What are the actual profits and costs of investing in an apartment?Today, we received an inquiry about one room in a condominium and the following question arrived. I would like to know what would be the investment return of this apartment if for rent for about 5 years... Today's content explains the costs and actual profits of non-residents who make real estate investments in condominiums in Kyoto. About calculation of income tax of real estateThe tax on rent income is not uniform because the income tax rate varies depending on the taxable income amount. The amount of taxable income is not only considered as real estate income, but it also relates to salary income. This also involves income deductions, so it is not possible to simply calculate "how much is the tax on rent income". How to calculate income tax on rent income In order to obtain the income tax amount, it is necessary to calculate the taxable income amount and derive the tax rate. The taxable income amount can be calculated by the following formula. Taxable income amount = (Salary income + Real estate income) - Various income deductions Breakdown of various income deductions depends on each situation such as basic deduction, salary deduction, spouse deduction. Income tax is called the progressive tax rate, and the higher the income, the greater the tax burden. As shown in the table below, the tax rate of rent income is determined according to the total income, and is divided into 7 levels from 5% up to 45% according to the taxable income amount. The formula for calculating the income tax amount is as follows. Income tax amount = taxable income amount ✕ tax rate - deduction amount For non-residents, the rent obtained from rent investment in Japan is calculated as annual income. About depreciationDepreciation refers to a calculation method for acquiring depreciable assets and allocating the expenses (construction costs and purchase prices) incurred in acquiring the assets by dividing them into the number of years set for each type. Depreciable assets are fixed assets that businesses acquire for the purpose of using them for business purposes, and lose their value over time, and the purchase price is set at 100,000 yen or more. Buildings, cars, machinery, equipment, software, etc. are typical depreciable assets. Concept of building depreciation When calculating the depreciation of real estate, it is important to separate land from buildings. As mentioned above, depreciable assets, including buildings, are those that lose value over time, whereas land does not change in value over time, so it won't be subject to depreciation. When you build a building only on the land you already own, the price of the building is clear. When you purchase land and buildings, the purchase price includes the price of buildings and land, so it may be necessary to calculate only the price of buildings separately. How to calculate the useful life of used assets when the building age does not exceed the useful life The calculation method when the building age does not exceed the useful life is as follows. Service life = (Statutory service life - Age) + age x 0.2 (round down) The following is part of the depreciation rate table for depreciable assets. Using various formulas as above, calculate the estimated cost, tax to be paid, etc. from the estimated rent and derive the final profit. Below are the answers to our customers today. Annual Rent 6,600,000 yen Annual Cost ; - maintenance fee 670,440 yen - reserve fund 137,400 yen - others 24,420 yen - fire insurance 60,000 yen (roughly amount) - fixed asset tax 280,000 yen (roughly amount) - property management fee 217,800 yen (3% of rent and tax) - tax accountant payment 200,000 yen (roughly amount) - real estate acquisition tax (one time) 1,000,000 yen (roughly amount) - depreciation 1,780,000 yen (roughly amount) First Year Income 3,884,446 yen breakdown - rent income 6,600,000 yen - cost 2,590,060 yen - gross profit 4,009,940 yen - tax 125,494 yen Second Year and After 4,829,446 yen breakdown - rent income 6,600,000 yen - cost 1,540,060 yen - gross profit 5,059,940 yen - tax 230,494 yen 1st yr plus 2-5 yrs income = 23,202,230 yen Tax accountants can also be introduced individually. If you have any questions about real estate investment or have any real estate interests, please contact us.
Change the wallpaper of the apartment. We will explain the three points to check and the cost.There may be times when you want to change the wallpaper of an apartment you purchased, when the stains start to stand out or you want to refresh your mood. At that time, do you wonder if "Is it okay to change the wallpaper of the apartment?" As a premise, in the case of a rental property, there is an obligation to restore the original condition, so basically the wallpaper cannot be replaced. In this article, if you want to change the wallpaper of the purchased property, we will tell you the estimated cost of changing the wallpaper and the DIY method. Three points to check before changing the wallpaper of the apartmentApply to management association The Ministry of Land, Infrastructure, Transport and Tourism has established a standard called "standard management rules", and many condominiums throughout Japan have the same or similar standards as the standard management rules. The standard management rules stipulate that "when attempting repairs or remodeling, owner must first apply to the president of the management association and obtain written approval." Actually, it depends on the rules of each condominium, but in most cases, when the resident changes the wallpaper, owner must apply to the management association in advance and obtain approval. You don't have to be overly rigorous, even if you need approval, because it doesn't go through such a rigorous review. If the application is approved, you can freely change the wallpaper within the approved range, so be sure to apply without ignoring the rules. Know the structure of an apartment If the condominium structure is reinforced concrete, wallpaper may be attached directly to the concrete surface. In this case, you cannot attach the wallpaper neatly unless you choose a wallpaper that can be attached directly to concrete. In particular, if the wallpaper is laminated and has an antifouling effect, it will be difficult to stick it in a flat state. Choose a wallpaper that suits the structure of your condominium, and be careful not to create a different finish than the image. Know the type of wallpaper The wallpaper used in the condominium is mainly divided into two types: mass production cloth and general cloth. We will introduce each feature together with the materials used. Mass production cloth Industrial cloth is a mass-produced cloth that often has a simple design, but the advantage is that it is cheap and available. Since the wallpaper is of high quality and has both durability and mildew resistance, it is used in many rental houses and houses for sale. Various manufacturers are producing, but the format has not changed significantly. Instead of having no special personality, it is a wallpaper produced with the concept of suppressing costs and supplying standard wallpapers. General cloth (1000 series cloth) General cloth is a cloth sold by wallpaper makers, and it is a wallpaper that mainly uses vinyl cloth such as vinyl chloride resin. Although it is more expensive than mass-produced cloth, it has the advantage that it has abundant colors and designs, so it is easy to prevent stains, and there is also wallpaper that has the function of absorbing moisture. This is a wallpaper that each manufacturer puts effort into producing, and they are renewing and selling a pattern with a volume that is several times the volume of mass production cloth. Therefore, it will be expensive, but you can find unique wallpapers, and you can search from many samples, from calm designs to designs that please children. Breakdown of costs for changing wallpaper in the apartmentWhen changing the wallpaper of a condominium, both the material cost of the wallpaper itself and the cost of the construction to attach it will be required. The fee varies depending on the material of the wallpaper, the size of the room, and the details of the construction work, so check the price quotes for each item. Wallpaper costs As we mentioned earlier, usually either the mass production cloth or the general cloth is used for the wallpaper of the apartment. It is worth considering that the cost price per 1 sqm is 800 to 1,000 yen for mass production cloth and 1,000 to 1,500 yen for general cloth. Assuming the size of a typical room, let's take a look at the market price of wallpaper material costs.
