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, such as the prestigious Samsung World. However, tourists usually choose to rent an apartment by the day. This way, 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 apartments 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 normally come with a couple of bedrooms. Due to their small size, studio apartments are often located far from tourist destinations or other areas where tourists might want to visit. Compared to villas, studio apartments might be cheaper as they are generally rented by the day. They are best for students who are short on money but still need a place to live. Other than being an ideal place to live, 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 provide more space than studio flats and are generally considered more luxurious. If you would like to rent a villa in Seoul, then be certain to find one that offers good amenities such as a swimming pool, game room and so on. Some villas even offer security and other convenience packages. As a result of growing demand for these types of villas, prices are now rather expensive as well.
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 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 companies may impose stricter rules on how much cash you need to deposit.
Accommodations: When living in a different country for quite a long time, it might become difficult to adjust to the culture. This may lead to problems with your apartment complex. Before you choose to rent a location, be sure you have sufficient 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 you will have an idea on where to look 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 where the flat owners to deposit a certain amount of the monthly earnings into a special bank account. Then they 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 cover your rent. They just check your account once a month to make sure the money has been deposited. If your landlord does not provide any income, you should consider finding a house to rent rather than paying rent with your key cash.
Apartments in Seoul are provided by major international and national 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. You can easily get an apartment that you rent in Seoul without having to worry about its location, cost of utilities or the standard of the building.
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