Finding An Apartment When In Seoul
Many foreigners come to South Korea to enjoy its awesome lifestyle. This includes spending their vacations in one of its many world class resorts, such as the prestigious Samsung World. However, tourists usually choose to rent an apartment by the day. This way, they could experience a more authentic lifestyle while still making a nice amount of savings. Note: This post is primarily focused on furnished apartments in Seoul, but would be applicable to privately owned apartments elsewhere in Korea.
The expense of apartment rentals in Seoul depends mostly on the place. The bigger the city, the pricier the flats and the more expensive the prices will be. To get a better idea about the costs of different buildings, check out this table:
Studio apartments: As the name would imply, studio apartments are one-room dwellings that usually come with a couple of bedrooms. Due to their small size, studio flats are often located far from tourist destinations or other areas where tourists may want to visit. In contrast to villas, studio apartments might be cheaper as they are generally rented by the day. They are ideal for students who are short on money but still need somewhere to live. Apart from being an ideal place to live, a studio flat in Seoul is also famous for its high safety profile and low crime rate.
Villas: 로마오피 A relatively new form of apartment buildings, villas offer more space than studio apartments and are generally considered more luxurious. If you would like to rent a villa in Seoul, make sure that you find one which offers good amenities such as a swimming pool, game room and so forth. 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 factor when renting an apartment or staying in a villa in Korea is the price of rent. Prior to signing any agreement with a rental business, you should ask them about the mandatory deposit. The deposit may vary based on the rental company and sometimes, even between apartment complexes. You must always read the contract thoroughly before signing it since some companies might impose stricter rules about how much money you will need to deposit.
Accommodations: When living in another country for a long time, it might become difficult to adjust to the culture. This might 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 can ask your friends or colleagues if they have any apartments they might want to rent so that you will have some idea on where to start looking for a place 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 in which the apartment owners to deposit a certain amount of the monthly earnings into a special bank account. Then they use this money as the main key money for their apartment. Some landlords also provide a weekly or monthly income which you can use to cover your rent. They simply check your account once in a month to make sure that the money was deposited. If your landlord does not provide any income, you should consider finding a house to rent instead of paying rent with your key money.
Apartments in Seoul are provided by major international and national apartment buildings as well as 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. You can easily get an apartment that you rent in Seoul without having to worry about its own location, cost of utilities or the quality of the building.
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