In the case of a general cloth, there is a difference of about 500 yen per ㎡ between the cheap price and the high price, so the larger the room, the more different the price. Also, if you select a "luxury cloth" that exceeds the performance and design of ordinary cloth, the price will be even higher. Cost for replacement work The re-covering work includes construction costs, curing costs, groundwork processing costs, and disposal costs for old wallpaper. Depending on the construction company, the wallpaper fee may include the construction fee, so check in advance whether the construction fee is required separately. When the construction cost is separate, if the above work is enough, the price of the cost is about 20,000 to 50,000 yen. However, if you move a large piece of furniture, such as a piano, or need special curing, you will generally be charged an additional fee. Is it possible to do a DIY wallpaper replacement?It's possible to change the wallpaper in DIY, but you'll need to procure the wallpaper yourself, and you'll need to buy glue, a cutter, and a resin roller to make it flat. All of these items are sold as a set, so it's convenient to purchase at a home improvement store or interior shop. DIY costs include the cost of adhesives, in addition to the cost of wallpaper sold at the store. In the case of a room of about 8 tatami mats, if you choose a cheap wallpaper, you will be able to refill from about 20,000 yen to 30,000 yen. It's a good idea to try DIY if it's a small room or make an accent wall, as it can save you money. However, if you don't want to fail in a wide range of construction work, it is safer to ask a construction company that seams will not stand out and there will be no problems with bubbles or deviations. SummaryEven if you purchase a condominium, it is generally not allowed by the rules to change the wallpaper without permission, so be sure to apply to the management association and obtain approval before changing the wallpaper. The market price for refilling varies depending on whether it is a mass production cloth or a general cloth, and if you ask the construction company, the wallpaper fee may include the construction cost.
The wallpaper affects daily life, so it depends on the area to be replaced, but it is safer to ask a reliable construction company than DIY. Let's create a "tea room" in your home! Points to keep in mind when planning the floor planWhen building a house, buying a condominium, or remodeling, many people think, "I want to make the house a little different from the normal one." In any case, you want to add personality to your house. For example, if you or your family enjoy "tea" as a hobby, you may have thought that "I would like to make a tea room for the floor plan of my house." However, it is still difficult to make a tea room in earnest. Various knowledge and expense are required. However, if "making a Japanese-style room that can also be used as a tea room as one of the interiors" is realized, it may be possible depending on the device. This time, we will explain how to think about the layout when making a tea room at your home. Image of how large the tea room should beImage of how large the tea room should be There are various types of tea rooms, but there are the following two types. 1. Hall This refers to a tatami mat that ranges from four and a half tatami mats to 15 tatami mats, and is generally called "Shoinfu." This Shoin-style tea room has "floor" and "shelf" to decorate various things. Therefore, a certain amount of space is required. It is characterized by its elegance and glitter, such as "Enjoying tea while watching a work of art." 2. Koma Small room A room with a floor area of 4 tatami mats or less. These are generally called "Souanfu". This Souanfu tea house is said to have been completed by Sen no Rikyu. Sen no Rikyu cherishes the simple taste that removes the luxury from the tea room, so it is very simple compared to the Shoin style. Hideyoshi Toyotomi also made his own tea house in this form, and it was a tiny 2 tatami mat. In this way, there is a tentative classification according to the size of the room, but since the point is based on the content and concept of the tea room, it is said that "the size is a hall, but it does not apply to the Shoin style" depending on the tea method. Ultimately, let's think about how large a tea room you want to have in your house, based on "whether you want to secure it" and "whether you can secure it". The "4 tatami mats" belongs to the Koma Small room as well as the hall, and it is not necessary to create a tea room based on this size, but it is "historically classified like this". What to do with "Ro(Fire)" for boiling tea for tea?A tea room requires something called " Ro(Fire)". This refers to the "Irori" that boils hot water for making tea. Making Ro is called "make a fireplace in the floor". It is recommended that carefully consider what Ro to choose, taking into account subsequent applications and fire prevention measures. Also, the make of Ro will need to be considered first along with the type of Ro, as the floor plan will change depending on the Ro making (position). Whether to make a fireplace in the floor or "place Ro" If it's a full-scale Ro, dig the underfloor and put charcoal in it to make it a roast. However, depending on the circumstances of the house, it is difficult to dig deep, so there is also a method called "Place Ro". This is like putting a Ro in a box on the floor, but there is also a type that can be used at a lower position by digging in a little bit. Ro using fire or electric Ro There are two types of Ro: full-scale Ro that uses fire and “electric Ro”. First, you need to decide which to use. If you place importance on the practice of the tea ceremony, the practice may not progress unless you use Ro that uses fire. However, from the perspective of fire prevention, you may be forced to choose electric Ro. In addition, the "Place Ro" introduced earlier has a fire type and an electric Ro type, which can be selected depending on the household situation and your preference. Let's make a "Nijiri-guchi" to enter the tea room The Nijiriguchi is the entrance to the tea house. It's not as tall as a typical doorway because it makes you feel like you're moving forward (in a sitting position). In the tea ceremony, the customer will enter from this niche. The entrance is unique to the tea room, so if you make it, it will give you a real atmosphere. In addition, it is common in tea ceremony for people who make tea to enter and exit from the entrance called "Sadou-guchi", which is dedicated to the owner. When making this tea ceremony entrance together with the Nijiri-guchi, it is necessary to consider how to cut make a fireplace in the floor and the floor plan. Isn't it fun to add originality instead of perfect "reproduction"?
