Finding An Apartment When In Seoul
Many foreigners come to South Korea to appreciate its amazing lifestyle. This includes spending their vacations in one of its many world class hotels, like the prestigious Samsung World. However, tourists usually opt to rent an apartment by the day. By doing this, they can experience a more authentic lifestyle while still making a decent quantity of savings. Note: This post is largely focused on furnished apartments in Seoul, but could 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 about the prices of different buildings, check out this table:
Studio apartments: As the name would imply, studio apartments are one-room dwellings that normally come with one or two bedrooms. Due to their small size, studio apartments are often located far from tourist destinations or oo오피스텔 other areas where tourists may want to visit. Compared to villas, studio flats might be cheaper as they are usually rented by the day. They are best for students that are short on cash but still need a place to live. Apart from being an ideal place to live, a studio apartment in Seoul is also known for its high safety profile and low crime rate.
Villas: A relatively new form of apartment buildings, villas offer more space than studio flats and are generally considered more luxurious. If you want to rent a villa in Seoul, make certain that you find one which offers good amenities like a swimming pool, game room and so on. Some villas even offer security and other convenience packages. Due to the growing demand for these types of villas, prices are now rather expensive also.
Deposit: A significant element when renting an apartment or staying in a villa in Korea is the cost of rent. Before you sign any agreement with a leasing company, you should inquire about the mandatory deposit. The deposit may vary based on the rental company and from time to time, even between apartment complexes. You should always read the contract thoroughly before signing it since some companies might impose stricter rules on how much cash you will need to deposit.
Accommodations: When living in another 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 location, 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 flats they may want to rent so you will have some idea on where to look for somewhere to stay when in Seoul.
Jeonse System: Many people who rent an apartment in Seoul utilize the Jeonsee system. This system resembles the Euro pockets system where the flat owners to deposit a certain amount of the monthly earnings into a special bank accounts. Then they use this money as the main key money for their flat. Some landlords also provide a weekly or monthly income that you can use to pay for your rent. They just check your account once a month to make sure the money has been deposited. If your landlord doesn't provide any income, you should think about finding a home to rent instead of paying rent with your key money.
Apartments in Seoul are provided by major international and domestic apartment buildings in addition to property management companies. The rates for flats 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 for you to rent in Seoul without needing to worry about its location, cost of utilities or the quality of the building.
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