Finding An Apartment When In Seoul

Many foreigners come to South Korea to appreciate its amazing lifestyle. This includes spending their holidays in one of its many world class resorts, such as the prestigious Samsung World. However, tourists usually opt to rent an apartment by the day. By doing this, they can experience a more authentic lifestyle while still making a decent amount of savings. Note: This post is largely focused on furnished apartments in Seoul, but would be applicable to privately owned apartments elsewhere in Korea.

The cost of apartment rentals in Seoul depends mostly on the location. 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 normally come with a couple of bedrooms. Because of their small size, studio apartments are often located far from tourist destinations or other areas where tourists might want to visit. In contrast to villas, studio apartments may be cheaper as they're usually rented by the day. They are best for students that 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 known for its high safety profile and low crime rate.

Villas: A relatively new form of apartment buildings, villas provide more space than studio flats and are usually considered more luxurious. If you want to rent a villa in Seoul, then make 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 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. Prior to signing any agreement with a leasing business, you should ask them about the mandatory 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 companies might impose stricter rules on how much cash you need to deposit.

Accommodations: When living in another country for quite a long time, it might become difficult to adjust to the culture. This might 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 may ask your friends or colleagues if they have any apartments they may want to rent so that you will have an idea on where to look for somewhere to stay when in Seoul.

Jeonse System: Most people who rent an apartment in Seoul use 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 accounts. They then 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 cover your rent. They simply check your account once a month to be certain the money has been deposited. If your landlord does not provide any income, you should consider finding a house to rent instead of paying rent with your key money.

Apartments in Seoul are supplied by major international and domestic apartment buildings in addition to property management companies. The rates for flats 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 for you to rent in Seoul without needing to worry about its own location, cost of utilities or the quality of the building.

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