There are various styles of tea ceremony, and there are detailed rules for the tea room. If you are a serious tea maker and you really want to stick to the tea ceremony, you may want to stick to the floors and create a real tea room. However, even if the tea room is adopted as a part of the interior, or if you try to add your own attention to it, it will be a "tea room" with originality. Let's aim at making a tea room that is not too difficult, considering the floor plan and cost of the house. If you want to create a tea house, you need to find a building company or construction company that accepts orders for the design and construction of the tea room. Let's select and consult while looking at construction examples. Have you asked for negotiations when applying for rent?When we manage the building, we may be asked to negotiate the conditions when receiving an application for moving in. Today, we will explain what kind of negotiations are going on, what parts of negotiations are passing, and what parts are difficult to accept. Acceptance of negotiations depends on agreement between both Lessor and Lessee.First of all, the lease contract is concluded with the agreement of both the lessor and the lessee. It is not possible to conclude a contract based on only one request. Therefore, the fact that the negotiations on the conditions settle down is also a condition for the agreement of both lessor and lessee. In addition, the conclusion of the conditions is greatly related to supply and demand. For example, if many people want to rent the room, the demand will increase, and the lessor side can conclude the contract on favorable terms. On the other hand, when there are many suppliers on the off-season, it becomes possible for the lessee to freely choose the property, and it is possible to conclude a lease contract with more favorable terms for the lessee. What conditions are subject to negotiation?As mentioned above, the contract conditions fluctuate depending on supply and demand. For example, if the building is new and many people want to rent it, the rent will be high, and there are many cases where the condition of Key Money, which is a Japanese custom, is added. Or if there are no key money in the off season throughout the year, for example, if you sign a contract in the middle of the month, you will get free rent for fractional days less than 1 month. Whether the negotiation is successful or not, the following conditions are subject to negotiation. - rent - key money - Contract date (the standard payment date for rent, which usually occurs within one month from the application, is moved slightly backward) - Rent date (Contracts are signed on a regular schedule and the rent date is moved slightly behind) - Renewal fee However, the conditions below are unlikely or impossible to negotiate. - Maintenance fee -Fire insurance -Guarantee company fee -Agency fee -Contract renewal fee For example, a maintenance fee is an expense required to maintain and manage the entire building, and is also required to operate the building. It is also necessary to take out fire insurance, as it will compensate for damage caused by a fire or accidental fire from your neighbors. It may be possible to remove the use of a guarantor company, but it is a necessary procedure for the lessor to receive the rent under the current Lease and Lease Law, such as adding a security deposit and requiring a guarantor. About the effectiveness of negotiationFor example, let's say you verbally ask an agent to negotiate terms with the landlord, and sign a lease contract if the terms are met. If so, will the verbal convention become a contract item? Is it just a promise, do I have to keep it before I sign? Under Japanese civil law, a contract is considered to be formed by the agreement between the applicant and the approver. Therefore, as a general rule, a verbal agreement will also be sufficient and effective to complete the agreement. This is called a consent contract, and sales contracts and lease contracts correspond to this. However, there are some contracts that can only be concluded in writing, which is called a formal contract. In the case above, you negotiated the conditions on the premise of agreement, so if the owner accepts the content and if the agreement of the conditions is obtained, it becomes an oral agreement and the contract is actually valid. The negotiation is win-win for both partiesLiving in different cultures, customs, and languages often lead to different communication and ways of thinking. It is possible to comply with the law, but it is the best negotiation to collect the requests of both parties before each other, and each of them will be able to conclude the contract comfortably. There are many opportunities to expand from one relationship. Let's proceed so that each one can live a happy and pleasant environment.
How much does it cost to renovate the bathroom? I will explain the types and points when renovating.The bathroom, which always wants to be kept clean, is a place where many people consider remodeling after long-term use, where stains and scratches such as mold become noticeable. Therefore, this time, we will explain in detail the types of bathroom remodeling and the points to be aware of in addition to the cost of remodeling. What is the right timing for bathroom renovation?The life of the bathroom is said to be about 20 years, and if you continue to use it for longer than that, invisible areas will deteriorate and corrode, and it will cost money for subsequent maintenance. The life depends on the frequency of use and usage, so check the points below, and if there are many points that apply, consider seriously reforming. - Over 20 years old - I haven't done any maintenance - There is a crack or rust in the bathroom - It became difficult to change from water to hot water - There is a stain on the wall of the dressing room - The floor of the dressing room sinks There are two major types of bathroom remodeling.When renovating a bathroom, there are two main types of basic work to choose from. Let's take a closer look at each one below. Modular Bath Modular bath is a remodeling method that brings ready-made products made by each manufacturer into the bathroom and installs them. The advantages are that it uses a finished product, so the construction period is short, it is finished for easy maintenance, and it has excellent airtightness and heat insulation. The disadvantage is that the design is limited because it cannot be designed to fit the size of the bathroom. If the bathroom has a special shape, you may not be able to find a modular bath that fits the size, and you have to give up construction. Conventional Construction Method The conventional method is to make custom-made parts such as bathtubs, walls, floors, and faucet fittings, and then remodel them according to each household. From function to design, you get what you want, so you get the ideal bathroom. Even if the bathroom has a special shape, in addition to being able to perform construction, it will be finished in a design that will not cause discomfort when eliminating barriers and making it barrier-free. However, in the case of condominiums, it may not be possible due to space issues and permission from the management association. In addition, since designing, producing parts, and assembling are custom, the disadvantage is that the cost is higher than that of the modular bath. Bathroom renovation costsCheck the market price to see how much it costs to renovate a bathroom. First of all, we have summarized the price quotes for the basic construction work in the table.
