Summary of the Article
What THIRDHOME Is and What It Provides to Luxury Travelers
THIRDHOME is a luxury vacation club designed for individuals with second homes. It offers members exclusive super-luxury home exchanges with other members’ second residences or weekend getaways.
Moreover, THIRDHOME handles all the logistics for minimal membership and transaction fees, allowing members to maximize the utility of their second homes. Consequently, they no longer need to rent a villa when they travel for leisure. As of September 2017, THIRDHOME boasts nearly 10,000 vacation-home properties for its members to choose from.
This service is not complimentary. As of September 2017, THIRDHOME’s initiation fee stood at $2,500. (The company occasionally provides promotions and discounts on memberships and fees.) Each vacation booking incurs an additional charge ranging from $395 to $995 per week, which encompasses administration costs, logistical expenses, insurance, and other necessary arrangements that one would typically handle.
According to Wade Shealy, the Tennessee-based entrepreneur who founded THIRDHOME in 2010, “Second homes are costly assets, requiring 12 months of expense without 12 months of use. THIRDHOME offers members a reliable method to enhance the use of these properties while allowing them to discover some of the world’s most exquisite destinations. It’s all about extracting more value from your property.”
THIRDHOME members enjoy significantly more control over their vacation planning compared to traditional options like luxury villa rentals or fractional ownerships. Additionally, THIRDHOME’s model provides members with total freedom in scheduling. Shealy states, “this ‘buy as you fly’ approach grants customers complete flexibility.”
Unlike standard house exchanges, THIRDHOME members are not required to swap simultaneously with another member. Instead, they designate a specific number of weeks in their own second home. In exchange, they earn “Key credits,” which serve as currency to stay in another member’s property. The more valuable your home, the greater the number of Key credits awarded. There are no restrictions on the number of vacation weeks allowed (though a weekly fee applies to all bookings).
What THIRDHOME’s Vacation Properties Are Like
THIRDHOME maintains high standards and rigorous quality control for its vacation properties. Each listing undergoes thorough scrutiny to ensure it meets suitability guidelines. Moreover, THIRDHOME homes must be elegantly furnished, reflect the luxury members expect, and be located in prime vacation or urban areas. How upscale are THIRDHOME homes? The average property value exceeds $3 million, with many exceeding $5 million.
THIRDHOME properties span 74 countries globally, offering a diverse array of accommodations: beachfront villas, secluded island retreats, ski chalets, grand country homes, urban townhouses, lofts, and penthouses. You can explore THIRDHOME’s available homes.
Additionally, THIRDHOME members can opt for vacation condos in luxury hotels, which include options like the Trump International Hotel & Tower in NYC, The Reefs Hotel & Club in Bermuda, and Esperanza, an Auberge Resort in Los Cabos, Mexico. Furthermore, see more of THIRDHOME’s available hotels.
THIRDHOME has successfully facilitated thousands of home stays, with post-vacation feedback typically indicating high levels of satisfaction among members. Are you curious how THIRDHOME members assess the quality of other homes? In addition to guest reviews, the company provides comprehensive online information and photo galleries to give members a clear understanding of what to expect from each residence, including interior and exterior details, its surroundings, pool, beach, deck, and suitability for kids and pets.
Furthermore, THIRDHOME meticulously selects not only the homes but also their owners. “We pre-screen our members for home quality and personal character before acceptance,” states Giles Adams, THIRDHOME president. “We also require members to maintain good standing to stay in the club.” Typically, THIRDHOME members communicate with the owner of the home they’re considering to address any questions and share details.
For further information about THIRDHOME, visit its website, check the FAQ, engage with their Facebook page, or follow their YouTube channel. Stay connected via Twitter and Instagram, or contact them by phone at 615.933.7600.
