Have you ever been interested in a shared house and wondered “I want to move into a shared house, but how much is the initial cost?”
The average initial cost of a shared house is 100,000 yen. If you live in a rental apartment, the initial cost itself would be 400,000 to 600,000 yen, so apparently the initial cost of a shared house is inexpensive.
Not only the initial cost but also the rent is low, you can save living expenses. For those who want to save money for your hobbies and dreams, living in a shared house is a great option!
In this article, we take a look at the following points;
What are the initial costs?
How much are the initial costs of a shared house and a rental apartment?
Why is the initial cost of a shared house so low?
The initial cost of living in a Hidamari shared house
The total cost of living in a Hidamari shared house for one year
Non-monetary advantages and charms of living in a shared house
With this article as a guide, let’s get ready for moving into a shared house!
What are the initial costs?
The “initial cost” is the cost required when moving into a new rental property, and mainly includes:
-Security deposit
-Key money
-Fire insurance
-Agent charge
-One to three months rent
-One to three months common service fee
Depending on the place you’re moving in, the following may also be included.
-Deposit
-Key replacement fee
-Cleaning fee when you move out
Both rental apartments and shared houses require you to pay some initial costs, but the cost for shared houses are often cheaper.
Let’s take a look at the initial costs for both shared houses and rental apartments.
The average initial cost of a shared house
The average initial cost of a shared house is 100,000 yen.
The breakdown is as follows (*The prices are only as a guide).
-First month’s rent: 50,000 to 70,000 yen
-Utilities cost (common service fee): 10,000 yen
-Agent charge: 10,000 to 20,000 yen
-Deposit: 10,000 to 30,000 yen
There is no “security deposit” or “key money” in a shared house. Instead, there is a deposit, and if there is a scratch on the wall or you break something, the deposit will be used to pay for repairs.
However, if there is no need for repair, many shared houses return the deposit when you move out.
Also, the following are included in the common service fee of a shared house.
-Utility bills
-Internet fee
-Daily necessities
-Daily cleaning fee
Looking at the daily expenses, living in a shared house can lower the cost of living.
The average initial cost of a rental apartment
The initial cost of living alone in a rental apartment in Tokyo is approximately 400,000 to 600,000 yen.
The initial cost of a rental apartment includes the following:
-Security deposit: 80,000 to 150,000 yen (equivalent to 1 to 2 months rent)
-Key money: 80,000 to 150,000 yen (equivalent to 1 to 2 months rent)
-Agent charge: 30,000 yen to 70,000 yen
-Advance payment of 1 to 3 months rent: 70,000 to 210,000 yen
-Purchase of furniture and appliances: 80,000 – 200,000 yen
The initial cost of renting an apartment is particularly high for the “security deposit and key money”. The security deposit and key money is equivalent to one to three months rent, so the higher the rent, the higher the initial cost will be. Sometimes the initial cost could be over 1,000,000 yen for some apartments.
Also, in the case of a rental apartment, you will have to provide all the furniture and appliances yourself. If you think about it, even a studio will require about 500,000 yen in initial expenses.
Considering these costs, moving into a rental apartment does not seem to be something that can be done easily.
Next, we’ll introduce the reasons why the initial cost of a shared house and a rental apartment are so different.
Three Reasons Why the Initial Cost of a Share House and Apartment is Different
The three reasons why the initial cost of living in a shared house is lower than that of an apartment are: “because there is no need for security deposit or key money,” “because you only need minimal furniture and appliances,” and “because the rent is cheaper”.
(1) No security deposit or key money is required.
A security deposit and key money are money paid to the owner as a security deposit in case something happens to you. The key money will not be returned to you. The security deposit is to cover the cost of any overdue rent or repairs that may be needed.
In a shared house, the deposit is equivalent to the security deposit or key money of a rental apartment, but normally it will not exceed 100,000 yen. In addition, the maximum deposit is as low as 30,000 yen. The deposit and key money account for a large portion of the initial cost, so a low deposit can make a big difference.
