20 types of vacation homes [plus, tips on how to choose one]

headshot of writer Tony Huynh
Tony Huynh
November 20, 2024
A luxury vacation home with a pool and deck.
With a blend of comfort and privacy, vacation homes are tailor-made for creating lasting memories with family and friends. However, with so many types of vacation homes available, choosing the right one may feel overwhelming at first. Our guide explores the 20 most popular vacation home options, reveals their pros and cons, and offers helpful tips to navigate your search.

1. Condominiums 

Best for: Groups, first-time vacation home buyers, urban getaways
A photo of a luxury condominium, one of the many types of vacation homes.
Condominiums are multi-family units within a larger building. Condos are a convenient, relatively low-maintenance option and may feature luxury amenities like pools, fitness centers and security precautions. Consider a condo if you're looking for a vacation home in a city or easy access to urban attractions.
ProsCons
Multi-family units may be more affordableNeighbors may share a wall
Low maintenanceHOA restrictions are common
Security features may include gated entryNot ideal for large groups

2. Villas

Best for: Multi-generational vacations, luxurious stays, nature lovers
A photo of a luxury villa, one of the many types of vacation homes.
Villas are typically larger, freestanding homes offering ample space and privacy in a tranquil or tropical setting. They often boast world-class features like private pools, stunning views and expansive gardens. A villa’s luxury interior design may feature multiple indoor and outdoor areas to lounge in, all while embracing the surrounding natural environment.
ProsCons
Spacious and privatePotentially higher costs
Luxurious amenitiesOften in remote locations
Stunning locationsPotentially more maintenance due to proximity to nature

3. Cottages

Best for: Romantic getaways, cozy retreats, budget-conscious travelers
A photo of a luxury cottage, one of the many types of vacation homes.
Cottages offer a charming escape for those seeking a simpler, more intimate vacation experience. These quaint dwellings often feature fireplaces and rustic decor. This type of accommodation is ideal for couples or small families looking to get away from the hustle and bustle of city life and spend quality time together.
ProsCons
Often affordable year-roundSpace is tight
Typically nestled somewhere peacefulFewer amenities may be available
Perfect for creating memories togetherRemote locations may require a car

4. Cabins

Best for: Nature lovers, rustic adventures, off-the-grid experiences
A photo of a luxury cabin, one of the many types of vacation homes.
A cabin serves as the perfect mountain getaway. Cabins are usually located in forest settings and some have sustainable design for off-the-grid use. You’ll likely be close to outdoor activities like hiking, mountain biking or bird watching. A cabin is a great option for those who want to enjoy a comfort level above camping while still having nature at your doorstep.
ProsCons
Easily immerse yourself in natureSpace is tight
Often pet friendlyFewer amenities may be available
A comfortable version of campingBugs may be more common

5. Chalets

Best for: Winter vacations, ski trips, large groups
A photo of a luxury chalet, one of the many types of vacation homes.
Chalets are quintessential modern mountain homes inspired by Swiss architecture. Built for snowy climates, they feature recognizable steeply pitched roofs with wide, overhanging eaves that shed snow effectively. These cozy dwellings are ideal for winter vacations and enjoying stunning mountain vistas — making them perfect for hosting a ski trip.
ProsCons
Perfect for enjoying winter sportsMay be too expensive for small groups
Scenic views are usually abundantMay be inaccessible during heavy snowfall
Good for groupsPotentially higher heating costs

6. Single-family homes

Best for: Families, large groups, flexibility for renovations and customization
A photo of a luxury single-family home, one of the many types of vacation homes.
Single-family vacation homes are the best type of house for people who value privacy and space. This option offers a true home-away-from-home experience with potential amenities like a garage and backyard. Perfect for large families or groups traveling together, single-family homes provide the freedom to come and go without sharing walls or common areas with neighbors.
ProsCons
Buyers can often customize with easeHigher maintenance costs
Ample amounts of spaceProperty taxes and insurance
Vacationers don’t share wallsMay be located in the suburbs, far from urban areas and things to do

7. Beach houses

Best for: Sun and water enthusiasts, families with children
A photo of a luxury beach house, one of the many types of vacation homes.
Beach houses offer the quintessential coastal retreat, putting you steps away from the sand and surf. Imagine waking up to the sound of crashing waves, spending your days sunbathing and enjoying breathtaking sunrises or sunsets. A beach house is perfect for families with children or water enthusiasts who want to indulge in water sports like surfing, kayaking or paddleboarding.
ProsCons
Easy beach accessExposed to storms
Perfect for on-the-water activitiesHigh demand may lead to higher price
Water viewsMay attract sand erosion

