Finding An Apartment When In Seoul
Many foreigners come to South Korea to appreciate its amazing lifestyle. This includes spending their holidays in one of its many world class hotels, such as the prestigious Samsung World. However, tourists usually choose to rent an apartment by the day. By doing this, they can experience a more authentic lifestyle while still making a nice quantity of savings. Notice: This post is primarily focused on furnished apartments in Seoul, but would be applicable to privately owned apartments elsewhere in Korea.
The cost of apartment rentals in Seoul depends mostly on the place. The bigger the city, the pricier the apartments and the more expensive the costs will be. To get a better idea on the costs of different buildings, check out this table:
Studio apartments: As the name would imply, studio apartments are one-room dwellings that normally come with a couple of bedrooms. Because of their small size, studio apartments are often located far from tourist destinations or other areas where tourists might want to go to. In contrast to villas, studio apartments might be cheaper as they are usually rented by the day. They are best for students who are short on money but still need a place to live. Apart from being an ideal place to call home, a studio flat in Seoul is also famous for its high safety profile and low crime rate.
Villas: A relatively new kind of apartment buildings, villas provide more space than studio flats and are generally considered more luxurious. If you want to rent a villa in Seoul, then make certain that you find one which offers good amenities like a swimming pool, game room and so forth. Some villas even offer security and other convenience packages. Due to the growing demand for these kinds of villas, prices are now rather expensive as well.
Deposit: A significant element when renting an apartment or staying in a villa in Korea is the price of rent. Before you sign any agreement with a leasing company, you should inquire about the required deposit. The deposit may vary depending on the rental company and from time to time, even between apartment complexes. You must always read the contract thoroughly before signing it since some companies may impose stricter rules about how much money you need to deposit.
Accommodations: When living in a different country for quite a long time, it might become difficult to adapt to the culture. This may lead to problems with your apartment complex. Before you choose to rent a place, be sure that you have sufficient funds to support yourself for a month or two while you study in Seoul. A monthly budget is advisable since this will help you avoid having any financial difficulty when adjusting to the new culture. You may ask your friends or colleagues if they have any apartments they may want to rent so that you will have some idea on where to look for somewhere to stay when in Seoul.
Jeonse System: Most people who rent an apartment in Seoul utilize the Jeonsee system. This system resembles the Euro pockets system where the apartment owners to deposit a certain amount of the monthly earnings into a special bank accounts. They then use this money as the main key money for their flat. Some landlords also offer a weekly or monthly income which you can use to pay for your rent. They simply check your account once a month to make sure the money was deposited. If your landlord does not provide any income, you should think about finding a home to rent rather than paying rent with your key money.
Apartments in Seoul are supplied by major international and national apartment buildings as well as property management companies. The rates for apartments are usually higher than those in metropolitan cities but they are still cheaper compared to other developed nations like the US and UK. It is easy to get an apartment that you rent in Seoul without needing to worry about its location, cost of utilities or the standard of the building.
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