@jirojiro1029 7 ай бұрын

I have heard that property tax is a big problem for owning real estate in Japan especially if you are not actually living in Japan you are like losing money every year. What’s your take on that?

@barrettish 6 ай бұрын

To be honest I’m not super knowledgeable about that, luckily my wife handled it. Property taxes depend on the value, and due the area and the trend, it probably will go up which would potentially become a burden if we’re not there much.