Key facts
- Eight friends purchased a vacant home in Hiroshima, Japan.
- The house cost 1.8 million yen ($11,371), with total fees bringing the cost to 2.3 million yen.
- The property is 315 square meters with nearly 500 square meters of land.
- The group's total budget for purchase and renovation is under $20,000.
- Renovation costs to date are around $1,262.
Eight friends, including recent college graduate Hilary Tang, purchased a vacant home in Hiroshima, Japan, for approximately $11,371. The group, which pooled funds to stay under a $20,000 budget for the purchase and renovation, plans to use the property as a shared escape. The house, measuring 315 square meters with nearly 500 square meters of land, was bought in late July and received keys on August 6. Renovation costs to date are around $1,262, with the group having spent a total of 2.3 million yen including fees.