The USA is still one of the most attractive destinations for people searching for a better life. When considering your options, you want to find one of the fastest growing states. Colorado is certainly one of them, given that the capital of it, Denver, finds itself among the top 5 fastest growing cities for years. Now, when moving from Japan to the USA, you must be thinking about the housing. Especially if moving with your family. Therefore, buying a Colorado home as a Japanese expat must have crossed your mind. If yes, you’re at the right place! We’re here to discuss several crucial things you should think about before entering the Colorado realty market. Make yourself a cup of coffee or tea and enjoy the article to come! We are writing it for the expats from Japan who want to buy a property in Colorado!
Investing in Colorado real estate as a newcomer
The newcomers to the US from Japan are increasing in recent years. There are forecasts that the expats from Asia will overcome those from Latin America in the years to come. This means that you, as a person moving to Colorado from Japan who considers buying a home, are not alone. There are so many people like you, looking to find their fortune seeking for the American dream! Before you make your hire one of the international moving companies in Japan and start preparing for the relocation, we suggest you consider your options.
You should be aware that, depending on the visa you get, you might have or have no the appropriate permit to purchase a property in the States. Before you even think about buying a home, talk to your embassy about it. Check what are the requirements. Besides this, take into consideration what buying a home in the USA means. In terms of the costs, the obligations etc. Spend some time thinking about all the options, and make sure you get the appropriate information. In case you can’t find something you search for, you can always get in touch with us, and we offer to help you with whatever issue you might have regarding the realty of Colorado.
Should you or should you not invest in Colorado real estate as an expat from Japan?
Given that this is your personal decision, the answer is- it depends. It depends on many factors. For example, you might be interested in buying your second home, for spending a few months in the USA every year. Or you could look to invest in a rental property, and earn your income from renting it. Also, you could have decided to completely relocate to the States to live there, so you could be seeking to buy your first home here. Whatever the reason, buying a Colorado home as a Japanese expat takes a serious debate with your family and friends, and with the officials.
Here are several things to think about before making your final decision about buying a home in the Rocky Mountain State as a newcomer from the Land of the Rising Sun:
- What is your budget for investing in Colorado home? If you have not enough money, can you borough enough to make such a purchase?
- Are you familiar with the realty market of Colorado? Would you need some professional help of an agent?
- What are the experiences of others? Check how satisfied your compatriot was after buying a Colorado home as a Japanese expat?
The matter of budget
Do the math. Calculate what you have. Compare it to what you would like to purchase. Is there a match, or should you seek for other sources of money? If yes, it’s important for you to know that you can borrow money to buy a home in the USA even as a foreigner. Learn how much can you borrow, and what are the terms. You will be paying for that money, so check if that is something you can afford, and that you will be able to afford in the future. Don’t borrow more than you’ll be able to pay back. Or that would make it difficult for you to live a normal life.
Besides the very purchase of your home, there are other things you need to consider, such as an insurance or the bills. You won’t be paying only for the money you borrowed. You will also need to pay the monthly bills, which can be very costly, depending on the size and the location of your property, as well as on the volume of the utilities. Do the serious calculation and see whether or not buying a Colorado home as a Japanese expat is a good solution for you.
Can you find your ideal Colorado home to buy as an expat from Japan?
Or would you need the help of realtors? Our suggestion is to start looking at the home listings way before you move. See what you can find, and what do you like. Shop for different housing solutions in different parts of the city you plan on moving to, being that the prices vary very much depending on the location. If those prices seem too high to you, or you don’t like what you see, there is always an option to hire a professional Colorado realtor. Contact some of the best and ask them to send you the listings based on the criteria you set. Only, have in mind that you’ll need to pay a commission if they find you a home you’re looking for. Perhaps this isn’t such a bad option, because they might find you just the perfect home, and at a very affordable price.
Buying a Colorado home as a Japanese expat- what are the experiences of others who did it?
There is a chance that you know someone who moved to Colorado from Japan and bought a house there. If not, read some forums and find out what the others say, how satisfied they were after purchasing a realty in the Centennial State. If you can’t find anything interesting, don’t worry. We have another suggestion. All of them probably used the services of some international moving company from Japan. And the Japan movers they hired probably know how satisfied their customers were with buying a home in Colorado as an expat from Japan. All you need to do is to find a reputable and reliable international moving company in Japan.
Our followers who moved to Colorado from Japan say that Kokusai Express Japan is the best moving company for international relocation. So you can contact them! However, if you have any questions about buying a Colorado home as a Japanese expat, we are here to help.