Home exchange is a form of accommodation service where two parties agree to swap their homes for a specified period and time, without the need for a monetary transaction, since in most cases no money changes hand. Home exchange stays can vary based on the agreement which may be from one night to one year, and also can cover any type of accommodation facilities such as a room, apartment, car or boat. Summer is the most preferred home exchange season, as many families go on holiday when schools break up. They are mostly offered through social networking sites, where people list their properties and are matched with the most ideal partner.

History of Home Exchange

Home exchange programmes have been around since 1953 when the first organised home exchange was founded by a group of European teachers who wanted to travel to different regions during school breaks in the summer. This industry has been experiencing growth in recent years, with senior citizens and teachers being the most frequent users of these programmes, because they have adequate time to travel for more extended periods.

Though most of the home swaps are for shorter periods, some people have opted to permanently swap their homes in cases such as during ethnic conflicts, mutual exchange agreements or during mortgage crises. The home exchange programmes offer a cheaper accommodation option when travelling away from home, either alone or with your family. With many sites offering home exchange solutions, it’s vital that you do some research on the company and also look keenly at the pictures of the house, with which you intend to swap. This will help you avoid inconveniences which may be associated with home exchanges, such as poor home conditions, or other hidden charges such as exaggerated utility bills. Also, ensure that you build a good rapport with your partner by making sure you communicate and agree on the terms beforehand.