Finding An Apartment When In Seoul
Many foreigners come to South Korea to enjoy its amazing lifestyle. This includes spending their vacations 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 largely 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 largely 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 prices of different buildings, check out this table:
Studio apartments: As the title would imply, studio apartments are one-room dwellings that normally 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 might be cheaper as they're usually rented by the day. They are ideal for students who are short on cash but still need a place 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 apartments and are usually considered more luxurious. If you want to rent a villa in Seoul, then be certain to find one that offers good amenities like a swimming pool, game room and so on. Some villas even provide security and other convenience packages. Due to the growing demand for these kinds 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 company, you should ask them about the required deposit. The deposit may vary depending on the rental company and from time to time, even between apartment complexes. You should always read the contract thoroughly before signing it since some companies may impose stricter rules about how much money you 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 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 can ask your friends or colleagues if they have any flats they might 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 use the Jeonsee system. This system resembles the Euro pockets system in which the apartment owners to deposit a certain amount of their 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 that you can use to pay for your rent. They simply check your account once a month to make sure the money has been deposited. If your landlord doesn't provide any income, you should consider finding a home 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 needing to worry about its own location, cost of utilities or the quality of the building.
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