Finding An Apartment When In Seoul

Many foreigners come to South Korea to enjoy its amazing lifestyle. This includes spending their vacations in one of its many world class resorts, such as the prestigious Samsung World. However, tourists usually opt to rent an apartment by the day. This way, they could experience a more authentic lifestyle while still making a decent amount of savings. Notice: 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 prices of different buildings, check out this table:

Studio apartments: As the title would imply, studio flats are one-room dwellings that usually come with one or two bedrooms. Due to their small size, studio flats are often located far from tourist destinations or other areas where tourists might want to visit. In contrast to villas, studio flats may be cheaper as they're generally rented by the day. They are ideal for students who are short on money but still need a place to live. Apart from being an ideal place to call home, a studio flat 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 would like to rent a villa in Seoul, then make certain to find one which offers good amenities such as a swimming pool, game room and so on. Some villas even provide 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 factor when renting an apartment or staying at a villa in Korea is the price of rent. Before you sign any agreement with a leasing company, you should ask them about the mandatory deposit. The deposit may vary depending 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 companies might impose stricter rules about how much money you will need to deposit.

Accommodations: When living in a different 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 decide 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 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 flats they may want to rent so that you will have an idea on where to start looking for somewhere 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 where the flat owners to deposit a certain amount of their monthly earnings into a special bank account. Then they 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 cover your rent. They just check your account once a month to be certain 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 cash.

Apartments in Seoul are supplied by major international and national apartment buildings in addition to property management companies. The rates for flats are usually higher than those in metropolitan cities but they are still cheaper compared to other developed nations like 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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