If you choose a conventional method instead of a modular bath, you will often need to pay an additional fee of about 500,000 yen. In addition, if you want to select a high-grade product for modular bath, move or expand the bathroom, insulate work, or proceed with termite countermeasures at the same time, an additional fee will be charged. In addition, the actual cost and construction period will vary greatly depending on the size of the bathroom and the building materials used, so please see the above as a reference only. Points for renovating the bathroomThere are two types of remodeling, modular bath and conventional method, but both have many designs and plans with functions. From here, we will explain what kind of points you can pay attention to when choosing, so that you can complete an ideal bathroom. Determine the bathroom by looking at the real thing in the showroom The atmosphere is difficult to convey only with the catalog, and when you actually finish the construction, you may feel that the result is different from what you imagined. Companies that do bathroom remodeling often have showrooms and show real things, so let's visit and check the real thing with your own eyes. In particular, the bathtub can be viewed not only in the immediate vicinity, but you can also touch it, so you can check information that is not slippery, has a high-class feel, etc. If you enter the bathtub, you can also check whether you can stretch your legs, so it is recommended that the whole family visit. When adding options, think about whether it is a really necessary function There are many new features added to the bathroom each year, but the latest features don't necessarily mean you need them. Let's choose whether it is convenient, if there is an opportunity to use it even if it is equipped, or if it is really necessary. SummaryIt is said that bathrooms generally reach the end of their life in about 20 years, and when remodeling, it begins with choosing a modular bath or a conventional construction method. The key to remodeling is to visit the showroom, see the real thing, and carefully consider whether the option is the function you really need before purchasing. Please contact us for an introduction of a construction company or an architect who can speak English.
How much does a kitchen reform cost? We will explain the case that the cost is high and the points when reforming.The kitchen that you stand on a daily basis is a place where the oldness, stains, and damage of the equipment are particularly noticeable, so many people may want to consider remodeling. Therefore, this time, we will introduce the cost of kitchen remodeling and the cases where the cost is high, and explain the points when remodeling. Market price of kitchen renovationThe cost of renovation in the kitchen is often around 1 to 1.3 million yen, and it may seem a little expensive for renovation in a limited area. The price range depends on the style of kitchen, the grade and the content of the options, and choosing a modular kitchen can be expensive. Remodeling into the popular island kitchen may require a budget of more than 1.5 million yen due to the huge scale of construction work. Even if you choose something other than an island kitchen, the cost will generally be higher if you need to repaint the wallpaper or flooring. There are various types in the kitchenWhen remodeling the kitchen, decide what kind of kitchen it should be, taking into consideration the wishes of yourself and your family. There are so many types of kitchens, so let's start with the features of each. Classification by installation method The installation method is mainly divided into open type and wall-mounted type. The features of both are summarized in the table below.
Classification by style The shape of the kitchen can be divided into 6 types: type I, type II, type L, type U, island type, and peninsula type. Again, let's look at the characteristics of each in the table.
What makes a kitchen remodeling expensive?The cost of kitchen renovation depends largely on the environment around the kitchen. From here, we will explain the case where the renovation cost becomes high with a specific example. When moving from place to place The renovation cost will be higher if you move the location of the kitchen itself, such as when changing the kitchen attached to the wall to a open type. This is because additional work such as drainage pipes, exhaust ducts, and electrical wiring is required, so it may not be feasible for condominiums with limited work. When the kitchen area is severely damaged When renovating the kitchen, the parts that were previously hidden are often exposed, and if this part is damaged, repair work is required. Since you will remodel it into a new kitchen, few people use it while the walls are dirty, and repair costs may be incurred in addition to the prior estimate. When remodeling to a small kitchen If you want to remodel the kitchen smaller than you used to, you need to fill the holes and rewall the wallpaper after removing the kitchen. Even in such cases, in addition to the originally required renovation costs, expenses may be expensive and unexpected costs may be incurred. Points for renovating the kitchen to be easy to useThe kitchen is not good because the equipment is expensive, but the ease of use depends on the size and shape of the room and the taste of the user. In order to make a kitchen that you can enjoy using, you should focus on the following two points. Arrange the cooking flow When designing the kitchen, it is important to place it in an easy-to-use place, keeping in mind the flow of the process of taking out food from the refrigerator and cooking it. It's inconvenient if the fridge is too far away from the cooking area, and you don't have to have a large kitchen if you have a few things to put in the kitchen. Make the height of the counter and the width of the aisle suitable for you It is said that the ideal height for the counter is "height ÷ 2 + 5 cm", so let's order the height according to it. If the height of people who mainly use the kitchen is 160 cm, a counter height of about 85 cm is ideal. If the width of the aisle is about 80 to 90 cm when used by one person, there is a margin, but this also varies depending on individual differences such as physique. If there are many occasions when the kitchen is used by multiple people, or if you want to reduce the pressure when opening the storage, expand the aisle width to about 110 cm to make the kitchen easier to use. SummaryThe cost of remodeling the kitchen is generally about 1 to 1.3 million yen, but when changing to an OPEN type kitchen, additional wiring work and repair work are required, and the cost tends to be high. However, the shape and size of an easy-to-use kitchen vary depending on the purpose of the kitchen, the physique of the people who mainly use it, and the number of people. After organizing your own home ideals, ask an experienced remodeling company to make your kitchen easy to use.
