Ziv Nakajima-Magen - 日本传统住宅中隐藏的风险.pptx

1、Structural Inspections,(Who Needs Them Anyway?),Mainly Foreigners,Apparently,70-80%of homes in Japan are sold as is,App.half of all sales are 20 y/o,App.92%of sales are single family homes,App.70%of SFH over 20 y/o are sold without a structural inspection,Why they dont,Houses are seen as disposable,

2、“New is Better”buy to re-build(subsidies),Cost/Price ratio,Not mandated by lenders,FOMO,Why you(probably)should,No subsidies for non-residents(mostly),Less choice of contractors,May require middle-man overhead,Do you need the headaches?,What The Eye Cant(Always)See,Foundation issues Settlement/liqui

3、fication:10 mil,Rot,mold,termite infestations:5 mil,Plumbing&electrical:2 mil,Roof issues:4 mil,Case Study 1:Sapporo(1978),REAL COST:14 17 mil￥,Cost of repairs:6 9 mil,Purchase price:8 mil,Issues found:Foundation settlement,steel corrosion,seismic instability,Case Study 2:Shizuoka(1986),REAL COST:9

4、13 mil￥,Cost of repairs:3-7 mil,Purchase price:6 mil,Issues found:Major cracks&leaks from exterior,roof,Case Study 3:Chiba(1993),REAL COST:12 18 mil￥,Cost of repairs:3-9 mil,Purchase price:9 mil,Issues found:Rot,evidence of termite infestations,Key Takeaways,MAKE INFORMED DECISIONS,Cheap Houses CAN Work IF-,Youre planning on a major renovation,Youre buying primarily for land value,Youre buying with an inspection,Youre buying with a sufficient reno buffer,QUESTIONS?,