Floating homes are a type of housing that is built on a boat or other watercraft. The most common type of floating home is a HOUSEBOAT, which is a boat that has been modified to include living quarters. Yachts are also a type of floating home, but they are typically larger and more luxurious than houseboats. Both types of floating homes offer the same benefits of living on the water, such as access to beautiful views and the ability to explore different areas.