Finding An Apartment When In Seoul
Many foreigners come to South Korea to appreciate its awesome 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 decent quantity of savings. Notice: This post is primarily 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 on the prices of different buildings, check out this table:
Studio apartments: As the title would imply, studio apartments are one-room dwellings that usually come with one or two bedrooms. Due to their small size, studio apartments are often located far from tourist destinations or other areas where tourists may want to visit. In contrast to villas, studio apartments may be cheaper as they're generally rented by the day. They are best for students who are short on cash but still need somewhere to live. Other than 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 apartments and are usually considered more luxurious. If you would like to rent a villa in Seoul, make certain that you find one which offers good amenities like 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 kinds of villas, prices are now 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 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 on how much cash you need to deposit.
Accommodations: When living in another country for a long time, it might become difficult to adjust to the culture. This might lead to problems with your apartment complex. Before you choose to rent a place, be certain that you have sufficient 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 can ask your friends or colleagues if they have any flats they might want to rent so 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 utilize the Jeonsee system. This system is similar to the Euro pockets system in which the flat owners to deposit a certain amount of the monthly earnings into a special bank account. They then use this money as the key key money for their flat. Some landlords also offer a weekly or monthly income that you can use to cover your rent. They simply check your account once in a month to be certain the money was deposited. If your landlord doesn't provide any income, you should think about finding a home to rent rather than paying rent with your key money.
Apartments in Seoul are provided 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 nations like 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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