If you hate staying in hotels and are keen to slash accommodation costs on your next holiday, house sitting could be just for you.

In this guide, financial site loveMONEY explains everything you need to know about this increasingly popular trend.

What is house sitting?

It involves looking after someone’s home, possessions or even pets while they are away for weeks or months at a time.

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What’s in it for the homeowner?

There is also the benefit of having someone around to deter squatters, burglars and other would be intruders, to mow the lawn, fix any problems as they arise, tackle burst pipes and maintain the swimming pool.

In short, keep the place, including vehicles ticking over nicely.

Also, using a house sitter can get around certain home insurance issues, as some policies become invalidated if the property is left unoccupied for extended periods.

Why become a house sitter?

There is no shortage of plusses for house sitters, too.

First and foremost there is the free accommodation, which could be anything from a suburban semi just round the corner to a palatial mansion just off Hollywood Boulevard or a Tuscan villa with its own vineyard.

In short, the kind of place you could only otherwise dream of staying at.

As a house sitter, you’d have the run of the place, get to immerse yourself in the neighbourhood and experience life as only a local can.

With housesitting no money changes hands. You aren’t paid directly for your services and don’t pay utility bills.

In many cases, the only significant outlays are the cost of travelling to and from the property, and groceries.

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Something for everyone

Housesitting used to be seen as a job for retired people with a penchant for travel and both the time and money to take off for weeks and months at a go.

However, it’s fast becoming popular with younger people.

Angela Laws, social media manager at Trusted HouseSitters, said: “We’re getting around 100 new properties a week that need a sitter, and increasingly in places such as Fiji, India, Goa and Costa Rica.

“House sitting appeals to people who can work from anywhere there is a reliable internet connection.

“We’re also seeing a lot of people using housesitting in specific places as a way to dip their toes in the waters, before taking the plunge and relocating there for good.”

Students without any ties may consider it a viable way to fund a gap year, while teachers could see it as a cheap way to make the most of their long summer holidays.

Other people may earn an income by renting out their own home, or use house sitting as an alternative to renting in order to save for a house deposit. 

For many house sitters it’ll be something they do for a spell, before returning to settle down, get a mortgage and start a family, but for some it can become a way of life.