Go To Travel Campaign Starts July 22! What is It?The “Go To Campaign Business” is planned to stimulate demand in the tourism industry, restaurant business, and other areas that have been hit hard by the impact of the new coronavirus infection. One of them, the "Go To Travel Campaign", will finally start on Wednesday, July 22. Let's take a look at the details of the campaign, the discount amount, and how much you can save. What is the Go To Campaign Business?The "Go To Campaign Business" is an initiative that is carried out in order to support the tourism industry, the food and beverage industry, the event/entertainment business, etc. Similar to the "Reconstruction Discount," which was carried out to revitalize areas where the number of tourists has decreased due to disasters, etc., this time around Japan, it will be implemented with an unprecedented budget scale. What is the Go To Travel Campaign?The "Go To Travel Campaign" means that if you make a travel reservation within the campaign period through a travel agency or travel reservation site, you will be provided with an amount equivalent to one half of the price. A maximum of 20,000 yen per person per night is planned, and a maximum of 10,000 yen per day for one‐day trip is planned. 70% of the amount of support will be given as a discount on the travel price, and the remaining 30% will be given as a "regional common coupon" that can be used when eating and drinking at tourist destinations, tourist facilities, and purchasing souvenirs produced locally. The campaign is targeted at travel products that include accommodation and transportation such as package tours (including day trips) that are booked through travel agencies or travel reservation sites. If you make an individual arrangement for transportation/accommodation individually, the accommodation fee will be eligible for the promotion, but transportation will not be discounted. In addition, there is no limit to the number of times you can use the Go To Travel Campaign, and there is no limit to the number of consecutive nights at the destination (however, it is limited to stays within the campaign period). By the way, what is worrisome is the content of the "regional common coupon" that is given. It is planned to be given as a paper coupon, such as a gift certificate, and an electronic coupon that is presented on the screen of a smartphone, etc., and can be used at regional common coupon member stores. Issuance is in units of 1,000 yen, and less than 1,000 yen is rounded off. It can be used only during the travel period in the destination prefecture, adjacent prefectures, etc. Please note that no change will be given and no extra money will be refunded. We are looking forward to seeing what kind of shops and facilities will participate in order to encourage souvenir shops, restaurants, tourist facilities, activities, and transportation to participate in and register for member stores. Go To Travel Campaign Starts July 22The Go To Travel Campaign will start from Wednesday, July 22, limited to travel and accommodation price discounts. Distribution of regional coupons will begin after September. Until the coupon distribution starts, you can receive only 70% of the amount equivalent to half of the travel price, that is, 35% of the travel price. Travel reservations departing on or after July 22 are eligible, and travel reservations already booked are also eligible for discounts. After traveling, you can receive a discount refund by applying. (Application methods are being adjusted). Also, for new travel reservations, after July 27 (Monday), travel agents will start selling at a discounted price from travel operators who are ready. How Much Travel Will You Save With the Go To Travel Campaign?We will introduce it as a concrete example based on the information known at the moment. For example, if you book a package tour for 40,000 yen for 2 days and 1 night via a travel agency, you will receive 20,000 yen, which is half the price. Of the 20,000 yen, 14,000 yen, which is appropriate for 70%, will be discounted from the travel price, and the remaining 6,000 yen will be given as a regional common coupon. *Until the distribution of regional common coupons begins, only 14,000 yen will be discounted. If you book a tour of 50,000 yen for 2 days and 1 night, half of the travel price is 25,000 yen, but the support amount is 20,000 yen, which is the upper limit of one night. However, in the case of a tour of 50,000 yen for 2 nights and 3 days, it will be 25,000 yen per night, so half the price of 12,500 yen × 2 nights, 25,000 yen will be supported. * Until the distribution of regional common coupons starts, only 17,500 yen will be discounted. The maximum amount of support for day trips is 10,000 yen. If you participate in a day trip bus tour of 8,000 yen, the amount of support will be 4,000 yen, which is half the price, 70% of that, 2,800 yen will be discounted from the tour price, and the remaining 1,200 yen*¹ will be given with a regional common coupon. *¹ Local common coupons will be issued in units of 1,000 yen, and those less than 1,000 yen will be rounded off. * Until the distribution of regional common coupons begins, only the 2,800 yen discount will be offered. **Information as of July 13, 2020. The information is subject to change, so be sure to check the latest information on the official website of each travel agency in addition to the information announced by the Ministry of Economy, Trade and Industry, the Ministry of Land, Infrastructure, Transport and Tourism, and each local government. GO TO Campaign from the Perspective of the Private Lodging (Minpaku) Management SidePrivate lodging facilities are eligible for use in this campaign. At one point, it was said that only accommodation and tours through travel agencies were covered, but later, in the information that came out, it was targeted for accommodation reservations “via travel agencies, via OTA”. What is OTA? OTA stands for "Online Travel Agent". Travel agency that deals only online (on the internet) * Booking.com, Airbnb, Rakuten Travel, Jalan, etc. The lodging facilities are also posted on these OTAs for sale, so they are also eligible. In addition, the content said, "Direct reservations at ryokan hotels also apply." This can be interpreted as including reservations from the company's website, so application via Airbnb or via the company's website is also applicable. However, the travel products subject to refund application are limited to those sold by registered business operators of this business, and only those that will be the rise of discount support for this business. If you want to accept, you will need to apply in advance. When accepting an application via OTA, please confirm the content of each site and perform the procedure to be eligible for the campaign. Go To Travel Business Frequently Asked Questions (FAQ) |
Go To Travel Business Overview | -Supports half the amount of accommodation and day trips for domestic travel. -Of the amount of support, (1) 70% will be given as a discount for travel charges, and (2) 30% will be given as a regional common coupon that can be used at travel destinations. -Up to 20,000 yen per person per night. 10,000 yen as upper limit for day trips. -There is no limit on the number of consecutive nights or the number of times of use. |
Will the travel price be half the price? | -No -The amount of travel equivalent to 1/2 will be supported. Of the amount of support, (1) 70% will be given as a discount for travel expenses and (2) 30% will be given as a regional common coupon that can be used at travel destinations. |