8. Lake houses

Best for: Water lovers, fishing trips, peaceful retreats
A photo of a luxury lake house, one of the many types of vacation homes.
A lake house can be a waterfront oasis or close to a freshwater lake. If you’re seeking a tranquil vacation experience surrounded by nature, look no further. Lake houses are perfect for those who want easy access to the water from a private dock. They also provide a peaceful retreat for those seeking relaxation and a deep connection with nature.
ProsCons
Ideal for boating and fishingPotential algae blooms
Easy access to water activitiesPlenty of maintenance considerations
Potential for a private dockMay not have access during the winter

9. Mansions

Best for: Extended family visits, extravagant gatherings, an abundance of space
A photo of a mansion, one of the many types of vacation homes.
Mansions are arguably the most luxurious type of vacation property available. They are perfect for large families who need lots of space, grand celebrations or those seeking a high-class vacation experience. These estates boast expansive living areas, multiple bedrooms and bathrooms, and lavish features like wine cellars, home theaters and game rooms.
ProsCons
Unmatched luxuryExtremely high cost
Loads of spaceLoads of space to clean
Perfect for entertainingPotentially limited availability

10. Townhomes

Best for: Urban adventures, first-time vacation home buyers, young couples
A photo of a luxury townhome, one of the many types of vacation homes.
Townhomes blend condo-style living with the feel of a single-family home. These multi-story residences share one or two walls with neighboring units but have their own private entrances and, often, small yards or patios. Townhomes are great for vacationers seeking an urban escape with easy access to restaurants, shops and attractions. They can also be a good option for first-time vacation home buyers due to lower price points compared to detached single-family homes.
ProsCons
Frequently situated in walkable urban areasShared walls
Low-maintenance livingPossible HOA restrictions
Access to shared amenitiesMinimal outdoor space

11. Apartments

Best for: Short stays, budget-conscious travelers, city exploration
A photo of a luxury apartment, one of the many types of vacation homes.
An apartment is a convenient and affordable option for shorter vacations in cities or neighboring suburbs. You will often find these multi-family units within large complexes. They provide basic living amenities and a place to rest your head after a day of exploring. Apartments come in many styles, containing both luxury and budget-friendly vacation accommodations.
ProsCons
Budget-friendlyLess privacy
Prime locationsFewer amenities
Minimal maintenanceRent may go up

12. Studios

Best for: Solo travelers, short stays, budget-conscious adventurers
A photo of a luxury studio, one of the many types of vacation homes.
Studios are compact living spaces with affordability as its biggest perk. They are often in prime urban locations that put you steps away from the action. Plus, with minimal cleaning required in a single space,  travelers can maximize their time exploring a destination. 
ProsCons
Very affordableVery limited space
Prime city locationsLack of privacy if sharing
Low maintenanceLimited amenities

13. Timeshares

Best for: Travelers who frequent the same destination, families who need kids clubs
A photo of a luxury timeshare, one of the many types of vacation homes.
Owning a timeshare at a specific resort usually ensures you'll have a place to stay during your preferred travel week, year after year. This can be a good option for families who return to the same location every year, especially if the timeshare offers desired amenities like pools, kids clubs or on-site restaurants. 
ProsCons
Guaranteed accommodationsLimited flexibility
Little maintenance necessaryOngoing costs
Plenty of amenities and activitiesPotential resale challenges

14. Short-term rentals

Best for: Flexible travelers, getting a variety of locations, experiencing a local area
A photo of a short-term rental, one of the many types of vacation homes.
Short-term rentals come in a wide array of options, and you can book multiple places depending on your itinerary and proximity to daily activities. This flexibility allows you to find the perfect types of vacation rentals for your needs and budget in almost any location, providing a more customizable vacation experience. Staying in a short-term rental may feel more immersive than a hotel or other multi-family unit accommodations. 
ProsCons
Variety and flexibilityVariable quality 
Range of pricesPotential for hidden fees
Easy to book onlineUncertain availability

15. Aparthotels

Best for: Extended stays, travelers who like hotel amenities with a homey feel
A photo of an aparthotel, one of the many types of vacation homes.
Aparthotels, or condotels, are a hybrid solution for travelers who crave both hotel amenities and the space of an apartment or condo. They allow guests to enjoy housekeeping services and on-site restaurants like a hotel while also having the comfort of a separate living area, kitchen and bedrooms in a multifamily unit.
ProsCons
Hotel amenities and servicesHigher cost than apartments
Apartment-style livingFewer amenities than traditional hotels
Easy to book onlineCookie-cutter aesthetic

16. Lodges

Best for: Nature enthusiasts, adventure seekers, social travelers 
A photo of a lodge, one of the many types of vacation homes.
Lodges are full of rustic charm and a sense of remoteness, perfect for those seeking an escape into nature. Many lodges provide staff-guided adventures and excursions, allowing you to fully immerse yourself in the natural environment. The communal atmosphere of lodges fosters social interaction with fellow travelers, creating a unique opportunity to share stories and experiences while vacationing.
ProsCons
Immersion in natureRemote locations
Social atmosphereLimited privacy
Excursions availableSocial settings may not suit families

