Understanding the Costs of Buying a Traditional House in Osaka

A. Property Purchase Price (購入価格)

• The price set by the seller varies depending on location, size, and condition.
• Central Osaka (大阪中心部): Higher prices in areas like Namba (難波) and Umeda (梅田).
• Suburban Areas (郊外): More affordable but may involve additional commuting considerations.

B. Additional Costs (追加費用)

• Real Estate Agent Fee (不動産仲介手数料): Typically 3% of the purchase price + ¥60,000 + tax.
• Registration and Tax Fees (登録税と税金): 6%–10% of the purchase price.
• Judicial Scrivener Fees (司法書士費用): Required for title registration.
• Fire and Earthquake Insurance (火災・地震保険): Essential for protecting your investment.

C. Renovation Costs (リノベーション費用)

Traditional townhouses in Osaka often require significant renovations:

• Renovation Budget (リノベーション予算): ¥8 million to ¥40 million.
• Common renovations include:
  • Replacing wooden floors, sliding doors, and tatami mats.
  • Modernizing kitchens and bathrooms.
  • Reinforcing structures for earthquake resistance (耐震補強).
  • Improving insulation and ventilation (断熱と換気の改善).