Finding An Apartment When In Seoul

Many foreigners come to South Korea to appreciate its amazing lifestyle. This includes spending their vacations in one of its many world class hotels, like the prestigious Samsung World. However, tourists usually choose to rent an apartment by the day. By doing this, they can experience a more authentic lifestyle while still making a nice quantity of savings. Note: 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 mostly on the place. 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 name would imply, studio apartments are one-room dwellings that usually come with a couple of bedrooms. Due to their small size, studio flats are often located far from tourist destinations or other areas where tourists might want to go to. Compared to villas, studio flats may be cheaper as they're usually rented by the day. They are best for students who are short on cash but still need a place to live. Other than being an ideal place to call home, a studio apartment 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, then make certain that you find one that offers good amenities like 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 as well.

Deposit: A significant element when renting an apartment or staying at a villa in Korea is the cost of rent. Before you sign any agreement with a rental business, you should ask them 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 may impose stricter rules about how much cash you need to deposit.

Accommodations: When living in another country for quite a long time, it may become difficult to adjust to the culture. This might 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 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 apartments they may want to rent so you will have an idea on where to start looking for a place to stay when in Seoul.

Jeonse System: Many people who rent an apartment in Seoul use the Jeonsee system. This system is similar to the Euro pockets system where 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 apartment. Some landlords also provide a weekly or monthly income which you can use to pay for your rent. They just check your account once in a month to make sure that 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 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 in comparison to other developed countries such as the US and UK. It is easy to get an apartment that you rent in Seoul without needing to worry about its location, cost of utilities or the quality of the building.

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