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THE LAKE PROJECT

CAN I CHOOSE WHICH COTTAGE I WANT TO BUY?

Yes, you can choose your own cottage among the 40 cottages in our South and North Village. All these are included in the sale. On our website you will be able to see which cottages are still for sale and which have already been sold. The sale starts in August 2023. Of course, it is uncertain how quickly the sales will go and how many cottages will be sold in the coming months. We don’t have a crystal ball, but based on the reactions, we are confident that the sales can go fast. The cottages are sold at fixed prices on a first-come, first-served basis.

CAN I RESERVE A COTTAGE WITHOUT PURCHASE OBLIGATION?

It is possible to reserve a cottage without a purchase obligation. When you are interested in a certain cottage, you can simply ask for a 7-day reservation. This allows you time to think through a possible purchase and maybe through the financial issues. If necessary, the reservation can be extended by 7 extra days if you want to buy but when you need extra time to arrange financing. After these 7 days, the reservation expires, and the cottage can be bought or reserved by other interested parties. If necessary, the reservation can be extended by 7 extra days if you want to buy but when you need extra time to arrange financing.
Remember that you don’t necessarily have to pay the full purchase price. You can even buy the cottage with a 50% payment at purchase and pay the other 50% by means of 48 monthly payments at a 3% interest.

WHEN CAN I GET ACCESS TO MY COTTAGE?

It can go very quickly. After you have written the purchase agreement and the payment has been received, you have access to your cottage.

HOW DO I GET ACCESS TO MY COTTAGE?

You get access to your cottage by simply booking your cottage online, in the same way our guests book a cottage. But before our guests can start booking for the coming year, we will first book all the days and weeks that you yourself want to spend in your cottage. This you will do by sending us an email before October 1st, where you list all the days and weeks you want to spend in your cottage in the coming year.

After October 1st the booking system will then be released to other guests. You can still book extra days and weeks at a later stage in case you are not sure about when you would like to spend time in your cottage, or when you just spontaneously decide to spend time in your cottage. You can even book your cottage today and come tomorrow, provided that your cottage is not already booked by a guest. In case your cottage is booked by a guest on a certain day or week, in which you yourself would like to spend time here in Långasjönäs, you can always decide to book one of the other 40 cottages instead.
When checking in, you pick up the keys in the reception, just like any other guest. Everything goes through the reception, where we have control over check-outs, check-ins, as well as cleaning and checking of the cottages.

IS THE RENTAL INCOME TAXED?

In most cases no taxes need to be paid on the rental income, as the amount of income is most times less than the tax threshold (see example below). But because each country has different tax regulations, it is recommended to check the tax regulations in your country.

This following only counts for Swedish residents: All rentals via LCS (called an intermediary company), are basically tax free. Only the rental income exceeding SEK 40,000 is taxed and added to your yearly income. Each year, you will receive an annual report from us that shows how much income you have received. This annual overview can be used when you fill in the annual tax return. One example:

PRICE LIST
NORTH VILLAGE
PRICE (SEK)
A. 100% rental income in 2024
90 000
B. 50% rental income for owners
45 000

C. Standard tax deduction
40 000
D. Additional tax deduction (B x 20%)
10 000
E. Total tax deduction (C+D)
50 000

Rental income after tax deduction (B-E)
-5 000
Rental income after tax deduction is minus 5 000 SEK, which means you do not pay any taxes!

When you want to read more about how the Swedish Tax Agency handles rental income, you can read more via the following two links:

DO I HAVE TO RENOVATE MY COTTAGE?

There is no obligation to renovate your cottage. You choose if you want to renovate or not. Keep in mind however that renovating your cottage has many advantages:

  1. Your cottage can be rented out for a higher rental price, meaning more rental income.

  2. We can rent out your cottage more often, as our guests are mostly looking for higher standard accommodation. This will result in more rental income.

  3. We can rent out your cottage year-round, which also means more rental income.

  4. You are creating extra value in your cottage, which for a large part is paying back itself the day you decide to sell your cottage.

  5. Renovation also means creating a higher standard, more comfort, and a more pleasant stay when you yourself are spending time in your cottage.

In order to see the differences in return on investment, please look at our “calculation overview” where we made some calculations for renovated cottages versus non-renovated cottages.

30% ROT DEDUCTION - HOW DOES IT WORK?

The following only counts for Swedish residents: Every Swedish (tax-paying) resident is entitled to an annual ROT-deduction via the Swedish Tax Agency (Skatteverket) up to SEK 50,000 per year. This amount applies per person. If you buy a cottage (or other property) as a couple or cohabitant, both are entitled to this amount.

If you carry out a renovation or rebuild your cottage through a construction company or other registered craftsman, you get 30% of the labor costs paid by the Swedish Tax Agency through ROT deductions up to a maximum of SEK 50,000 per year. If you are two people, this is SEK 100,000. Every year the ROT deduction amount is reset to zero and you can get the full amount again the next year. This ROT deduction will be automatically deducted from your invoice as an additional discount. The company carrying out the renovation or building project, reports this ROT deduction to the Swedish Tax Agency and takes care of the administration. You don’t have to do anything. You will see the amount of the ROT deduction on your invoice.

