Funds to do more.
Release some of the value tied up in your house and create room for what comes next.
Hold & Release
Keep your place.
Keep your place.
Release your equity.
You do not need to sell the whole house to change how you own it. Sell part of your holiday home, keep owning and enjoying it, and let Heimkoma handle the management.
Húsafell · Illustrative image from Heimkoma's portfolio, not a property offered through Hold & Release.
The same place. New possibilities.
Still your place.
Keep 1–4 shares and enjoy 6–24 weeks a year in the place you love.
Less to manage.
Heimkoma handles operations, maintenance and daily management. You have more time to enjoy.
You sell 4–7 of the eight 12% owner shares and keep the rest. At completion, Heimkoma receives 4% and the property becomes a Single-property community.
Your house. Your numbers.
What could you release?
Two inputs. See what you could sell and what you would retain.
Estimated sale proceeds—
Enter your details to see your example.
—owned by you
- Shares sold
- Your retained ownership
- 4% to Heimkoma at completion
—
—Estimated value of your retained share
Sale proceeds first repay any loans secured on the house before the balance is paid out. The calculation is before costs and taxes.
An illustration, not an offer. Prices and sale conditions are confirmed in the agreement. Usage follows booking rules and is pro-rated in the first year.
Four options. The same house.
| Shares for sale | Sale proceeds | Shares retained | Ownership retained | Weeks per year | Select option |
|---|
From idea to a new arrangementStep by step.
Step by step.
With you throughout.
Hold & Release is the route into a single-property community. We shape the process around your house and your goals.
- 01
Your house, your goals
We discuss your circumstances, wishes and key property details.
- 02
Assessment & H-Class
We inspect the property, assess its value and plan any necessary upgrades.
- 03
A clear agreement
You approve the price, sales period and minimum and maximum number of shares for sale.
- 04
A buyer group forms
We market the property and collect conditional commitments from buyers.
- 05
Coordinated completion
Payments, signatures, ownership transfers and entry into Heimkoma's management are coordinated.
Your minimum matters.
If your agreed minimum is five shares, sales of five shares must be secured before completion. The minimum concerns shares, not the number of buyers. If it is not reached within the agreed period, the arrangement will not proceed unless an extension is agreed.
Timing depends on the property, preparation and demand. Sale and handover dates are not guaranteed in advance.
Heimkoma's H-ClassYour house.
Your house.
Ready for its next chapter.
We review the house's quality, equipment and condition together. The aim is a well-equipped home that everyone can arrive at and enjoy.
Repairs identified.
You, as the seller, are responsible for agreed preliminary repairs.
Upgrades agreed together.
The wider H-Class upgrade is costed before the sales process begins. Your agreed contribution is deducted from sale proceeds at settlement.
New ownership begins.
First-year use is pro-rated from completion. Actual handover and the opening of bookings depend on when upgrades are finished.
Life after the saleYou own. You enjoy.
You own. You enjoy.
We take care of the rest.
Your retained share remains yours. You choose how to use your days within Heimkoma's rules.
For each share you retain.
Each 12% share provides 42 days per year. Book your stays under the shared booking rules.
Bookings & rulesWhen you do not use all your days.
Allocate some of your days to Rental Days. Heimkoma manages rentals under the applicable terms. Rental income and occupancy are not guaranteed.
Explore Rental Days
THIRDHOMEYour place here.
Your place here.
More places abroad.
Use weeks for home exchanges under membership and booking terms. Availability, approval and fees determine which stays are offered.
Explore ThirdHome Illustrative image. Availability varies.Good to know before decidingClear answers.
Clear answers.
A sound decision.
We review the agreement, costs and usage with you before anything is decided.
Let's discuss your houseWhat do I retain, and how long can I stay?
You retain 1–4 of eight owner shares. Each share is 12% and provides six weeks, or 42 days, per year under the booking rules. First-year use is pro-rated from completion. Days are not pre-selected weeks. The eight owner shares total 96%; Heimkoma receives the remaining 4% at completion.
Is selling four shares enough?
Only if four is the agreed minimum for your property. You set the minimum and maximum in the initial agreement, within 4–7 shares. If the minimum is five, sales of five shares must be secured. This concerns the number of shares, not an equal number of individual buyers. If the minimum is not reached within the agreed sales period, the arrangement does not proceed unless an extension is agreed.
How do payment and completion work?
Payments, signatures and ownership transfers are coordinated at completion. The property must be debt-free at completion, and sale proceeds first repay loans secured on it. Agreed costs are settled before the remaining balance is paid out. Heimkoma receives its 4% share at completion, not when marketing begins. Actual handover and the start of bookings also depend on the upgrade schedule.
Who pays for the H-Class upgrade?
The seller is responsible for agreed preliminary repairs. The wider upgrade is costed before the sales process, and the seller's agreed contribution is deducted from sale proceeds. Working documents allocate upgrades across eight owner shares. This is a working assumption requiring contractual confirmation, not a final legal or tax conclusion. This cost is not included in the calculator.
What monthly costs apply to my shares?
All owners, including the original owner, pay from completion. Each owner share bears one eighth of actual shared running costs and property reserve contributions. Heimkoma handles administration, bill payments and maintenance under the agreement.
Multiple-share discounts apply only to Heimkoma's administration fee: the first share pays 100% of the base fee, the second 60%, the third 40% and the fourth 25%. No such discount applies to actual running costs or property reserve contributions. The applicable fee schedule and operating budget accompany the agreement.
Do I have special priority as the original owner?
No. The same booking rules apply to all owners. You have neither special booking priority nor a special right to buy back shares sold by others.
Can I sell my shares later?
Yes, under the applicable transfer terms. Shares you retain at formation are not covered by the agreed 18-month repurchase arrangement for new buyers. That arrangement is subject to the buyer agreement and is not an unconditional payout at a guaranteed price. On a later transfer, the new buyer's rights depend on the applicable buyer terms.
Who pays the 0.8% joining and administration fee?
The new buyer pays a 0.8% joining and administration fee on the initial purchase and subsequent transfers under the fee terms. It is not an additional seller deduction in the calculator. The calculator also does not deduct Heimkoma's 4% share a second time.
Can I use Rental Days or ThirdHome?
Yes, within Heimkoma's applicable rules and terms. Heimkoma manages Rental Days, but rental income is not guaranteed. ThirdHome exchanges depend on membership, approval, availability, booking terms and fees.
The next chapter starts with a conversation
Let's explore this together
Tell us about your house and what you hope to achieve. We will explore the options with you.
Your calculation accompanies the enquiry.
The calculator inputs are included automatically. Hörður will review your enquiry. You will not be automatically subscribed to a newsletter.
hordur@heimkoma.app