Comparison of the initial cost of a shared house with that of an ordinary rental apartment
Differences between the initial cost of a shared house and that of an ordinary rental apartment
Many people who are considering moving into a shared house may be wondering how much the initial cost of a shared house differs from that of an ordinary rental apartment (studio).
Should I live in a shared house or an ordinary rental apartment? That's a question you have to ask yourself.
The initial cost of an ordinary studio apartment rental is quite expensive, including a security deposit, key money, advance rent, broker's commission, and fire insurance.
Generally, the initial cost equivalent to 4 - 6 months of the monthly rent is usually required. Additionally, if moving expenses and the purchase of furniture and household items are required, this can be quite an expensive expense.
The rent for a studio apartment in Tokyo is around 60,000 yen at the cheapest areas.
The average rent for a studio apartment rental in Tokyo's 23 wards is approximately 86,000 yen, with the highest at 127,000 yen in Minato Ward.
The deposit is usually about 10,000 to 50,000 yen, and the common service fee is about 10,000 to 15,000 yen.
The total of these costs, 90,000-110,000 yen, will be the initial cost of a shared house.
While the initial cost of an ordinary studio apartment rental required 360,000 yen, the initial cost of a shared house is less than one-third of that.
Compared to an ordinary rental apartment in a similar location, the greatest advantage of a shared house is that it is less burdensome in terms of initial costs!
When comparing initial costs,
we notice that shared houses have private spaces just like ordinary rental apartments. Living in a shared house is a good option for those who want to live a daily life while interacting with others and especially those who want to keep initial costs low.
Differences between the initial cost of a shared house and that of an ordinary rental apartment
First, let's compare the average rent for a shared house and that of an ordinary rental apartment (in Tokyo).
| Shared house | Ordinary rental apartment (Studio) | |
|---|---|---|
| Private room type | ¥54,000 | ¥86,000 |
| Dormitory type | ¥40,000 | |
According to the "Survey on Actual Operation of Shared House Operators" by the Ministry of Land, Infrastructure, Transport and Tourism, the most common rent for shared houses is between 40,000 yen and 60,000 yen.
Source: Survey on Actual Operation of Shared House Operators
Now let's compare the initial cost of a shared house (private room type) and that of an ordinary rental apartment (studio).
|
Shared house (Private room type) Rent ¥54,000 |
Ordinary rental apartment (Studio) Rent ¥86,000 | ||
|---|---|---|---|
| Deposit | ¥30,000 | Security deposit | ¥172,000 |
| Advance rent | ¥54,000 | Key money | ¥86,000 |
| Advance common service fee | ¥15,000 | Advance rent | ¥86,000 |
| Fire insurance | ¥10,000 | Broker's commission | ¥86,000 |
| Fire insurance | ¥10,000 | ||
| Total | ¥109,000 | Total | ¥440,000 |
As you can see above, the initial cost of a shared house is less than a quarter of the initial cost of an ordinary rental apartment.
In addition to the initial costs mentioned above, some ordinary rental apartments may also require moving expenses and the purchase of furniture and other household goods. Shared space in a shared house is fully furnished and equipped, and many of the private rooms are also furnished, making it possible to reduce moving costs and other expenses!
Shared houses do not require renewal fees
Not all shared houses do not require renewal fees, but there are some that do not require renewal fees.
When it comes to shared houses, people tend to focus only on the low rent, but another major advantage is that some shared houses do not require renewal fees!
Ordinary rental apartments usually have a renewal every two years and require one month's rent plus a commission (0.5 to 1 month's rent) to be paid to the real estate agent at the time of renewal.
In the long run, there will be a significant difference in expenditures "with" and "without" renewal fees.
By moving into a shared house that does not require renewal fees, you can invest in enhancing your lifestyle and improving your skills!
With a shared house, you can live in a designer property at a reasonable price!
Rent for a designer property of an ordinary rental apartment is often higher than that for an ordinary rental apartment.
Many shared houses are designer properties, which are cheaper because kitchens, living rooms, bathrooms, and toilets are shared in shared houses.
The designer properties in shared houses have stylish common spaces, such as a kitchen with luxurious equipment and a large screen in the living room!
There are also many shared houses with unique spaces and facilities, such as soundproof rooms for dance practice or instrumental performances, or quiet and peaceful working rooms. Designer properties offer a luxurious daily living experience that cannot be obtained through normal single living.
Enjoy a stylish space while saving money in a shared house!
We have introduced the differences between a shared house and an ordinary rental apartment.
The biggest advantage of shared houses is the low rent and the resulting low initial cost. You can live in a popular area at a discount or in a designer property at a reasonable price.
In addition, the designer properties in shared houses are attractive not only in terms of cost but also in terms of added value, such as shared facilities and spaces. With a shared house, you may be able to easily obtain the facilities and spaces you have always dreamed of, which are difficult to obtain when living alone.
A shared house enables you to enjoy a comfortable lifestyle in a stylish space while keeping costs low!