There is a lot of people from what I see that want to live in Kores, so I decided to share with you what I know regarding the houses here.
First of all to come to Korea you need to have a visa. This means that coming with your tourist visa here and then decide to change it in something else will not do. If you intend to have a job here, as may of you say they want to do, you must go back to your country and issue a working visa or a job seeking visa and come back again. There is plenty of visas you can check, different for each country that will allow you to stay for more than the tourist visa in Korea.
About the renting systems…there is about 3 different types.
with this system what happens is that, you give to the owner of the house a big sum of money “key money” which is usually the 50% to 80% of the current market value of the house. So by doing this you do not have to pay any rent for the next to years. When you decide to leave the house you get your money back as well, unless you have done some oopsies at the house so money will be deducted to fix those. This system works if someone has lots of money and they have no use for it (who does?!) However this system is becoming less and less popular.
The system of most countries around the world, and especially known to foreigners here in Korea. The person has to give 2 rents in advance to the owner and pay monthly rent as well, no “key money” needed here.
This is a mixture of the above, what happens here is that you can have “key money” and pay rent, however the bigger the “key money” the lower your rent. And of course you take your money back at the end of the contract.
This system along with Wolse is the popular ones.
Now about the houses one can find in Korea.
this is not the idea of the apartment that most of us have in our mind. Apartments in Korea are luxurious at high-end buildings with lots of space, which on its own it is a luxury for Seoul. Most buildings are new but you can find older ones too, As for the prices….think around 100 million won as “key money” plus 10 million won monthly rent in Seoul
a small version of the apartment above. Most of them are in new buildings near subway stations and have gyms cafes restaurants and other facilities around( I will upload a video of my building sometime so you can see) Also officetels can be used as offices, you can enlist it as your working place.
Price for those is around 450-900 dollars with a key money of 9k dollars.
Villas might be bit bigger from officetels but they are usually in old buidings around 5 stores high and there is no elevator, also the bathroom at those and the shower is all in one, which means you shower? the whole bathroom will shower with you.
price for villas is around 2k to 5k dollars.
This is the type of house in parasite if you have seen the movie. It is usually preferred amongst students and young people because it is affordable, but the space is nearly ok for a bed and a desk, the kitchen and bathroom is shared (unless you are that lucky that you find a goshiwon with its own bathroom) and also, they are underground which means no windows, no sunlight. You can find lots of them in Hongdae and Gangnam and the prices are 89 to 450 dollars for renting.
This is all I know of, once I have more information about those I will notify you!
Also If you like Korea, you can follow me on Instagram where I upload frequently! here
See you next time!