Finding An Apartment When In Seoul

Many foreigners come to South Korea to enjoy 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 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 could be applicable to privately owned apartments elsewhere in Korea.

The cost of apartment rentals in Seoul depends largely on the location. The bigger the city, the pricier the apartments 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 title would imply, studio apartments are one-room dwellings that usually come with one or two bedrooms. Because of their small size, studio apartments are often located far from tourist destinations or other areas where tourists may want to visit. In contrast to villas, studio flats may 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. Apart from being an ideal place to call home, a studio apartment in Seoul is also known for its high safety profile and low crime rate.

Villas: A relatively new kind of apartment buildings, villas provide more space than studio apartments and are usually considered more luxurious. If you want to rent a villa in Seoul, be sure to find one which offers good amenities such as a swimming pool, game room and so forth. Some villas even offer security and other convenience packages. As a result of growing demand for these kinds 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 cost of rent. Prior to signing any agreement with a leasing 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 will need to deposit.

Accommodations: When living in another country for quite a long time, it may become difficult to adapt to the culture. This may lead to problems with your apartment complex. Before you decide to rent a location, make sure 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 will help you avoid having any financial difficulty when adjusting to the new culture. You can ask your friends or colleagues if they have any apartments they might want to rent so that you will have some 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 is similar to the Euro pockets system in which the apartment owners to deposit a certain amount of their monthly earnings into a special bank account. They then use this money as the main key money for their apartment. Some landlords also provide a weekly or monthly income that you can use to cover your rent. They just check your account once a month to make sure the money was deposited. If your landlord doesn't provide any income, you should think about finding a home to rent instead of paying rent with your key cash.

Apartments in Seoul are provided by major international and domestic 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 countries such as 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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