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My name is Jacob, a husband to a wine-blogger wife, father to two bouncy-boy toddlers, and I'm the owner/author of My Personal Finance Journey. By day, I am a scientist working in bio-pharmaceutical development. Personal finance has been my hobby since 2007 when I started teaching myself through books (that finance B.S. degree didn't teach me much!). Learning how to save, adopt a frugal mindset, and invest my own money soundly has allowed me to have a savings rate > 50%, increase my net worth by > 20 times, grow my career, and always do what I love. Check out the About Me page to learn more!
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The following post is by MPFJ staff writer, Shondell of Call Me What You Want, Even Cheap. She blogs about her recent car loan and mortgage pay off and a whole bunch more. Check out her blog right here.
There is no place like home, but what if you could have the comfort of your home while enjoying a wonderful vacation in your favorite place in the world?
Home swapping or home exchange is the ultimate vacation alternative where people trade their homes at convenient times for both parties. Although it is a relatively new concept, vacation home swapping is remarkable and unique in many ways, gaining more and more popularity every day.
If you have doubts about the success of home swapping, consider the many benefits that come with this solution. First of all, it has exclusive characteristics, which no resort or hotel will ever be able to provide. Here are some of the most general advantages of vacation home swapping:
Every year is a new possibility to engage in a new enticing vacation experience. With vacation home swapping, the experience is unique every time. There are countless possibilities, and you will be surprised at the diversity of choices you have. However, there are certain aspects that you need to consider before embarking on this wonderful journey. Here is a list of the most important ones:
Vacation home swapping is becoming increasingly popular among the ranks of doctors, lawyers, singles, and couples that want the reward of a new experience in a new setting. It is a concept that is based on mutual trust and respect as well as goodwill. As more and more people are offering their homes for home swapping, it is important that you know what you are looking for:
The important thing is that all of these needs are met for both partners involved. Vacation home swapping is really more about exchanging lifestyles rather than exchanging actual properties. That is the reason why you should learn everything there is to know about your new vacation destination including transportation, amenities, places to visit, events, restaurants, neighbors, and everything else you may be interested in. In the end, home swapping is a written agreement that will ensure that both parties get what they want and set limits to what they can offer.
How about you all? Have you ever house swapped? If not, would you?
Share your experiences by commenting below!
***Photo courtesy of http://www.flickr.com/photos/justicemitchell/
Hi folks! My name is Jacob. I am the owner and operator of My Personal Finance Journey. I started this blog in January of 2010 and have enjoyed the journey ever since. Since finishing up graduate school in Virginia in 2014, I have been working in biopharmaceutical development in Colorado. You can read more about me and this site here. Please contact me if you have any questions!
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The area where I live simply isn't a vacation destination so I don't think this would work. I have often considered the idea of renting a condo or something like that versus staying in a hotel, which I suppose would be a pretty good compromise and still lead to some cost savings.
My recent post Be Honest With Yourself About Your Financial Situation
I have just started to consider it as I now have a house in Guatemala that would be nice to swap! Before I have used couchsurfing and apartment rentals to stay at other people's place, and also hosted so having strangers in my house isn't really a problem. The only thing would be dates, as people usually want to come to Guatemala for the winter sun, and going somewhere cold in exchange isn't really appealing. Maybe I'll swap with eemusings 🙂
My recent post 13 money resolutions for 2013: #13 enjoy!
Guatemala sounds nice. I've never been. How is it there?
My recent post Blogging Can Really Change Your Life!
It is amazing! A very small country with so many different landscapes, climates… Pacific beach for surfing, Caribbean for snorkeling, active volcanoes for hiking, Mayan ruins for exploring, nice food, nice people and it is called the country of eternal spring, the weather is (almost) always perfect!
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Sounds wonderful, especially now when it's freezing here. It would be perfect for a house swap in the winter, but if that's your escape for the winter than It might be a problem.
My recent post Blogging Can Really Change Your Life!
I have heard about people swapping at different times. One could have my house in December while I go back to Europe to visit family, and then I have their US place in summer while they are on another holiday. It is a bit more complicated but feasible.
My recent post 13 money resolutions for 2013: #12 make a plan!
You should try it. I am sure many people would want to travel in December, especially since the kids are on Christmas holidays then.
My recent post Blogging Can Really Change Your Life!
I've never considered doing a house swap for vacation, but it makes a lot of sense if you can find someone responsible that you trust to swap with. I suspect there would be plenty of people who'd want to swap with us (we live in the greater NYC area). I'd happily trade a week for a week in someone's house by the beach. Especially with the snow we just got.
My recent post My Dog Has More Coats Than I Do
I agree, NYC is definitely a tourist attraction. It's the best for shopping!
My recent post Blogging Can Really Change Your Life!
I definitely would consider it in the future! Not really possible so far as we've lived with other people or in absolutely tiny places in the burbs that nobody would want to visit.