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, like 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 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 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 may want to go to. In contrast to villas, studio apartments may be cheaper as they are generally rented by the day. They are best for students who are short on money but still need somewhere 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 form of apartment buildings, villas offer more space than studio apartments and are usually considered more luxurious. If you want to rent a villa in Seoul, make certain that you 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. Due to the growing demand for these types of villas, prices are now rather expensive also.

Deposit: A significant factor when renting an apartment or staying at a villa in Korea is the cost of rent. Before you sign any agreement with a rental company, you should inquire about the mandatory deposit. The deposit may vary depending on the rental company and sometimes, 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 need to deposit.

Accommodations: When living in a different country for a long time, it may become difficult to adapt to the culture. This might lead to problems with your apartment complex. Before you choose to rent a location, be certain 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 may 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 somewhere 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 in which the flat owners to deposit a certain amount of their monthly earnings into a special bank accounts. They then 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 pay for your rent. They just check your account once in a month to make sure the money has been deposited. If your landlord doesn't provide any income, you should consider finding a house to rent instead of 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 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. It is easy to get an apartment that you rent in Seoul without having to worry about its own location, cost of utilities or the standard of the building.

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