Hi, so I've been in Japan for 8 years now, started my new job last year (Jan 1st) and decided to buy my potential forever home, or at least start seriously looking for one next year.
I'm looking in Kanagawa (around musashikosugi, but not against going more south like hiyoshi).
I am currently struggling deciding between focusing on detached houses or mansion at the moment.
One thing that worries me about the mansion is, what if after 10 years, the building is bought out for redevelopment? what's my situation with the mortgage and what are my options ? I understand that I will own part of the land, but I don't think it would cover the whole mortgage ?
In the case of detached house, I understand that landtax is the one thing that will cost quite a bit, but I started to wonder, should I buy an old house and put money in renovation (or reform if that's enough) or is it too risky and I should be new or build ? in the later case, any idea of the cost compared to the other options ?
Ideally my budget would be around jpy 60M cause I don't want to max out the part of the mortgage on my salary (less than 1/3)
Extra question: I intend to transfer money from abroad from my own bank account, should I wait to do that before doing the pre-approval, and should I actually find a property I'm interested in before starting that process ?
Thanks in advance, and sorry if it's the wrong place to ask.
by nekogami87