17. Bungalows

Best for: Budget-minded travelers, couples, small families
A photo of a bungalow, one of the many types of vacation homes.
Bungalows are single-story dwellings known for their compact size and charm. They offer a cozy, affordable option for couples or small families who want to share a small space. The simple layout with minimal living space encourages quality time together. You will often find bungalows in beach towns or scenic locations, providing a relaxing atmosphere close to nature.
ProsCons
A sense of intimacy and togethernessMight be unavailable in urban areas
Often found in charming beach townsMay be difficult to find a new model
Budget-friendlyLimited space

18. RVs

Best for: Adventurous travelers seeking freedom and flexibility, road trip enthusiasts
A photo of an RV, one of the many types of vacation homes.
RVs, or recreational vehicles, are the poster child of travel flexibility while vacationing. They come in various sizes and offer a range of amenities, from basic campervans to luxurious motorhomes. This allows you to customize your experience and choose a vehicle that satisfies your vacation needs. RV parks can provide convenient overnight locations with amenities like hookups for electricity and water.
ProsCons
Ultimate flexibilityCampsite unavailability
Variety of optionsDriving requirements
Doubles as a vehicleRoutine maintenance 

19. Houseboats

Best for: Nature lovers who enjoy waterfront living, families seeking adventure
A photo of a houseboat, one of the many types of vacation homes.
Houseboats are a great way to vacation on lakes and rivers. Cruise waterways in some of the country's most relaxing vacation destinations. Houseboats generally come equipped with all the amenities you need for a comfortable stay, including a small kitchen, living area, bathroom and potentially multiple bedrooms. Drop anchor at a nearby marina to explore coastal towns whenever you miss solid ground.
ProsCons
Waterfront livingLimited availability
An unforgettable vacationOperating challenges
Doubles as a vehicleUnique maintenance responsibilities

20. Unusual homes

Best for: Thrill seekers, those wanting a unique vacation
A photo of an unusual home, one of the many types of vacation homes.
Unusual homes represent a chance to stay in one-of-a-kind or quirky accommodations, from tree houses nestled in a forest to converted windmills and traditional yurts. These unique properties provide an unforgettable experience and a chance to connect with nature in an innovative or time-honored way. This vacation home option is perfect for avid travelers who want to try something new.
ProsCons
Unforgettable experienceVariable amenities
Available worldwidePotentially remote locations
Try something newGenerally higher costs

Tips for choosing a vacation home type

Here are some key factors to help you narrow down your search and find your perfect vacation housing.
A flowchart helps you choose the best type of vacation home for your needs.

Be clear on its intended use

Imagine how you will use the vacation home. Large families may prioritize spacious layouts with multiple bedrooms and bathrooms. Empty nesters, however, might prefer a cozy cottage or bungalow. Consider whether you'll be hosting extended family or friends or if it's primarily for solo adventures or couples' retreats.

Consider your budget

Look beyond the cost of buying or renting the home. Factor in ongoing costs like mortgage payments (if financing), insurance, property taxes, utilities, maintenance and potential HOA fees. Consider how much you're realistically comfortable spending and choose a property type that aligns with your budget.

Calculate travel logistics 

Think about how you'll get to and from your vacation home. Consider travel costs like gas and flights, travel time and ease of accessibility. If easy access to restaurants and attractions is important, prioritize central locations. For a secluded escape, consider a more remote cabin or beach house.

Decide how remote you want to be

Understand what sacrifices you’re willing to make to unplug. Remote locations offer tranquility and privacy but may have limited services or require longer travel times. On the other hand, urban or suburban vacation homes provide convenience and proximity to shops, restaurants and entertainment — but these options may come with more noise and less seclusion.

Determine if you’ll rent it out

Consider offsetting ownership costs by renting out your vacation home. Some properties, like condos or beach houses, may have better rental potential than others due to their year-round availability. Research local rental regulations and consider the ongoing management responsibilities before purchasing.

Ready to find the best vacation home?

With so many types of vacation homes available, there are sure to be a few options that best suit your and your loved ones' needs. Beyond the initial excitement, however, the prospect of managing and maintaining your vacation home on your own may feel daunting.That's why second home co-ownership is an exciting alternative for vacationers. Pacaso allows you to experience all the benefits of owning a luxury vacation home without having to pay the full cost of the property or deal with maintenance and upkeep. By sharing ownership with a qualified group of buyers, you gain access to your dream property while splitting the ongoing expenses and responsibilities.Explore our listings to find a dream home in your happy place.

Types of vacation homes FAQ

01: What counts as a vacation home?

A vacation home is any dwelling you own or rent to spend leisure time away from your primary residence.

02: What are small vacation homes in the country called?

Small vacation homes in the country can be called cottages, cabins or bungalows. The answer depends on where they are located and their design elements.

03: Which type of vacation home is the most affordable?

Studios and apartments are generally the most affordable vacation home options.

04: What’s a holiday home?

A holiday home is another term for a vacation home.

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