WHAT RIGHTS DO I HAVE AS THE OWNER OF THE COTTAGE?

When you buy a cottage, you become the sole owner to 100%. When you buy a cottage, you become the sole owner to 100%. If one day you would decide to sell it again, you can sell it again via any broker or via us. As the owner, you also have the first choice in terms of days and weeks you want to spend in your cottage, as explained under paragraph “how many days can I stay in my cottage?” You can spend up to 60 days per year in your cottage, of which 21 days in the high-season period 01.06 – 31.08.

CAN I BUY ONE OF THE PRIVATE F-COTTAGES?

Many have asked us if they can buy one of our F01-F10 cottages. We will sell these cottages too, but no earlier than September 2024 – May 2025. We will keep you updated by means or our website, as well as our mailings.

Before selling these F-cottages, we will first invest around SEK 5 million to connect our cottages F01-F07, as well as Semesterhem, to the municipal water and sewage system, as well as to run fiber to all these cottages. We realize this is a large financial investment, but also extremely important. The current system with sludge wells is old and will need to be replaced at some point soon. By investing in municipal water and sewage, we will have a modern and approved solution for water and sewage. At the same time, we no longer need to empty all the sludge wells, which also costs a lot of money. Even though this investment will cost about 500,000 SEK för each F-cottage, it is a necessary investment, which creates more value to each cottage. We can also run fiber to each cottage within this investment. Last but not least, we can then also rent out all these cottages year-round.

The sale of the F01-F10 cottages will not be sold at a fixed price, but to the highest bidder. Most likely we will have an open timeframe of about 2 months, where we invite everyone who is interested to bid on a specific cottage. These bids will be visible on our website. After two months the highest bidder will be given the opportunity to buy. More information about the sale of these cottages will come later and will be communicated by means of our website and by means of our mailings. As for the rules and conditions by which these cottages will be sold, these will be the same as the rules and conditions which apply when buying one of the cottages in North or South Village.

We are likely to offer a similar option to buy a cottage as we are doing with our cottages in the South and North Village, where the buyer can choose between agreement A (100% payment on the day of purchase) or agreement B (50% payment and 50% monthly payments). We will send newsletters regularly and update the information on the website. So, please keep an eye on our website, and our Facebook and Instagram channels.

CAN I DEMOLISH MY COTTAGE AND BUILD A COMPLETELY NEW ONE?

You have the option of demolishing the existing cottage and building a brand new one, according to the building permit that already exists. We already have a building permit granted by the building committee and we have also built such a new cottage (Holiday Home N01). The building permit costs have already been paid by us and this permit is valid until 2026, so if you would like to build a brand-new Holiday Home of 50 m2, in the same way as Holiday Home N01, you can do so. The permit is approved and paid for, all the drawings are ready, all the documents are there to start building new. You can contact us when you are interested in building completely new.

Our Holiday Home N01 has costed us around SEK 1,6 million in 2022, and in today’s situation with increased inflation, you must count on SEK 1,8 million. This price includes the demolition of the existing cottage, ordering the new home and putting it in place and connecting it to water, sewage, and internet. When including even the extra costs for decorating the cottage with quality furniture, a large terrace, and such, the costs add up to SEK 2,2 million. Before being able to build new, you first need to buy the existing cottage for 349,000 SEK before you can start building your own Holiday Home.

Instead, you might be interested in buying our cottage N01, which is ready build. Price for this cottage (all-inclusive) is SEK 2 450,000, which is quite a bit cheaper than when you would start from zero. After 2026, you can also decide to still build a cottage according to the existing building permit application, but you will then need to pay a small fee to extend the previous building permit application to the building board according to the Karlshamn Municipality’s rate. When you plan to build new, a quote must be granted from our cottage manufacturer Husdröm or Korsliden, who are our partners regarding new construction. Contact details can be obtained from the campsite’s owner. You will receive all construction drawings, floor plans, etc. from us free of charge.

Should you build new, it must be built according to current drawings. It was built by our partner Husdröm (www.husdrom.se). Should you build new, it must be built according to current drawings. You can look at our Holiday Home N01 to see what the Holiday Home should look like. When building this Holiday Home in our South Village, the roof needs to be a traditional gable roof instead of a pulpit roof. You yourself will be responsible for the demolition of the old cottage, as well as planning the construction work. This is done in consultation with LCS, to be sure that everything goes according to current regulations and to reduce/avoid any problems around the entire project. LCS will support you in the best possible way throughout the process.

COOPERATIVE HOUSING OR OWNERSHIP?

Our cottages are not sold via a cooperative association with the right to live in a specific condominium. You are therefore not buying a condominium in a cooperative association, but you are really buying your cottage 100% and you own the cottage for 100%. With us, you own the cottage yourself (right of ownership). However, you do not own the land, which is owned by Karlshamns Municipality, which in turn has given the land under a land rights agreement to Långasjönäs Camping & Stugby. Costs for this agreement are paid for by LCS.