What do travelers need to do to receive discount assistance? After applying for a trip, can I apply for a subsidy from the country or the secretariat? | -In order to receive the discount support for travel and accommodation charges based on this project, it is basically necessary to apply for and purchase campaign-applied products provided by companies that have registered as participating companies in this project. -The amount of discount support from this project was deducted when purchasing the product. The amount will be paid by the traveler to the travel agency. *In some cases, such as when you have already booked before the start of this project, you may need to make a refund after your trip. |
Is the "travel price," which is the basis for calculating the amount of support, a tax-included price or a tax-excluded price? | -Tax included price. |
For the convenience of the system at the travel agency/OTA, is it acceptable to set the discount amount at a certain stair width instead of just 35%? | -Permissible. -However, as a matter of course, settings exceeding 35% are not allowed. |
Is overseas travel covered, such as airline tickets from overseas to Japan and airline tickets from Japan? | -This project is not supported because it aims to stimulate domestic travel demand. |
When will this project start? | -Proactively start discounts for travel prices starting from July 22 (35% discount (1/2 of the price x 70%)). -The pre-sale of travel products at regular discount prices will start from July 27th (the start time will vary depending on the business operator). -Regional coupons that require a certain preparation period will be introduced from travel starting in September or later. |
When will the regional coupon be issued? | -We plan to start from September onwards, but we will inform you of the specific deadline once it is decided. |
How long will the trip be eligible for benefits after the refund procedure? | -For accommodation up to 31st August, a refund procedure will be available after the fact. The handling after September is undecided. |
What is the procedure for applying for a refund for a discount after traveling? | -Details are being adjusted and will be announced soon. -The discount will be refunded via the person who received the payment (excluding accommodation). When making a reservation on the reservation site, payment will be made from the reservation site if the payment is made at the reservation site, or by the traveler to the secretariat if payment is made locally. -The flow of the procedure when the traveler himself/herself applies to the secretariat is as follows. (1) Submit the following documents by mail or online from the traveler to the secretariat in order to prove that you have actually traveled. <In case of accommodation> Application form (obtained at the secretariat website/accommodation facility, etc.), receipt, accommodation certificate (obtained from accommodation facility), personal information consent form (obtained at the secretariat website/accommodation facility, etc.) (2) After confirming the documents at the secretariat, refund to the traveler (account transfer, credit card transfer, etc.) |
I would like to become a business operator of discount travel and accommodation products through this project, but when does the registration of participating businesses with the country (the secretariat) begin? Also, what kind of content will agents specifically apply for? | -Registration of participating travel agencies/accommodation operators are scheduled to start in the middle of July. Details will be announced on the Japan Tourism Agency website. -For example, it is assumed that the secretariat will apply for information such as the name of the business operator, location, contact information, payment account for benefits, etc. However, in any case, it will be announced again soon. |
Is it possible to sell the product at a discount before registering the participating companies? For existing reservations, I have not registered at the time of reservation, but can I apply for a refund? | -No -You can apply for a refund even if you are not registered at the time of booking. However, if registration of the business is not permitted due to reasons such as not meeting the requirements, it is not eligible for discounts or refunds. |
Is a list of businesses that handle products subject to discounts for travel and accommodation prices announced on the website? | -It is assumed that the information will be introduced through the official website of this project. |
Is it possible to use it in combination with travel price discounts, etc. implemented by each local government? | -Currently, the campaigns (tourism demand stimulating measures) that are being independently developed by each local government are basically positioned as support measures until the Go To Travel project is started. recognition. -However, even if the project implementation period overlaps, this does not prevent this from happening as a national government (whether or not to use the combination is decided by each local government). |
If the accommodation facility sells accommodation products directly to travelers without going through a travel agency (so-called direct inn sales), is it eligible for discounted accommodation fees? What about applying through HP? What about applying by phone? | -Support is provided under the condition that a system for proper execution management is ensured, such as a system for reliably storing and storing accommodation records outside through the accommodation facility reservation system. |
Is private lodging subject to discount support for travel and accommodation fees? | -Housing that has been notified by the Housing and Accommodation Business Act or special ward accommodation that has been certified by the National Strategic Special Zones Act will be eligible for support provided that a system for proper execution management is secured. |
Are guest houses, dormitories, youth hostels, capsule hotels, weekly condominiums, etc. eligible for discounts on travel and accommodation prices? | -Facilities that have been licensed by the Hotel and Ryokan Management Law are eligible for support provided that a system for proper execution management is secured. |
Are tent areas, cottages, bungalows, glamping, etc. at campsites eligible for discounted travel and accommodation fees? | -Facilities that have been licensed by the Hotel and Ryokan Management Law are eligible for support, provided that a system for proper execution management is secured. -In other words, cottages, bungalows, permanent tents, etc. that require the permission of the Budget Hotel Business of Hotel and Ryokan Management Law will be subject to the same support as hotels and inns. -On the other hand, sites (sections) for tents that do not require the permission of Hotel and Ryokan Management Law are not covered. |
What kind of infectious disease countermeasures are required for travel agents, hotel operators, OTAs, and local coupon members participating in this project? | -Specific requirements for participation in this project will be promptly decided and announced after coordination with the selected secretariat. -We believe that participating businesses should take measures against infectious diseases in order to ensure the safety and security of travel. It is assumed that you will comply with the guidelines for measures, etc. |
When and where will the information session regarding this project be held? | -In the near future, we will inform you again on the Japan Tourism Agency website. |
What is the price of fire insurance for a single house? How to reduce insurance premiums and when to get insurance
What is home fire insurance?
