Real Estate in Daejeon, Korea
Last updated on Jun 04, 2023
Summary: People living in Daejeon, Korea offer advice about real estate. How do you find a home in Daejeon? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Daejeon?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Daejeon involves several steps. First, you need to determine your budget and the type of accommodation you prefer. This could range from a single room in a shared house (Goshiwon), a studio apartment (Officetel), or a larger apartment. Next, you should decide on the area you want to live in. Daejeon is divided into five districts, each with its own unique characteristics. Yuseong-gu, for example, is known for its universities and hot springs, while Seo-gu is the city's commercial and administrative center. Once you have a clear idea of your preferences, you can start searching for available properties. There are several online platforms that list rentals in Daejeon, such as Zigbang, Naver Real Estate, and Dabang. These websites are mostly in Korean, so you might need help from a Korean-speaking friend or use a translation tool. Another option is to visit real estate agencies (Budongsan) in the area you're interested in. These agencies have extensive knowledge of the local market and can help you find a place that fits your needs. Keep in mind that real estate agents in Korea usually charge a commission fee. When you find a place you like, you'll need to negotiate the terms of the lease. In Korea, it's common to pay a large deposit (Jeonse) and lower monthly rent, or a smaller deposit (Wolse) and higher rent. Make sure to clarify all the details, including the duration of the lease, maintenance fees, and what's included in the rent. Finally, before signing the contract, inspect the property carefully. Check the condition of the appliances, the heating system, and the overall cleanliness. If everything is satisfactory, you can proceed with signing the contract and moving in. Remember, finding a place to live in a foreign country can be challenging, so don't hesitate to ask for help if you need it," explained one person living in Daejeon, Korea.
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What is a typical expat home or apartment like in Daejeon?
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About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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