Rightmove launches new Renovation Calculator

September 16, 2024
Rightmove logo

Rightmove has launched a unique new tool to help people explore the added value that existing, or planned renovation works might have on a property.

The new Renovation Calculator is an enhancement to Rightmove’s Instant Online Valuation tool. Once people receive an instant online valuation of a property’s price, they now have the option to add in completed or planned renovation works to that property and see the potential impact on its value.

By combining market leading property data with local renovation uplift data, Rightmove is offering people more in-depth instant valuations, by estimating how much value renovation works may add to a home.

Rightmove’s Instant Online Valuation tool aims to provide existing or future home-movers with an instant estimate of a home’s value, ahead of a more comprehensive agent valuation. It lets people track the home’s value over time and provides regular insights to help them to decide when the right time to move may be.

The development of the Renovation Calculator was carried out following consistent feedback that people wanted to be able to see the potential impact of improvements they had made to a home or planned to make in the future.

People can see the potential value-add of major renovation works that increase the size of the property, such as loft conversions, single-story extensions and many other options available to choose from.

The new tool is available for home-movers to use now after requesting an instant valuation for a home.

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.”

Rightmove

UK Property news updates shared directly from Rightmove PLC - the country's leading property portal.

You May Also Enjoy

Breaking News

Freehold and Leasehold Reform Act-lessees can control their own destiny

Matthew Pennycock, Minister of State for Housing and Planning, has made a Parliamentary Statement regarding the future progress of the Freehold and Leasehold Reform Act 2024. The Government have formally recognised the “significant complexity of the task” and that the legislation was rushed in at the end of the last parliament and as a result…
Read More →
Rightmove logo
Breaking News

Rightmove’s weekly mortgage tracker 22/11/24

The current average asking price of a typical first-time buyer property is £225,340. For someone taking out an average five-year fixed, 85% LTV mortgage, the average monthly mortgage repayment on this type of home is now £1,104 per month if repaying over 25 years, compared with £1,138 per month a year ago (when the average first-time buyer property asking price was…
Read More →
Estate Agent Talk

The Architecture Of Attention Behind Social Media Addiction

In the digital age, social media platforms have revolutionized how we connect, share, and consume information. Behind their sleek interfaces lies a sophisticated architecture of persuasive technology.  These platforms employ intricate design patterns and technical elements to capture and hold user attention. From subtle visual cues to complex algorithmic systems, every feature serves a calculated…
Read More →
Breaking News

2025 Predictions for the Private Rental Sector

Allison Thompson, National Lettings Managing Director, Leaders Romans Group (LRG) “As we approach 2025, the lettings industry is entering a phase marked by stabilisation and opportunity. Rental inflation has slowed to an average of 3-4% for new lets, reflecting the effects of affordability constraints; renters’ budgets are beginning to limit how much rents can rise.…
Read More →
Breaking News

Response to Matthew Pennycook’s Statement on Leasehold Reform

Yesterday, Secretary of State Matthew Pennycook made a Ministerial Statement on the future of leasehold reform. Responding, Mark Chick, director of ALEP and a Partner at Bishop & Sewell LLP said: ALEP welcomes the ministerial statement which puts in place a timeframe and some objectives for the implementation of the Leasehold & Freehold Reform Act.…
Read More →
Estate Agent Talk

Essential Garage Storage Solutions for Small Spaces

Maximize your garage space with practical storage ideas that keep your items organized and accessible. If you’re dealing with a smaller garage, smart solutions can make a big difference in keeping your space neat and usable. 1.  Wall-Mounted Storage Wall-mounted storage is an excellent way to save space and keep your garage organized, especially in…
Read More →