Fire insurance doesn't just cover fire
Although "fire insurance" may have the image that it covers only the damage caused by a fire, its name covers not only the fire but also various disasters. Typical examples other than fire include lightning strikes, explosions, wind disasters, hail disasters, snow disasters, water disasters, water wetting, external collisions/falls/incomings, violence due to collective action, and theft. There are many products that can be selected as needed. Another point is that in addition to “buildings”, “household goods” can be covered. In many cases, you can select 3 patterns: building only, household goods only, and building + household goods.
Let's know the misfire liability law
What you need to know when you take fire insurance is the "Misfire Mistake Law". To put it simply, "there is no need to take responsibility for damages if the misfire causes serious damage to the house of another person, unless the misfire is grossly negligent." In other words, even if your house burns due to the fire of your neighbor, you cannot claim damages to your neighbor. If you understand this point, you will understand the importance of fire insurance.
If you want to prepare for an earthquake
Fire insurance covers a wide range of insurance, but damage caused by an earthquake is not covered. The reason is that the damage caused by an earthquake is likely to be large and cannot be covered by insurance companies alone. If you want to prepare for an earthquake, you need to join earthquake insurance, which is run jointly by the public and private sectors. For many fire insurance, earthquake insurance can be added as an option, so it is a good idea to consider when purchasing fire insurance.
What is the market price for fire insurance premiums?
When you take out fire insurance, you may be concerned about insurance premiums. In conclusion, there is no clear quote for fire insurance premiums. This is because there is a considerable difference depending on the building structure, location, compensation details, etc., ranging from 20,000 yen to 200,000 yen or more (for a 5-year lump sum contract).
Why is there such a difference? Let's explain how the insurance fee is determined.
How are insurance premiums decided?
Building structure
Reinforced houses and wooden houses differ in how they spread during a fire. Therefore, the structure of the building has a large impact on fire insurance premiums. In the case of a detached house, it is classified into T structure (fireproof structure) such as concrete structure and steel frame and H structure (non-fireproof structure) such as wooden structure and earthenware structure, and the T structure has a lower insurance premium. However, even if it is a wooden structure, fire-resistant buildings and semi-fire-resistant buildings are T structures.
Exclusive area of building
The larger the exclusive area, the higher the insurance premium.
Location
Disaster risk varies from region to region. Insurance premiums are set higher in areas with many natural disasters. For example, in Kyushu and Okinawa areas where there are many typhoons, insurance premiums tend to be higher than in other areas. In addition, the level of firefighting facilities is also taken into consideration in the insurance premium. There is an image that fire insurance costs may be high in the Tokyo metropolitan area where houses are densely populated and disaster damage is likely to be large, but since fire extinguishing facilities are substantial, it is surprisingly low.
Compensation content
What kind of disaster to prepare for is an important point in determining insurance premiums. Naturally, the insurance fee will increase if the compensation content is increased. Also, it depends on whether you are only compensating for buildings or including household items.
Special contract
Many fire insurances have special contracts. The main special contracts are "personal liability compensation special contract", which allows you to receive compensation when you are liable for damages due to an accident in your daily life, and a "spreading fire damage compensation special contract" for compensation when a fire causes damage to neighboring houses. If you attach these, the insurance premium will increase accordingly.
Period of insurance
The contract period for fire insurance is from 1 year to a maximum of 5 years, and the longer the contract period, the cheaper the insurance premium.
Insurance amount (compensation limit)
The higher the insurance amount (compensation limit), the higher the insurance premium. In case of fire insurance, the appraisal value (repurchase price) of the building is a guide, and the insurance amount is set based on this. The replacement price is the amount that will be charged if you try to acquire an equivalent property if the building is completely damaged. If it is a detached house, the building cost will be the evaluation value. The point is that the evaluation amount and the insurance amount should be equal (at least 80% or more). Because if you set the insurance amount below the assessed value of the building, you will run out of funds when you restore or rebuild. Also, even if you set the insurance amount above the evaluation amount, you cannot receive the insurance amount above the evaluation amount.
How to keep fire insurance costs low in a single home
Narrow down compensation
The best way to save fire insurance is to reduce the amount of compensation. But it's not just about reducing it. The point is to determine the necessary compensation. For example, if there are no rivers or mountains nearby and you are not likely to be damaged by typhoons such as flooding or landslides, you may be able to remove the "water disaster" compensation. On the other hand, if the building faces a road with heavy traffic of cars and bicycles, we would like to consider compensating for “external collision”. It is the same with the special contract to determine. In particular, the personal liability compensation covenant is a covenant that can be set for car insurance and credit cards, so make sure that you have not double-enrolled. Also, earthquake insurance varies by tens of thousands of yen depending on the prefecture, and insurance premiums are not cheap, so if you are conscious of saving money, you may be wondering whether you should take or not. However, as long as you live in Japan, you cannot avoid the risk of earthquakes, so you should subscribe as much as possible. Earthquake insurance has a discount system such as seismic isolated building discount and earthquake resistance class discount, and it is also subject to tax deduction because it is highly public insurance. It is possible to reduce insurance premiums by utilizing these systems.
Prolong the insurance period
Fire insurance offers discounts on contracts for more than two years. Therefore, if you are interested in saving money, the longest insurance period of 5 years is the best deal. Depending on the insurance company, you can expect a discount of up to 20%. However, long-term contracts are basically paid in one lump sum. Let's decide while consulting with the budget.
When should you get fire insurance?
