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Iceland in early August—1 or 2 home bases

I am in the very early stages of planning an active trip in Iceland for 2020. We are primarily interested in hiking, and not in ice caves, boat rides, ATV tours, etc. We will likely start with a 6- or 7-day guided hiking trip, and then stay another week or so in 1 or 2 homes arranged through HomeExchange.com, with a rental car. This is where I would like some help: choosing the locations.

I have the RS Iceland guidebook and one other, and will start reading diligently. I will also study the Iceland forum on TripAdvisor, where I can usually find some good information from helpful locals. But I would also like to hear what people here who have been to Iceland would suggest. There appear to be quite a few exchange possibilities all over the island. If you could choose two ideal location for 3 nights each, what would they be? Or stay in one place for a week?

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