Why rich people swap homes (and how you can, too)

August 3, 2025

By Kim Komando

Want to globe-trot like a baller but on a budget? Enter home swapping: the Airbnb alternative that doesn’t cost a mortgage payment per night. It’s just what it sounds like. You stay in someone’s house, they stay in yours, like Freaky Friday with better Wi-Fi.

There are entire Facebook groups dedicated to this, from “Women Over 50 Who Swap” to “Vegan Baseball Fans Who Travel.” Yes, really. But before you pack your bags, there are some things you need to know.

🧐 Start smart (and safe)

If you’re brand new to swapping, I say bite the bullet and pay to use a trusted third-party platform first. This way, the other party is verified. 

Do not, I repeat, DO NOT attempt a rogue swap via Craigslist unless your dream vacation includes mystery stains, hidden cameras and a surprise roommate in the attic.

Plus, when you go DIY, you’re responsible for all the legwork, i.e., background checks, contracts and safety protocols.

🚩 Major red flag: If someone refuses to video chat or sign a written agreement, walk away. Ask about alarm systems, cameras and whether a neighbor, cleaner or family member has a key while you’re there.

🛖 What about your place?

If you rent, check your lease. Most don’t allow subletting without approval. And if you own, look at your mortgage terms. Some lenders limit short-term rental arrangements.

Protect yourself by locking your valuables in a portable safe (this one’s $19). Lock any closets and rooms off-limits to guests. For super-valuable small stuff, get a safety deposit box at your bank. 

Have a local contact (a plumber, handyman or even a neighbor) around for anything that might go wrong while you’re away.

Insurance is part of this convo, too. Ask if your renter’s or homeowner’s policy extends to anyone you swap homes with. You may need additional coverage.

🦺 Guardhog and Pikl specialize in insurance just for home sharing. Who knew?

🏖️ Arrivederci, beaches

When you’re getting started with home swapping, going through a vetted third-party website is your safest bet. Here are a few to check out:

• HomeExchange rewards members with loyalty points for each year they renew. A subscription costs $220 a year.
• HomeLink has been around for over 70 years. Memberships start at $115 monthly, and you can get a 30-day free trial.
• ThirdHome has a network of luxury residences in over 100 countries for folks who already have primary and secondary homes. You have to apply to become a vetted member. Fancy!

✈️ Know someone itching to travel more? Use the handy-dandy one-click share icons below. Maybe they’ll take you with them!

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