You probably have heard about home exchange. If you are still wondering what the practice is, it is a process wherein two homeowners agree to swap homes at a designated time. Why would homeowners agree to swap homes within a specified period? The answer could be very simple. It is because doing so could translate to significant cost reductions and savings especially when traveling.
In general home exchange is a vacation accommodation arrangement taken by two individuals or families, who agree to swap homes for a set time. The arrangement usually is inter-community or in most cases, between two homeowners in different countries. Thus, when a family living in New York decides to take a vacation in California, for example, they could swap their home with a house owned by a family in California. The homeowner in California then assumes the temporary ownership of the family’s house in New York, and vice versa. The two families could swap homes at the same time so as the time one family gets to California, the other one gets to New York.
The swapping arrangement is usually facilitated through a designated Website for home exchanging practices. Such online sites develop and maintain home swapping databases, which contain lists of homeowners across the state or countries who are willing to exchange their homes with other houses owned by other people. However, be reminded that all arrangements are temporary. That means ownership is not legally transferred. At the end of the arrangement, homeowners would return to their original homes.