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Real Estate in Hakone, Japan | Digital Nomad Exchange
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Real Estate in Hakone, Japan

By Joshua Wood, LPC

Last updated on Sep 03, 2024

Summary: Expats and retirees talk about real estate in Hakone, Japan? How do you find a home in Hakone? Should you buy or rent? What is the cost of housing?

William Russell
William Russell
William Russell
William Russell

What is a typical expat home or apartment like in Hakone?

"A typical expat home or apartment in Hakone, is often a blend of traditional Japanese aesthetics and modern conveniences. The homes are usually located in serene, picturesque settings, surrounded by lush greenery and offering stunning views of the iconic Mount Fuji. The architecture often features elements of traditional Japanese design, such as sliding doors, tatami mat flooring, and wooden structures. The living room is typically spacious, with minimalistic furniture and a low table at the center. The kitchen is usually compact and equipped with modern appliances. The bedrooms often have futon beds that can be folded and stored away during the day to create more space. Many expat homes also have a traditional Japanese bath, known as an ofuro, which is a deep soaking tub made of wood or ceramic. Some homes may also have a small private garden or a balcony, providing a peaceful outdoor space. Despite the traditional elements, these homes are also equipped with modern amenities such as air conditioning, heating systems, and high-speed internet. They are often located close to public transportation, making it easy for expats to commute to work or explore other parts of the region. In terms of decor, many expats choose to embrace the Japanese aesthetic, incorporating elements such as bonsai plants, calligraphy, and traditional artwork. However, the homes also reflect the personal tastes and cultures of the expats, creating a unique blend of styles. Overall, a typical expat home in Hakone offers a comfortable and tranquil living environment, allowing expats to fully immerse themselves in the local culture while enjoying the natural beauty of the region," said one person in Hakone.

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The TEFL Institute of Ireland operates under European standards of education, which are renowned and respected worldwide. Once you complete the course, you will receive a globally recognised certificate, which is a passport to teaching English worldwide and online. Teach English Online In Less Than 3 Weeks - Ditch the 9-5 job and start living life on your terms by teaching English online. Whether you want to travel the world or crave the flexibility of working from home, teaching online gives you the freedom you need.

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What is the average cost of housing in Hakone?

If you are thinking about moving to Hakone, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Hakone can vary greatly depending on the type and location of the property. For instance, a typical house in the area can cost around several hundred thousand dollars, while luxury properties with views of Mount Fuji can go for several million dollars. Apartments or condos can be somewhat less expensive, but still may cost a few hundred thousand dollars. However, these prices can fluctuate based on the real estate market and other factors," explained one expat living in Hakone, Japan.

Should I buy or rent a home in Hakone?

If you have not spent a lot of time in Hakone, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Hakone, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Hakone for a long period, buying a home could be a good investment. Owning a home allows you to build equity over time and could provide a sense of stability and permanence. However, buying a home also comes with significant upfront costs, including a down payment, closing costs, and property taxes. It also requires a commitment to maintaining the property. If you're not ready for these responsibilities or if your stay in Hakone is temporary, renting might be a better option. Renting a home in Hakone offers more flexibility. It's a good option if you're not sure how long you'll be staying or if you prefer not to deal with the maintenance and other responsibilities that come with homeownership. Renting can also be more affordable in the short term, as it doesn't require a large down payment. In addition, the real estate market conditions in Hakone should also be considered. If the market is favorable for buyers and you have the financial means, buying a home could be a wise decision. On the other hand, if the market is more favorable for renters, or if home prices are high compared to rental prices, renting might be the better option. Lastly, it's important to consider your lifestyle and personal preferences. Some people prefer the freedom and flexibility that comes with renting, while others prefer the stability and potential financial benefits of owning a home. In conclusion, the decision to buy or rent a home in Hakone, Japan, should be based on a careful consideration of your financial situation, long-term plans, and personal preferences. It's recommended to consult with a real estate professional or financial advisor to help make the best decision," explained one expat living in Hakone, Japan.

About the Author

Joshua Wood Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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