This article was originally published on Redfin.com.
Looking for a change of scenery? Are you tired of your same old four walls? If you’re interested in trying out a new location, why not do a home swap? Whether you’re renting an apartment in West Palm Beach, FL, or considering moving to Portland, OR, this type of arrangement can be a great way to experience a new place without having to commit to a long-term lease. However, you should keep a few things in mind if you’re thinking about committing to this type of housing exchange.
To help you get a better understanding of how a home swap works, the benefits of this arrangement, and how to get started, we spoke with some of the top home exchange and travel experts in the country. Here’s what they had to say.
What is a home swap?
Simply put – a house exchange, also known as a “home swap” or “apartment swap,” is an agreement in which you stay in someone else’s home, and they stay in yours.
That said, there are actually a few different types of home exchanges that can occur. In a “simultaneous exchange,” you stay in your exchange-partner’s home while they stay in yours. In a “non-simultaneous exchange,” you stay at a home-swapper’s second home or vacation home. In a “hospitality exchange,” you stay as a guest in a swapper’s abode while they’re also in the house.
A home swap is a great way to experience living in a new city or country without moving permanently.
Choosing the right company for your house swap
There are many benefits to using an official home swap company for a house exchange. These companies are usually run by experienced staff who know how to facilitate a home swap properly. They also have well-established systems and procedures in place to make sure that the swap goes smoothly. Additionally, official websites often have a large pool of potential swap partners, which increases the chances of finding a good match.
Travel site, Intentional Travelers, recommends working with a reputable and well-known home exchange company. “One of the most popular online networks for house swaps is Home Exchange which currently has a $175 annual fee for membership. This site allows you to list your home, view homes in other destinations worldwide, message homeowners, and arrange an “exchange agreement” to stay in each other’s homes.”
Expert tip for narrowing down your options: “There are almost 60 active home exchange networks, so it can be daunting to pick one to join. Some key features are the size of the network and exchange options. You want the network to have a selection of homes in the destinations you want to visit and have simultaneous or flexibility for non-simultaneous stay options,” says travel advice site Share Traveler. “To make it a bit easier, I’ve created a spreadsheet of all the networks and a guide to selecting the best one for you.”
“Home exchanges offer a more authentic, warm, and budget-friendly travel option compared to traditional hotels or rentals. There are options for luxury homes as well, like HomeExchange Collection, which offers an exclusive community for those with extraordinary homes.”
Things to consider when picking the location of your home exchange
What kind of experience do you want to have?
There are a few things to consider when choosing a location for a home exchange. First, think about what type of experience you want to have. Are you looking to be in a big city or a smaller town? Are you considering international exchanges? Do you want to be near the beach or in the mountains? Once you know the type of experience you’re looking for, you can start narrowing down your options.
Pro-tip: Consider destinations off the beaten path
Long-term travel advice site Fifty Plus Nomad shares, “You may want to look for exchange partners in more out-of-the-way places. For example, almost every exchange service has many listings in France. Instead of looking for a partner in or near Paris or on the Cote d’Azur, you may want to consider exchanges in places in or around Toulouse, Marseille, or Lyon. These are all amazing places with rich cultural attractions that will also allow you to experience more of typical French life.”
What size and type of home are you looking for?
Another thing to consider is what type of home you’re looking for. If you have a specific kind of home in mind, that will help to narrow down your options. For example, if you’re looking for a beachfront property, that will help limit your options to locations with waterfront homes.
What is your budget?
Finally, you’ll want to consider your budget. Home exchanges can be a great way to save money on your vacation, but you’ll still need to consider the cost of the exchange itself. Make sure to compare the cost of the exchange with the cost of staying in a hotel or other accommodations to ensure you’re getting the best value for your money.
The benefits of home swapping, straight from the experts
Home exchanges offer a variety of unique benefits. Below, travel experts share some of their favorite aspects of home swapping.
You can save money traveling to your dream destinations
“Apartment swaps and home exchanges are a fantastic way to travel without spending a lot of money. Make sure you’re going through a trusted site and an owner with plenty of real and positive reviews,” recommends money-saving travel site Johnny Jet.
Home swaps can be great for traveling families
“If you are traveling as a family, you’ve got a chance to handle young children and maintain a family routine more readily. At the same time, you’ve got a chance to take day trips and explore from your new home base. Home exchange makes perfect sense,” shares travel site Mark’s Travel Journal.
The opportunity to experience living like a local
“Doing a home swap gives you a unique opportunity to live like a local. You can experience life in a new place through the eyes of your exchange partner in a way that is even more authentic than renting an Airbnb. This “slow” style of travel is perfect for anyone who wants more than just traditional tourism. It’s also a great way to test the waters if you’re contemplating a move to a new location,” says Poppin Smoke.
Home swapping can be an all-around great experience
“Home swapping is an amazing, affordable way to travel and explore without leaving the comfort of a fully furnished home behind. You’ll experience the day-to-day life like a resident of the country you’ll be visiting, making your visit so much more immersive,” shares travel and adventure blog The Wildest Road. “The most rewarding part of home swapping is the friendships you’ll build over time, creating lasting connections worldwide.”
Frequently asked questions about home swapping
Do you have to own a home to participate in a house swap?
You don’t need to own a home to participate in a home exchange. Renters can do it, too, as long as you have the permission of the relevant parties. Check with your landlord and read your lease to see if you’re allowed to rent your place out to strangers.
Can I swap cars too?
Most of the time, yes, car swapping is often part of the home swap arrangement.
How much do home exchanges cost?
Most home-exchange programs charge users a membership fee to list and search for homes and get in contact with members. Each company has various pricing structures and membership options, so spend a little time researching to find the one that fits you best.
How can I stand out from other applicants for a home exchange?
“As you might imagine, the best swaps, exchanges, and housesitting opportunities also have a lot of competition. If you want to stand out from other applicants, record a video introduction of yourself, showing off your personality, talking about your values and your unique approach to home swaps,” says travel community and advice site TravelFreak. “People want to know who they’re swapping with and feel safe and comfortable with that person, so make sure you let them know who you are.”
Final thoughts on home swaps
Before agreeing to a home swap, do your research on the other party and the home itself. This includes checking out reviews and speaking to the other party to get a sense of what they are like. You should also ensure that the home is in good condition and a safe place to live. Home exchanges can be very rewarding and offer the opportunity to travel to different places and learn about other cultures while meeting new people and making new friends.
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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.