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Home swapping is cheaper alternative to hotels, Airbnb

Wave Of Tech IPO's Could Heat Up Already Pricey San Francisco Housing Market
Posted at 7:59 AM, May 28, 2019
and last updated 2019-05-28 09:40:42-04

More than 3 billion people traveled last year. According to data website, ValuePenguin, lodging costs for vacation take up about 26% of total expenditures for domestic trips and 21% for international trips.

According to Hotels.com, the average hotel room costs about $141 a night. The average Airbnb costs between $60 and $80 for a couple, but what about just swapping a home with another family?

Home Exchange offers 400,000 homes in 187 countries. It costs $150 a year or $15 a night. They also cover up to $1 million in damages.

Love Home Swap offers 10,000 homes in 100 countries. They offer three different memberships costing from $11 to $15 dollars per month and you don’t have to swap homes at the same time. Love Home Swap offers a two week free trial.

Own a second home? Turn to thirdhome.com. There isn’t an annual fee to join, just pay an exchange fee to swap. They use a key system which is based on the value of the home and the time of year, but they expire in fifteen months. They also cover up to $5,000 in damages.