Finding An Apartment When In Seoul

Many foreigners come to South Korea to enjoy its awesome lifestyle. This includes spending their holidays in one of its many world class hotels, such as the prestigious Samsung World. However, tourists usually opt to rent an apartment by the day. This way, they can experience a more authentic lifestyle while still making a decent quantity of savings. Note: 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 mostly on the place. The bigger the city, the pricier the flats and the more expensive the costs will be. To get a better idea about the prices of different buildings, check out this table:

Studio apartments: As the name would imply, studio flats 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 might want to visit. Compared to villas, studio flats might be cheaper as they're generally rented by the day. They are ideal for students that are short on money but still need a place to live. Other than being an ideal place to call home, a studio flat 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 generally considered more luxurious. If you would like to rent a villa in Seoul, then be certain to find one which 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 have become rather expensive also.

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 rental company, you should inquire about the required deposit. The deposit may vary depending on the rental company and sometimes, even between apartment complexes. You must 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 another 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 choose to rent a place, be certain 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 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 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 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 key 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 in a month to be certain the money was deposited. If your landlord doesn't 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 apartments 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 for you to rent in Seoul without having to worry about its location, cost of utilities or the quality of the building.

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