If you’re considering making a few changes to your property but aren’t entirely sure if it’s worth it, then you may be in luck. Rightmove has introduced a new feature designed to help homeowners and potential buyers understand how much value existing or planned renovations could add to a property.
The Renovation Calculator is an upgrade to Rightmove’s existing Instant Online Valuation tool. After receiving an instant valuation of a property, users now have the option to input details of completed or planned renovations to see how these might impact the property’s overall value.
The goal is to provide homeowners, sellers, and buyers with a clearer estimate of how much value specific renovation projects, like loft conversions or single-story extensions, might contribute to the property.
Rightmove developed the Renovation Calculator based on feedback from users who wanted to understand the potential value increase from home improvements they had already completed or were planning. The tool focuses on major renovations that expand the size or functionality of a property, offering a variety of options to choose from.
The Renovation Calculator becomes available to users after they request an instant valuation, giving them valuable insights as they plan renovations or evaluate a property’s worth.
James Bassil, Rightmove’s Director of Product said: “One of the most common questions we received from people using our instant valuation tool, is that they wanted to factor in significant renovation works they had done since buying the home, or that they planned to make in the future. We’re really pleased to utilise our market leading property data to bring people this innovative functionality. We’re clear with home-movers that this is an initial estimate, and agents seeing the property for themselves will be in the best position to consider any additional value added by renovation works. We’ll be continuing to educate home-movers that agents are the experts and in the best position to carry out a comprehensive valuation.”
