{"id":26693,"date":"2023-09-15T19:05:13","date_gmt":"2023-09-15T17:05:13","guid":{"rendered":"https:\/\/langasjonas.com\/?page_id=26693"},"modified":"2024-02-02T00:17:58","modified_gmt":"2024-02-01T23:17:58","slug":"1-specification-rental-income-10-20-years-with-renovation-c-cottage","status":"publish","type":"page","link":"https:\/\/langasjonas.com\/en\/1-specification-rental-income-10-20-years-with-renovation-c-cottage\/","title":{"rendered":"1 – Specification rental income 10 – 20 years – with renovation – C Cottage"},"content":{"rendered":"\t\t
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THE LAKE PROJECT <\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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1 - Specification rental income 10 - 20 years<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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On small screens, you may need to swipe your finger to see the whole table.<\/em><\/h3>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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When you renovate your cottage, rental income will increase because of three reasons:<\/h3>\n
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  1. \n

    We will increase the rental price (per day) of your cottage with approximately an extra 20% after external renovation and with an extra 30% after internal renovation.<\/h3>\n<\/li>\n \t
  2. \n

    The number of days in the year that your cottage can be rented out will increase, because we can rent out your cottage 12 months per year (against 7 months with a non-renovated cottage) and because of the larger target group that seeks after more modern vacation housing.<\/h3>\n<\/li>\n \t
  3. \n

    Your share of the rental income will increase from 50% to 60%, after completing both external and internal renovation.<\/h3>\n<\/li>\n<\/ol>\n

    Below we calculate for you what the rental income will be for, again, a 349 000 SEK cottage while spending 2 weeks of vacation in your cottage in July and 1 week in October. But now with the following renovation scenario: exterior renovation of the cottage completed by end 2025 and an interior renovation completed by end 2027.<\/h3>\n

    Obviously, this means we start in 2024 and 2025 with the rental income of a non-renovated cottage,<\/h3>\n

    so in these two years the rental income is the same as in our example for a non-renovated cottage. Please note that in our calculation we have not included the positive effect of being able to rent out your cottage more days per year (b), as we do not have historical data to assess this effect and we prefer to err on the save side. This means that the calculations below are conservative.<\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    RENTAL INCOME 2024 – 2033 (10 YEARS)
    Rental income is inflation corrected annually by 2% per year<\/div><\/div><\/div><\/th><\/tr><\/thead>\n\t\t\t\t\t\t\t\t
    100% rental income (SEK)<\/div><\/div><\/div><\/td>
    50% rental income owner (SEK) \/ Period 2024 – 2027<\/div><\/div><\/div><\/td><\/tr>
    2024<\/div><\/div><\/div><\/td>
    95 000<\/div><\/div><\/div><\/td>
    Rental income for non renovated cottage 2024 – 2025<\/div><\/div><\/div><\/td><\/tr>
    2025<\/div><\/div><\/div><\/td>
    96 900<\/div><\/div><\/div><\/td><\/tr>
    2026 (1)<\/div><\/div><\/div><\/td>
    118 218<\/div><\/div><\/div><\/td>
    (1) Exterior renovation completed in 2025 = +20% higher rental price in 2026 and 2027.<\/div><\/div><\/div><\/td><\/tr>
    2027<\/div><\/div><\/div><\/td>
    120 582<\/div><\/div><\/div><\/td><\/tr>
    TOTAL<\/div><\/div><\/div><\/td>
    430 700<\/div><\/div><\/div><\/td>
    215 350<\/div><\/div><\/div><\/td>
    50% x 430 700 = 215 350 SEK <\/div><\/div><\/div><\/td><\/tr>
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    60% rental income owner (SEK) \/ Period 2028 – 2033<\/div><\/div><\/div><\/td><\/tr>
    2028 (2)<\/div><\/div><\/div><\/td>
    159 168<\/div><\/div><\/div><\/td>
    (2) Interior renovation completed in 2027 = +30% higher rental price and 10% increase in owner’s share of rental income (from \n50 % to 60 %), as of 2028.\n<\/div><\/div><\/div><\/td><\/tr>
    2029<\/div><\/div><\/div><\/td>
    162 351<\/div><\/div><\/div><\/td><\/tr>
    2030<\/div><\/div><\/div><\/td>
    165 598<\/div><\/div><\/div><\/td><\/tr>
    2031<\/div><\/div><\/div><\/td>
    168 910<\/div><\/div><\/div><\/td><\/tr>
    2032<\/div><\/div><\/div><\/td>
    172 288<\/div><\/div><\/div><\/td><\/tr>
    2033<\/div><\/div><\/div><\/td>
    175 734<\/div><\/div><\/div><\/td><\/tr>
    TOTAL<\/div><\/div><\/div><\/td>
    1 004 056<\/div><\/div><\/div><\/td>
    602 433<\/div><\/div><\/div><\/td>
    60% x 1 004 056 = 602 433 SEK<\/div><\/div><\/div><\/td><\/tr>
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    57.0% total average rental income owner (SEK) \/ Period 2024 – 2033<\/div><\/div><\/div><\/td><\/tr>
    TOTAL<\/div><\/div><\/div><\/td>
    1 434 756<\/div><\/div><\/div><\/td>
    817 810<\/div><\/div><\/div><\/td>
    57% x 1 434 756 = 817 810 SEK<\/div><\/div><\/div><\/td><\/tr><\/tbody>\n\t\t\t<\/table>\n\t\t<\/div>\n\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    When a total renovation is done, the renovation costs are estimated to be somewhere around 900 000 SEK – 1 000 000 SEK. This is the amount we paid for the total renovation of our (show model) cottage S13:<\/h3>\n