Summary
The insurance fee depends on the building structure, occupied area, location, compensation, special contract, insurance period, insurance amount, etc.
It is safe to start preparing for the purchase one and a half to two months before the date of delivery.
Learn 3 ways to renovate your roof to make it last longer
The roof needs regular renovation work
Let's renovate according to the condition of the roof
Renovation of the roof requires repainting of cement roof tiles among slate roofs, metal roofs, and roof tiles, and it is not necessary to repaint the Japanese roof tiles. Since the coating film on the surface of the roofing material deteriorates due to deterioration over time, will repaint it to improve waterproofness and prevent corrosion by coating and to prevent rust on metal roofs.
The timing of repainting is 7 to 10 years after new construction.
The life of the coating film after repainting varies depending on the paint used, and the price is proportional to the number of years of durability. Life span is 8 to 10 years for urethane paint, 10 to 15 years for silicone paint, and 15 to 20 years for fluorine paint. Nowadays, silicone paint is often used because of the balance of price and durability.
Painting is a reforming method used to extend the period until rethatching and maintain the functionality of the roofing material. The advantage is lower cost than rethatching and overlap roofing, but only when there is almost no damage to the roofing material or base material.
Overlap Roofing is a remodeling method in which a new roof material is covered from above without removing the existing roof material, and is also called a cover construction method. This method is suitable for cases where there is little damage to the base material and only the roof material is damaged.
The advantage is that the construction period and construction costs can be reduced without the cost and period of removing existing roofing materials. The double roofing material has a heat insulating effect and a heat insulating effect. However, since the roof becomes heavy, the earthquake resistance is disadvantageous, so it may be difficult depending on the building and consideration may be required such as using light roof material for overlap roofing. Another disadvantage of overlap roofing is that you may not notice the damage to the groundwork.
Since it is difficult to construct a new roofing material after overlapping roofing, it is necessary to peel off the double roofing material when roofing work is required again. Choose between overlapping roofing and rethatching, taking into account the roofing material and the life of the house itself.
Rethatching is a reforming method that removes existing roofing materials and base materials, and newly constructs base materials, tarpaulins, and roofing materials. If the roof and base materials are damaged, rethatching work is required. It can be a different type of roofing material than the existing one, but there are differences in the required slope depending on the roofing material, and if the slope of the roof is gentle, you may only be able to choose a metal roof.
Rethatching is disadvantageous in that it takes construction time and construction costs, and there are concerns about neighborhood troubles such as dust fluttering due to removal of roofing material, but it is similar to a newly built condition and the life of the house is extended.
It is difficult to visually check the condition of the roof by yourself, so let's take a regular inspection to determine when renovation is necessary. After 10 years of construction, it is desirable to have a regular inspection every 5 years. If the white powder, which is known as the chalking phenomenon, sticks to your hands, you can repair by the coating.. However, if the moss and mold have grown, the roofing material itself may contain water and have deteriorated. At the right time, you can maintain the function of the roof and the house by performing renovation for roof maintenance.
When renovating the roof, we recommend that you also consider installing solar power generation. Photovoltaic power generation is a clean power generation method that does not pollute the air, and if you have a sunny roof, you can expect to reduce the cost of electricity.
Installing solar panels on the roof does not necessarily require a scaffold, depending on the slope of the roof. However, since it is a work at a high place, installing a scaffold and covering it with a mesh sheet not only ensures the safety of workers, but also prevents damages such as panels falling onto neighboring houses. Also, installing scaffolding will increase construction costs. If you are planning to install solar power generation, scaffolding will be installed even when renovating the roof, so by requesting construction together, scaffolding charges do not double.
For solar power generation, it is common to install solar panels on the roof material, but there is also a method of integrating the solar panels and roof material at the time of roof renovation. Some products are not only for rethatching but also for overlap roofing, so please consider it at same time.
What is the commonly used "tsubo"? About the relationship between tsubo and square meters and the calculation method
What is the Shaku‐kan method?
In real estate, “坪(tsubo)” is often used for the area of land and buildings, and the building area is also called “建坪(tate tsubo)”. In addition, the units of length, "間(ken)" and "尺(shaku)", are often used. Looking at old real estate registry, "反(tan)" and "畝(se)" often appear. Other than real estate, there are many opportunities to hear the units such as "升(shou)" and "合(gou)" of sake, and "寸(sun)" such as nail length.
Relationship between tsubo and square meter
As a general rule, the real estate sales contract does not show the tsubo, but when the tsubo is used in advertisements and pamphlets, it will be shown in brackets after the area in square meters. However, in the contract of the actual sale and purchase of land (a contract method in which the purchase price is settled according to the actual measurement result of the site), the unit price may be displayed as "Tsubo unit price". In this case, if you do not clarify whether the conversion of the tsubo is 3.3 square meters or 3.30578 square meters, it may cause unexpected trouble to be careful.
The relationship between 坪(tsubo), 間(ken), and 尺(shaku), and the size of the Tatami mat
The size of 1 坪(tsubo) is said to be 2 tatami mats, but the size of tatami mats varies from region to region, and 2 tatami mats are exactly 1坪(tsubo) of 中京間(Chukyo-ma/Nagoya-size tatami mat). This is also called 三六間 (Saburokuma), and each piece is 3 尺(shaku) × 6 尺(shaku). The 2 tatami mats of 京間 (Kyoma/Kyoto-size tatami mat) (Honma/official size of a tatami mat for measuring room size) are larger than 1 坪(tsubo), while the 2 tatami mats of 江戸間(Edo-ma/Kanto-size tatami mat) (Kanto-ma) are smaller than 1 tsubo. The size of the so-called housing complex is smaller than the 江戸間(Edo-ma), and even if two of them are lined up, it is only about 0.87 tsubo.
Author
Arrows International Realty Corp.
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