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 opt to rent an apartment by the day. By doing this, they could 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 could be applicable to privately owned apartments elsewhere in Korea.
The cost of apartment rentals in Seoul depends largely 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 prices of different buildings, check out this table:
Studio apartments: As the title would imply, studio apartments are one-room dwellings that usually come with one or two bedrooms. Due to their small size, studio apartments are often located far from tourist destinations or other areas where tourists may want to go to. In contrast 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 a place to live. Other than being an ideal place to live, a studio flat in Seoul is also known for its high safety profile and low crime rate.
Villas: A relatively new kind of apartment buildings, villas provide more space than studio apartments and are generally considered more luxurious. If you would like to rent a villa in Seoul, be sure that you find one which offers good amenities like a swimming pool, game room and so forth. Some villas even provide security and other convenience packages. As a result of growing demand for these kinds of villas, prices are now rather expensive also.
Deposit: A significant element when renting an apartment or staying at a villa in Korea is the price of rent. Prior to signing any agreement with a leasing business, you should ask them about the required 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 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 you have enough 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 flats 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: Many people who rent an apartment in Seoul utilize the Jeonsee system. This system is similar to the Euro pockets system where the apartment owners to deposit a certain amount of their monthly earnings into a special bank account. They then 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 pay for your rent. They simply check your account once a month to make sure 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 supplied 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 needing to worry about its location, cost of utilities or the quality of the building.
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