I would like to talk about the selection of real estate properties that I did during my stay in Tokyo. It may be helpful for those who are considering real estate investment in Tokyo from now on.
I think each person has their own preferences when it comes to property selection. My criteria for choosing a real estate property are the following. I used the property as my residence for several years and now it is an investment property. When I purchased the property, I chose it with the intention of renting it out in the future.
Convenient location
When choosing a property, I first chose a property within a 5-minute walk from the nearest station. In Tokyo, trains are important as the main means of commuting, so it was important for me to be able to move around smoothly on a daily basis.
Alternative Routes – Relief Measures in Times of Disaster
Trains are the main means of transportation in Tokyo, but in case of disasters or accidents, I also confirmed that there are alternative routes in addition to routes that use the nearest station. To live with peace of mind, it is important to have a location that can respond to unexpected situations.
Consideration of ground stability
In case of an earthquake or disaster, it is safer to have a solid ground. The name of the land may also be derived from a disaster. Place names that contain Chinese characters such as 川, 浜, 浮, 谷, 低, etc., may pose a disaster risk. On the other hand, good ground includes Chinese characters such as 山, 台, 丘, 高, 上.
I checked the origin of the place name in the address of the property. Also, being a history buff, I bought old maps of Tokyo to find out how the land I was looking to buy was used in the Edo period (Year 1603 to Year 1867). It was romantic and fun to explore in this way.
Land pattern with future potential
The atmosphere in Tokyo changes dramatically depending on the location. I think that choosing a place where people are likely to gather in the future will increase the rate of people renting. Before purchasing a property, it is important to take some time to get to know the local characteristics of the property.
Confirmation of past disasters and countermeasures
The land where my property is located was flooded several years ago due to heavy rainfall and water runoff from a nearby river. I heard that in response to this disaster, the Tokyo Metropolitan Government built a facility to store floodwater in a tunnel installed underground. Gathering information on the safety of Tokyo was an important step in deciding on a property
Ensuring a safe home environment
I noticed that the brightness during the day and the safety at night are different. Especially as a woman, I took into consideration whether the way home at night was safe. I remember that my previous rental property didn’t have enough light to come home at night, which was a factor in my decision.
Choosing a reliable real estate company
In the case of condominiums, the reliability of the management company is also important. Careful maintenance and management for the future will lead to long-term peace of mind. I used this general incorporated association. By searching for real estate properties through a general incorporated association, it was good that it was highly reliable and that we could receive services such as discounts.
By sticking to these conditions, I was able to enjoy my real estate investment in Tokyo. I hope that by taking the time to carefully select a property that is right for you, you too will have a compelling real estate investment experience.
Summary
The key points for successful real estate investment in Tokyo are convenient location, disaster countermeasures, ground stability, land with future potential, safety, and the selection of a reliable real estate company. Careful property selection with these considerations in mind can result in an enjoyable investment experience.
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