Traveling overseas can be an exciting adventure, but the cost of accommodation can quickly add up. However, if you have overseas real estate, you can take advantage of this asset to travel for free or at a reduced cost. Here are some tips on how to travel free when having overseas real estate.
- Rent out your property
Renting out your overseas property when you’re not using it is an excellent way to make some extra income and cover your travel expenses. There are several platforms where you can list your property, such as Airbnb, HomeAway, and VRBO. These platforms allow you to rent out your property for short periods, which means you can use it when you want to travel and rent it out when you’re not there.
Make sure you set a competitive price for your property, so it attracts potential renters. You should also keep your property in good condition and provide all the necessary amenities to ensure your guests have a comfortable stay.
- House swap
Another way to travel for free when you have overseas real estate is by swapping homes with someone else. House swapping is a great way to experience a new country or city without spending a lot of money on accommodation. There are several websites where you can find people who are interested in house swappings, such as Love Home Swap and HomeExchange.
To make sure you find the right house swap partner, make sure you do your research and communicate with them before finalizing the agreement. You should also ensure that your property is in good condition before agreeing to a swap.
- Use your property as a vacation home
If you have an overseas property that you don’t use frequently, consider using it as a vacation home. This way, you can save money on accommodation when you travel and also earn some extra income by renting it out when you’re not using it.
You can also use your property as a base for your travels, which means you can explore the surrounding area without worrying about accommodation costs.
- Take advantage of loyalty programs
If you travel frequently, make sure you take advantage of loyalty programs offered by airlines and hotels. These programs can help you save money on flights, hotels, and other travel-related expenses. You can also earn rewards points by using a credit card that’s linked to a loyalty program.
To maximize your rewards points, make sure you choose a credit card that offers rewards for your travel expenses, such as flights, hotels, and car rentals. You should also sign up for loyalty programs offered by airlines and hotels you frequently use.
In conclusion, having overseas real estate can be an excellent way to travel for free or at a reduced cost. By renting out your property, house swapping, using it as a vacation home, and taking advantage of loyalty programs, you can save money on accommodation and make your travels more affordable.