If you think frequent travel just doesn’t fit in your budget, think again. Anyone who has a place to live has the means to get free accommodations all over the world. It sounds crazy, but it’s true. Home swapping is an easy, affordable way to enjoy traveling frugally. Learn more about this trend and how you can take advantage of it to travel more often without blowing your budget.
What is Home Swapping?
The name explains it all. With home-swapping, you simply trade accommodations with other people around the world. While you are staying in their place, they are staying in yours, with each of you getting accommodations for free.
How Do I Make My Home Available to Swap?
The easiest way to swap homes is to list your residence on an official home swapping site, such as Home Link International or Home Exchange. These websites help to facilitate the transaction and provide extra security in the form of official agreements, customer service support and internal messaging systems. You’ll also be able to see feedback from other members who have stayed in the homes you’re considering, which helps to figure out if that destination is a good fit for you. Uploading lots of photos and information about your home will make it more attractive to potential swappers.
Another way you can home swap is through Facebook, Craigslist or even personal connections. For example, maybe you know someone who has friends or family visiting from another state or country. If they don’t have space to host people in their own home, you could offer yours in exchange for staying in the home of their friends or family. This is a less formal way to arrange home swapping, so be sure to clarify the expectations before you proceed.
What Types of Home Swaps are There?
There are actually three different types of swaps you can consider using to facilitate your travel:
- Simultaneous exchange: You stay in an exchange partner’s home while they stay in yours. This is the most common option.
- Non-Simultaneous exchange: You take turns trading homes and stay elsewhere while hosting.
- Hospitality Exchange: This is similar to a non-simultaneous exchange, but you live in your home while hosting and the exchange partner stays as your guest.
What Are the Pros and Cons of Home Exchanges?
The biggest benefits of participating in a home swap is getting to stay somewhere else for free. Accommodations account for a huge portion of most people’s travel budgets. In many cases, it is the biggest expense overall. For example, consider a weeklong trip where you stay in a mid-range hotel for $150 per night. By using a home exchange during your trip, you can enjoy a savings of $1,050.
It’s also nice to stay in a real home instead of a hotel for many reasons. With a full kitchen, you can make some of your meals at the house instead of always eating out, which also helps to cut back on your trip expenses. You and your travel companions will have more room to spread out, and hosts often leave lots of helpful suggestions that allow you to see your destination like a local and explore unique places.
There are some drawbacks, however. You’ll need to consider whether you feel comfortable with strangers staying in your home. Many people do take some precautions, such as a getting a safe to protect any private documents or other valuables. If you like to be pampered on a vacation, you may also feel let down by staying in a normal home rather than a nice hotel. The location of your home swap will also play an important role; if you’ll be staying outside the city center, you may need to account for the cost of renting a car, parking or taking public transportation to see the sights and explore your destination.
Finally, you’ll want to consider the costs associated with home exchanges. Many of the official websites require you to pay an annual membership fee in order to list your home, so consider that when making your travel budget.
Who Can Home Swap?
Just about anyone can home swap, but it’s worth considering if it’s a good fit for you. Renters, for example, may need permission from their landlord to participate in home exchanges. You should also think about the desirability of your location. Those in areas with few attractions or that are difficult to reach may not have much success persuading others to swap homes. Those in attractive destinations, on the other hand, will likely have lots of interest from people living around the world.
The most successful home swappers also have a more flexible approach to traveling. If you have very specific requirements in terms of the travel dates and location, you may experience more difficulty in setting up a home exchange.
Are you ready to try a new way of traveling? Consider whether you can cut your travel budget with home exchanges.