Renovating your home can be a game-changer when it comes to selling in the UK’s competitive property market. But how do you know if the time, effort, and cost of a home renovation will truly add to the property value? Rightmove has introduced a new tool to help you calculate how much value specific renovations could add to your property.
To renovate or not to renovate is a dilemma many property owners face, and there isn’t always a clear answer. In reality, it depends on the quality and relevance of the work. A well-planned and executed home improvement can transform a property and increase its market appeal, yielding a solid return on investment. But if renovations aren’t in line with the local market or are poorly done, the project could end up costing more than it’s worth.
To take the guesswork out of calculating renovation value for homes, Rightmove’s new online renovation calculator provides an instant overview.
How the Renovation Calculator Works
Start by visiting Rightmove’s instant price valuation page. Enter the address of your property, and Rightmove will estimate its current worth. Then, scroll down to access the renovation calculator section.
If you’ve already completed renovations, you can select the relevant improvements to get a refined estimate of your property value. Alternatively, if you’re still in the planning phase, select from renovation options, such as a ground floor extension or a loft conversion, to see how these additions might affect your home’s market price.
Within moments, you’ll have an estimate of how much value specific home improvements to increase property value could add.
Is the Tool Helpful?
The renovation calculator is an excellent starting point, especially if you’re considering renovating your home to enhance its appeal before selling. It provides a quick insight into your home’s current and potential value. However, while useful, it can’t replace the depth of local knowledge that an experienced estate agent offers.
If you’re weighing up whether to invest in a large-scale home renovation that could take months and thousands of pounds to complete, it’s worth consulting a local agent. They can provide insights into what best renovations for property value increase are currently popular in your area, helping you make strategic choices that pay off.
Why Speak to an Estate Agent?
Local agents are experts at understanding what today’s buyers want in terms of finishes, layout, and features, ensuring your home improvements align with market demands. They can give you an updated picture of what specific home renovation projects, like a kitchen upgrade or an extra bedroom, might do for your property value.
Thinking of renovating your home before putting it on the market? Contact us today for a free valuation and a comprehensive market update.
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