The idea is simple; you own a home in New York, and you would like to vacation in Barcelona. Somebody in Barcelona owns a home and would like to vacation where you own a home. You both connect and agree to stay at each other’s home for a pre-determined length of time.
In theory, this sounds very simple and an easy way to get free vacation accommodation. However, in practical terms, the idea of being able to match these two parties up and having the homes free at a specific time and date is not as easy as it may sound.
Even worse, you may have no idea what the property is really like. Would you be happy swapping your plush New York penthouse for a run-down studio in a sketchy neighborhood?
This is where 3RD Home comes into the picture. The world’s most luxurious home swap site.
THIRDHOME: The Airbnb For the Rich and Famous
3RD Home is a luxury private luxury travel club for second homeowners. The idea is like many other home swap sites with two main differences.
The first difference is when you allow other members to book a stay in your home, you earn a type of digital currency known as keys.
Once you have earned keys, you can then use them to book stays at some of the most luxurious homes in the world. Along with the keys, there is also an exchange fee. The fee varies according to the number of keys earned.
The bigger the property and the more exclusive, costs more keys, likewise the bigger your home, the more keys you will earn.
The second difference is that 3RD Home only lists high-end luxury homes in some of the most stunning and sought-after locations in the world.
According to the 3RD Home website “To be accepted into our club, members’ properties must be located in a desirable location with quality furnishings, appointments, and amenities”
If you do decide to enter this exclusive club, there is a vetting process to ensure members are in good standing and they own the home.
Types of Homes Available
To be accepted into 3RD home you must own a second home with a value of at least 500k. A panel decides if your home is good enough to be a part of the club. They will also consider the location, amenities, and desirability among other factors.
If you are accepted, you will be given access to the internal marketplace where there are nearly 5,000 homes on offer. All the homes on 3RD Home have a combined value of around $10 billion with the average worth around $2.5 million.
The marketplace contains many homes that are individually worth up $20 million. There is even a safari in a private reserve on a 20,000-acre estate in South Africa, which comes with its own private security.
If you are not too keen on wildlife and would prefer something a little chic, there is a 5-bedroom villa in France with sweeping views of the Durance river.
What is it Like to Use 3rd Home
Reviews from members are overwhelmingly positive. The process of booking your stay is seamless, and you can stay at a huge amount of available properties for as little as 4 keys.
They feature homes from all over the world, so there is something to cater to all tastes. Members also have the opportunity to book fully serviced clubs and resorts that are part of the program.
Upon arrival at the home you have booked, the property manager will normally greet you and provide a tour. There will also be information provided on how everything works for you to feel right at home.
If you own a second home you feel can make the grade, 3RD Home certainly presents a very attractive offer.
The startup fees are small.
According to 3RD Home, some members have reportedly saved between $100,000 – $200,000 using the internal marketplace, because they never need to book hotels or villas.
There is also the security aspect, as all of the homeowners are vetted, and this option may be more favorable than using a site like Airbnb.
This exchange program is so popular they reached a milestone of 10,000 properties in their portfolio, earlier in 2018.
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