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 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. Notice: This post is largely focused on furnished apartments in Seoul, but could 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 one or two bedrooms. Because of 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 money but still need a place to live. Apart from being an ideal place to call home, 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 apartments and are usually considered more luxurious. If you want to rent a villa in Seoul, be certain to find one which offers good amenities such as a swimming pool, game room and so on. Some villas even provide security and other convenience packages. As a result of growing demand for these types of villas, prices have become rather expensive as well.
Deposit: A significant element 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 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 businesses may impose stricter rules on how much money you need to deposit.
Accommodations: When living in another country for a long time, it may become difficult to adjust to the culture. This might lead to problems with your apartment complex. Before you choose to rent a place, make certain 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 can ask your friends or colleagues if they have any apartments they might want to rent so you will have an idea on where to start looking for a place to stay when in Seoul.
Jeonse System: Many people who rent an apartment in Seoul use 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 accounts. They then use this money as the main key money for their apartment. Some landlords also offer a weekly or monthly income that you can use to cover your rent. They simply check your account once in a month to be certain that the money was deposited. If your landlord does not provide any income, you should consider finding a house to rent rather than 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 compared to other developed countries such as the US and UK. You can easily 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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