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 resorts, like 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. Note: This post is primarily 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 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 flats 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 may want to visit. Compared to villas, studio flats might be cheaper as they are generally rented by the day. They are ideal for students that are short on cash but still need somewhere to live. Apart from being an ideal place to live, a studio flat in Seoul is also famous for its high safety profile and oo오피스텔 low crime rate.
Villas: A relatively new form of apartment buildings, villas offer more space than studio apartments and are generally considered more luxurious. If you want to rent a villa in Seoul, be certain to 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 have become rather expensive as well.
Deposit: A significant element when renting an apartment or staying at a villa in Korea is the price of rent. Before you sign 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 must always read the contract thoroughly before signing it since some businesses may impose stricter rules on how much money you need to deposit.
Accommodations: When living in another country for quite 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 place, 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 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 might want to rent so 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 utilize the Jeonsee system. This system resembles the Euro pockets system in which the apartment 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 apartment. Some landlords also offer a weekly or monthly income which you can use to cover 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 think about finding a home to rent instead of paying rent with your key cash.
Apartments in Seoul are supplied by major international and domestic apartment buildings in addition to property management companies. The rates for apartments 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 that you rent in Seoul without having to worry about its location, cost of utilities or the quality of the building.
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