Should I buy or rent a home in Tokyo?
If you have not spent a lot of time in Tokyo, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in Tokyo is a good investment, as it is a very desirable and expensive city to live in. However, whether it is better to buy or rent will depend on individual circumstances. Factors to consider include budget, desired location and length of stay. Renting can be a good temporary solution, as it is often less expensive and more flexible than buying. There are also several different types of rentals available in Tokyo, including traditional Japanese apartments and modern condos. Buying a house allows you to build equity and make a long-term investment in real estate, but it requires a large initial deposit as well as regular mortgage payments. Ultimately, the decision of whether to buy or rent in Tokyo should be based on an individual assessment of their needs, financial situation, and lifestyle," commented one expat who made the move to Tokyo, Japan.
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Other Questions:
- What do I need to know before retiring in Tokyo?
- What do I need to know before moving to Tokyo?
- How do I find a place to live in Tokyo?
- What is a typical expat home or apartment like in Tokyo?
- What is the average cost of housing in Tokyo?
- How do I meet people in Tokyo?
- What should I pack when moving to Tokyo?
- Where should I setup a bank account in Tokyo?
- Will I be able to find a job in Tokyo?
- What is life like in Tokyo?
- What do people like (and dislike) about Tokyo?
- What type of social life can someone expect in Tokyo?
- What is the social scene like in Tokyo?
- What advice to expats in Tokyo have about housing?
- What are medical services in Tokyo like?
- Are healthcare and health insurance expensive in Tokyo?
- Is the cost of living in Tokyo high?
- What are the visa & residency requirements in Tokyo?
- Why do people move to Tokyo?
Should I buy or rent a home in Tokyo?
If you live in Tokyo, newcomers to Tokyo would love to hear your answer to this question.
