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 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 would 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 apartments and the more expensive the prices 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 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 flats might be cheaper as they are usually rented by the day. They are ideal for students that are short on money but still need somewhere to live. Apart from being an ideal place to live, 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 generally considered more luxurious. If you would like to rent a villa in Seoul, be certain that you find one that offers good amenities such as a swimming pool, game room and so forth. Some villas even offer security and other convenience packages. Due to the growing demand for these types of villas, prices are now rather expensive as well.

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 rental business, you should inquire about the mandatory 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 money you will 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 place, be 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 a place to stay when in Seoul.

Jeonse System: Many people who rent an apartment in Seoul use the Jeonsee system. This system resembles the Euro pockets system in which the apartment owners to deposit a certain amount of the monthly earnings into a special bank account. They then use this money as the main key money for their flat. Some landlords also provide a weekly or monthly income that you can use to pay for your rent. They just check your account once a month to be certain that the money was deposited. If your landlord doesn't 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 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 own location, cost of utilities or the quality of the building.

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