Things To Know When Hunting For Housing In Seoul

The gorgeous metropolis on the eastern side of the world, Seoul is the 16th largest city in the world. It is also one of the main focuses for fans of k-pop and k-drama. Seoul has pretty much everything that a city has to offer, and its vast expanse has conveniences for everyone who wants a comfortable life. That being said, it is also riddled with the problem of any well-to-do city in the world. So here are some of the basics that you will need to do know before try to find advertisements for grab a roof with the proper utilities.

The system for renting a place in the city

For those who do have a huge amount of cash in hand for purchasing a serviced apartment in Canberra or some kind of housing immediately, you can stay rent free if you put the money down for security deposit. This is the most expensive option available, but if you are considering staying for a long time then not paying rent for years would be a good thing. In the Jeonse system (cash at hand system), you will have to put a deposit that ranges from 26,000$ to around 90,000$ for a small sized place. This deposit will stay with the owner who will give it back once you are moving out of the apartment. This is also a safe option as you can involve witnesses and get legal help if you are going for this option; only if you have that kind of money lying around of course.

When you are not that rich

The ‘wolse’ (monthly rent) system in place for the majority of the population who do not make 10,000$ a month. But even for this a security deposit is required by almost any furnished apartments Melbourne or empty place and that deposit amount can be quite scary. Usually the range for security deposit varies between 4,500$ to somewhere at 18,000$ depending on what kind of place that you are trying to get. If you are looking for housing that is bigger than a studio then the deposit will be much larger as well. Although you do get this money back when you are leaving, you cannot find a place in the first place unless you have a large amount with you to put in as the key money for the housing.

Negotiating is always an option and landowners and property owners are willing to listen. You can negotiate between the rent and the security deposit by paying one in a larger amount.

Category: Accommodation
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