1. Spec changes — the headline killer

"Since we're at it, let's upgrade the floor." "Let's bump the kitchen one level." Owner-driven changes routinely add 10–20%. Mitigation: finish showroom visits during schematic design, then freeze specifications.

2. Ground improvement

The site investigation dictates this — JPY 1–4M is typical when needed. Mitigation: never sign land without a ground survey, and budget for improvement up front.

3. Material inflation

Post-COVID, materials are climbing 5–10% a year. Across an 18-month project, inflation alone can add 5–8%. Mitigation: contract clauses for material-price escalation.

4. Forgotten residual scope

Easy to forget when fixating on the shell:

5. Underestimated soft costs

Title registration, acquisition tax, recurring property tax, insurance. Total JPY 1.5–3M. These rarely sit inside the contractor quote.

"Hold a 10% contingency" is the rule. Plan to spend it; if you don't, that's the upside.