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, such as the prestigious Samsung World. However, tourists usually choose to rent an apartment by the day. By doing this, they could 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 expense of apartment rentals in Seoul depends largely on the place. 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 apartments are one-room dwellings that usually come with a couple of bedrooms. Because of their small size, studio flats are often located far from tourist destinations or other areas where tourists might want to go to. In contrast to villas, studio flats might be cheaper as they are usually rented by the day. They are best for students that are short on money but still need a place to live. Other than 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 flats and are usually considered more luxurious. If you would like to rent a villa in Seoul, make sure that you find one that offers good amenities such as a swimming pool, game room and so forth. Some villas even provide security and other convenience packages. As a result of growing demand for these types 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. Prior to signing any agreement with a leasing 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 companies may impose stricter rules on how much cash you need to deposit.
Accommodations: When living in another 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 decide to rent a location, be sure 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 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 may want to rent so you will have some idea on where to start looking for somewhere to stay when in Seoul.
Jeonse System: Most people who rent an apartment in Seoul utilize the Jeonsee system. This system is similar to the Euro pockets system where the flat owners to deposit a certain amount of the monthly earnings into a special bank accounts. Then they use this money as the main key money for their flat. Some landlords also offer a weekly or monthly income which you can use to cover your rent. They just check your account once in a month to be certain that the money was deposited. If your landlord does not provide any income, you should consider finding a home to rent instead of paying rent with your key money.
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 for you to rent in Seoul without having to worry about its location, cost of utilities or the standard of the building.
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