Don't give up your favorite city !
For example, let's say you want to buy a house in Jingumae, Shibuya Ward. In terms of stations, it's Omotesando, Harajuku, or Meiji Jingumae. The area is a popular area with a concentration of famous brand stores, and the back streets are dotted with up-and-coming select shops and famous beauty salons. Of course, the price is also quite high. If it's a newly built apartment, it costs 100 million yen for 60̃70m2. Will loan repayments alone amount to 300,000 yen a month? So, I decided to turn my attention to used condominiums. Then I saw some things in the 40 million yen range... Even if you spend 10 million yen on renovations, you can get a property with the same size and location as a new building for about half the price.
You may be thinking, "But isn't this old?" However, please remember that owning a home in the city center is also an asset. It is said that the asset value of a condominium decreases soon after it is purchased. In 20 years, the price will be halved, and in 30 years, it will be 40% more expensive...However, after that, the price will stabilize. Even if you acquire an old condominium and renovate it, the original property value will not decrease, so you can reduce the loss caused by selling it.
By the way, it is important to remember that seismic performance does not change depending on the year in which the building was completed. If the building was constructed less than 30 years ago (approximately completed after 1983), the risk of damage is low. This difference was also made clear in the damage survey of the Hanshin-Awaji Earthquake. However, there is still a large proportion of old earthquake-resistant properties in the city center, so if you are looking for a good balance between price and earthquake resistance, you should probably aim for areas that were actively developed in the mid-1980s. In recent years, an increasing number of condominiums are considering earthquake reinforcement, and it is important to know how residents plan to extend the lifespan of their buildings.
Apparently there are 930 stations in Tokyo. There are a total of 2,034 stations in the three capital prefectures (Chiba, Saitama, and Kanagawa). I'm sure there are many people who have their own rankings by station or brand image. Each town has its own individuality: the people who live there, the shops in front of the station, the culture, the smells, the flow of time... A bar you can casually stop by on your way home from work, a cafe you frequent, a park where you can let your dog play, a playground perfect for jogging... "You can buy a house in the city you want to live in." How ideal! When it comes to renovating, there's the joy of choosing not only the house but also the city.