Whether you are a chief executive or a family person with a medium income, your travel style should inform the type of property you choose for your getaways. With the vacation rentals market projected to exceed $100 billion globally by 2024, you have more options than ever for finding the perfect travel home.
Buying might make sense if you plan to spend more than several months yearly in your travel home. However, renting may be the way to go if you only take several trips annually. You’ll avoid maintenance costs and the commitment of ownership.
Rental platforms like Airbnb offer diverse listings of any style or group size. But before you start browsing listings, take some time for self-discovery and research.
Self-Discovery Before Renting or Buying
Here are a few questions you have to ask yourself before you start searching for your dream travel home. What type of traveler are you? Are you an adventurous backpacker seeking an authentic experience? A luxurious explorer indulging in high-end destinations? Or a family focused on culture and activities for kids and adults?
Next, consider how often you embark on getaways. A short-term rental may suit your needs if you only take one big trip a year. However, a more permanent second home could be ideal if you travel frequently or for long periods.
Finally, pinpoint locations you love to visit again and again. Perhaps, you would enjoy a ski cottage in the Swiss Alps, a beachside condo along the shores of Hawaii, or a charming apartment in the heart of Vienna. The destinations you frequent the most will guide you to the type of property that aligns with your travel style.
Once you’ve reflected on your priorities, start searching for homes in your dream locations. As an adventurous traveler, you may want an apartment in bustling Bangkok or Buenos Aires. Luxury seekers could set their sights on a Tuscany villa or high-rise Dubai properties with high-end amenities. Families might look for a welcoming beach house in Southern Spain or a roomy condo along the canals of Amsterdam.
With self-discovery, you can find a second home tailored to your unique sense of style and culture. The ideal property is out there — you just have to determine what you need to turn your travel dreams into a reality.
Perfect Property for Your Travel Needs
Your travel style will determine the perfect property for your needs. Whether you’re looking for short-term flexibility or a lifetime of memorable vacations in one spot, there’s a housing option that can maximize your experience. Consider these property types:
Vacation Rentals: For the Explorer
If you love discovering new places and living like a local, short-term vacation rentals are ideal. Platforms like Airbnb, Vrbo, and Booking.com offer over 7.7 million options of homes, apartments, and unique lodgings worldwide. Go from a beach bungalow in Hawaii to a chic Dubai apartment. Vacation rentals allow you to fully immerse yourself in a new destination.
Timeshares: For the Repeat Visitor
Timeshares provide guaranteed access for those who return to the same place each year. While the upfront investment is substantial, timeshares come with the perk of a consistent vacation home for life. You can travel during peak seasons and school breaks. However, timeshares also mean less flexibility to experience new destinations.
Second Homes: For the Long-Term Lover
While a big financial commitment, second homes allow for unlimited vacations on your schedule. Additionally, you can generate income by renting out a secondary home. If you think you might sell down the road, seek properties that will maintain their value over time.
Perfect Property: Making Informed Decisions
Follow these tips to choose accommodations that complement your travel style and help you get the most out of your trip:
Seek Out Amenities That Match Your Plans
If relaxation is the goal, seek a property with amenities like a hot tub, pool, or panoramic views from a balcony or patio. For an active getaway, look for cottages near the slopes or beach houses with access to water sports. If you’ll be sightseeing in a city, opt for a central location near public transportation and walking distance to attractions.
Read Reviews From Previous Guests
Reviews from other travelers who’ve stayed in a property are sources of insider information. Pay attention to recent reviews that give a portrayal of current property conditions. Look for red flags like reports of maintenance issues, noise problems, uncomfortable beds, or misleading listing photos. Positive reviews describing friendly hosts, clean quarters, and amenities as advertised indicate a property well-suited to your needs.
Communicate Expectations Clearly
Share your planned arrival and departure times, so that the host can make arrangements. Mention any special requests like accessibility requirements. Ask about amenities not listed like Wi-Fi speed, parking, or pet policies. Discuss how you’ll receive check-in info and access instructions. Establishing open communication and alignment with your host ensures a smooth stay.
Living Like a Local, Wherever You Go
By reflecting on your travel habits and preferences, you can select the type of vacation home that complements your unique globetrotting style. With so many options now available, you can find a home away from home tailored to the trips you love to take.
