Finding An Apartment When In Seoul
Many foreigners come to South Korea to appreciate its awesome 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. This way, they can experience a more authentic lifestyle while still making a nice amount 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 expense of apartment rentals in Seoul depends mostly on the place. The bigger the city, the pricier the flats and the more expensive the costs 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 may want to go to. Compared to villas, studio apartments may be cheaper as they are generally 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 live, a studio apartment in Seoul is also famous for its high safety profile and low crime rate.
Villas: A relatively new kind of apartment buildings, villas offer more space than studio flats and are usually considered more luxurious. If you would like to rent a villa in Seoul, be sure to find one that offers good amenities like a swimming pool, game room and so forth. Some villas even offer security and other convenience packages. As a result of growing demand for these kinds of villas, prices have become rather expensive as well.
Deposit: A significant factor when renting an apartment or staying in a villa in Korea is the cost of rent. Before you sign any agreement with a rental business, you should ask them about the mandatory 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 businesses might impose stricter rules about how much cash you need to deposit.
Accommodations: When living in a different 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 location, make sure you have enough 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 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 is similar to the Euro pockets system in which the flat owners to deposit a certain amount of their 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 just check your account once in a month to be certain the money was deposited. If your landlord doesn't provide any income, you should consider finding a home to rent instead of paying rent with your key cash.
Apartments in Seoul are provided by major international and domestic apartment buildings in addition to property management companies. The rates for apartments 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 having to worry about its own location, cost of utilities or the standard of the building.
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