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 hotels, 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 decent 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 expense of apartment rentals in Seoul depends largely on the location. The bigger the city, the pricier the apartments and the more expensive the costs will be. To get a better idea on 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 visit. In contrast to villas, studio apartments may be cheaper as they are generally rented by the day. They are ideal for students who are short on money but still need somewhere to live. Other than being an ideal place to call home, a studio flat 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 generally 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. Due to the growing demand for these types of villas, prices have become rather expensive as well.
Deposit: A significant element when renting an apartment or staying in a villa in Korea is the price of rent. Before you sign any agreement with a leasing business, you should ask them about the required deposit. The deposit may vary based 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 businesses might impose stricter rules on how much money you need to deposit.
Accommodations: When living in a different country for a long time, it may become difficult to adjust to the culture. This may lead to problems with your apartment complex. Before you decide to rent a location, make certain that 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 allow you to 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 start looking 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 in which the apartment owners to deposit a certain amount of the monthly earnings into a special bank account. They then use this money as the key key money for their flat. 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 make sure that the money was deposited. If your landlord does not provide any income, you should consider finding a home to rent rather than paying rent with your key cash.
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 nations like the US and UK. You can easily get an apartment for you to rent in Seoul without having to worry about its own location, cost of utilities or the standard of the building.
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