(2) You only need minimal furniture and appliances.
Many shared houses provide furniture and appliances, so occupants don’t need to purchase everything. Although the appliances are shared, they are clean and can be used without any problems. Living alone from your parents’ house can cost you over 100,000 yen for furniture and appliances alone, so we think this is a great way to save money.
(3) The rent is cheap.
Compared to renting an apartment, the rent for a shared house is set low to begin with. As a result, the initial rent for the first few months is also reasonable, making the initial cost itself cheaper.
The average rent for a shared house is 55,000 yen. F
What will the initial cost of Shared House Hidamari be?
When moving into our shared house Hidamari, the initial cost is approximately 80,000 yen.
The breakdown is as follows.
-First month’s rent: about 50,000 yen
-Utility fee: about 12,000 yen
-Administration fee : 15,000 yen
-Insurance fee (depending on the property): please inquire.
In order to make it as easy as possible for you to move in, we try to reduce the initial cost. Depending on the property, you may need to pay for insurance as well, but in most cases the total cost will be around 80,000 yen. We think the initial cost is cheaper than other shared houses in general.
Next, let’s check out how much you’ll have to pay if you live in a Hidamari shared house.
What if I lived in a Hidamari share house? Let’s imagine the initial cost and the approximate rent.
If you live in room 201 at Hidamari “Kamakura High School Mae”, the actual amount you will pay is as follows.
【Fixed costs for one month】
-Rent: 49,000 yen
-Utilities and internet: 12,000 yen
Total: 61,000 yen
【Initial expenses】
-First month’s rent: 49,000 yen
-Administration fee: 15,000 yen
Total: 64,000 yen
【Other expenses】
Room cleaning fee (when moving out): 30,000 yen
There is no need to pay a security deposit, key money, agent charge, other deposit, furniture or appliances. Also, fire insurance is optional, so you can find low-cost insurance on your own and have it taken out.
The total cost of moving in and out is 94,000 yen in total, which is very cheap.
If you live there for one year, the cost will be as follows.
【If you live in room 201 at Kamakura High School Mae for one year】
-Initial cost: 64,000 yen
-Rent: 588,000 yen
-Utilities and internet: 144,000yen
-Room cleaning fee: 30,000 yen
Total: 826,000 yen
The initial cost of renting an apartment is 500,000 to 600,000 yen; on the other hand, living in a shared house for a year costs 826,000 yen. You can use the free money to save up for hobbies, entertainment, or your dreams.
We’ve focused on the low initial cost of living in a shared house, but the appeal of a shared house is not limited to the financial aspect.
In the following section, we’d like to introduce you to some of the attractions of shared houses other than money.
It’s not just about the money! What is the appeal of living in a shared house?
The three main attractions of a shared house are as follows.
-The burden of housework such as cleaning and garbage disposal is reduced.
-You can make friends even in a new life in an unfamiliar place.
-You’ll be less likely to feel lonely since you’ll rarely be alone at home.
Since there are about 5 to 8 people living in a shared house, the residents often become friends with each other. Even when living in an unfamiliar place such as Tokyo, you won’t feel lonely.
You can go out and travel with the residents and make many memories with them.
Summary: Shared houses have lower initial costs, so you can save money.
In this article, we have explained the initial cost of a shared house.
To recap, the average initial cost of a shared house is 100,000 yen. Renting an apartment can cost 400,000 to 600,000 yen in initial costs alone, so we think you can save a lot of money.
We also told you about the following three attractions of a shared house other than money.
-The burden of housework such as cleaning and garbage disposal is reduced.
-You can make friends in an unfamiliar place.
-You won’t feel lonely because you won’t be alone at home.
The cost of living is inexpensive and you can make friends, so your days will be full of fun and shared living.
Also, the initial cost of a shared house varies depending on the property, so it’s a good idea to compare different properties. When looking for a place to live, using a portal site can be very efficient.
