You need to be careful about defects in the parts of the building that need to be maintained.
Each auctioned property is different in many ways, but it is important to worry about whether lifeline-related facilities such as electrical equipment and basic facilities such as elevators and water pump equipment are in good working order. It is not uncommon for rooftop waterproofing and exterior wall painting to have reached the end of their lifespan long ago. In the case of real estate auctioned by the courts, there are so many owners who have financial problems that even if the appearance of the building is good, regular maintenance to the facilities necessary to maintain the property is often not done as usual.
Rarely, in the case of large vacation home properties, high-voltage power receiving equipment (cubicles) may be installed in the same way as in office buildings, etc.In such cases, not only will the repair cost be quite high, but the monthly electricity bill may also be quite high (e.g. over 100,000 yen per month).
There are many things that are not clear from the public documents provided by the courts, so we recommend that you bid at a price that avoids such risks, assuming that the repair costs of the equipment tend to be high.