Property Management Hints and Tips from Japan

Delivering Japanese Real Estate Information and More!

Living in Japan Real Estate Investment

Solution to Limited Storage

投稿日:2019-09-19 更新日:

Storage is one of the most important factors being considered when looking for housing. Renovating a Japanese-styled wardrobe into modern closet, installing shelves and organizers to make storage more useful are ways to improve apartments’ value.

However, for rooms that are too small or with unique shapes preventing them from installing storage space can consider placing storage ”outside”.

Japanese Style Closet

Modern Closet

 

Rental Storage at Common Area

Following the rules of land-to-building ratio, it is possible to utilize the empty space in your property to install ”rental storage”.

For instance, it costs 500,000JPY to install five 1 m2 storage. Ideally, with the additional value of storage, owners can expect an increase of monthly rent by 2,000JPY from each tenant. In this case, annual profit increases by 120,000JPY and the break-even point will be after 4 years approximately.

On the other hand, even if monthly rent was not increased, the installation of storage contributes to tenant retention and prevents value deflation of the property.

Cloud Storage

Storage Warehouse

If pysical aspects of your apartment do not allow you to install extra storage, ”cloud storage” is the solution.

Cloud storage is a service that users store their belongings at provider’s warehouse. Users can manage their belongings via smart phone application, and derive specific items when needed.

Fee varies depending on the provider but usually costs around 200~300JPY each month for one box.

For instance, owners can bear the cost of cloud storage (ex. up to 1,000JPY) providing extra storage to tenants. This can reinforce the value of the property and may lead to monthly rent increase.

The lack of storage in apartments is an obstacle to many; it may be a good idea to consider the above options.

 

-Living in Japan, Real Estate Investment
-,

執筆者:


comment

Your email address will not be published. Required fields are marked *

CAPTCHA


関連記事

2020’s Major Events and Real Estate Trend – Civil Law Amendment, digital innovation, etc…

Japan has entered a new era – Reiwa. Below are some of the major events that happened in the real estate industry.   Civil Law Amendment in Real Estate The civil law amendment in April this year is getting the spot light in the real estate industry. One of of the major changes that will take place is the regulation regarding lease guarantor.   ・An upper guarantee amount must be set for a personal lease guarantor ・In case the lessee or guarantor passed away during the lease period, the principal amount will stop during the time of death.   …the …

Simple and Easy Ways to Shorten Room Vacancy – Room Decoration

Today I will be sharing some simple ways to shorten vacancy. A stylist room is definitely more attractive to tenants. Upgrading your apartment can shorten vacancy rate. However, the cost to upgrade or renovate could be expensive. Below are some ideas on how to easily and economically add value to your apartment. Wall stickers to decorate your room Instead of changing the wallpaper, consider decorating your room with stickers! This can give the room a new look and is cheap in cost. For example, allow tenants to decorate a certain side of the walls freely. (In Japan, tenants are usually …

Types of Fees Involved in Selling a Property in Japan

Many investors purchased properties in Japan with the anticipation of an optimistic growth in the real estate market driven by 2020 Olympics in Tokyo. With a few months left to 2020 Olympics, investors are curious about the value of their properties. Today, I am going to introduce the expenses that comes along with property selling in Japan. Brokerage Fee This is a fee paid to the broker who conducts the selling process on behalf of the owner. The maximum amount is stated by the real estate brokerage act. For transactions over 4,000,000JPY, the fee is as below. Final sale price …

Property for Sale 【April’s Pick】

Art Avenue will be delivering information of properties for sale regularly! Below is our recommendations in April. Click to download full size ⇒ 20200404_property for sale As many of you have already known, besides property management, Art Avenue also helps our valued customers in selling properties. At the same time, we also help our customers look for properties that meet their investment plan. Don’t worry if you do not know how buying and selling works! Our sales department is here to assist you throughout the process. We have various teams that specialize in buying and selling, assessing property’s value and potential rent, …

Room Vacancy Solution – Installation of Popular Room Features

2019’s most desired room features chosen by tenants was published by the national rental housing news in October 2019.   Features that contribute to rent increase   Necessary features in recruiting tenants   Every year, a survey regarding tenants’ needs is conducted among management companies and real estate agencies. 365 companies participated in this year’s survey on ”features that contribute to rent increase” and ”necessary features in recruiting tenants”. Free Internet Access is the Key to differentiate your apartment The number one feature that contributes to rent increase is free internet access on both single and family-type properties. Free Internet …