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 resorts, like 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 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 apartments 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 title would imply, studio flats are one-room dwellings that usually come with one or two bedrooms. Because of their small size, studio flats are often located far from tourist destinations or other areas where tourists might want to go to. In contrast to villas, studio flats may be cheaper as they're usually rented by the day. They are best for students that are short on cash but still need somewhere to live. Other than being an ideal place to call home, a studio flat in Seoul is also known for its high safety profile and low crime rate.
Villas: A relatively new form of apartment buildings, villas provide more space than studio apartments and are generally considered more luxurious. If you want to rent a villa in Seoul, then make certain to 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 types of villas, prices are now rather expensive as well.
Deposit: A significant factor when renting an apartment or staying at a villa in Korea is the cost of rent. Before you sign any agreement with a rental business, you should inquire about the required deposit. The deposit may vary based 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 might impose stricter rules about how much cash 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 may lead to problems with your apartment complex. Before you choose to rent a location, make 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 can help you avoid having any financial difficulty when adjusting to the new culture. You can ask your friends or colleagues if they have any flats they may want to rent so that you will have an idea on where to look for a place 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 account. Then they use this money as the key key money for their apartment. Some landlords also offer a weekly or monthly income which you can use to cover your rent. They just check your account once in a month to be certain that the money has been deposited. If your landlord doesn't provide any income, you should consider finding a house to rent instead of 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 flats are usually higher than those in metropolitan cities but they are still cheaper in comparison 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 own location, cost of utilities or the quality of the building.
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