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

Estate Agent Talk

Interior Design in 2025: Bold Colours are Making a Comeback

The days of sterile whites and boring beige walls are long gone. Homeowners are now starting to embrace bold colours more than ever, a trend that we can expect to see going into 2025. The move away from neutral tones indicates that homeowners are trying to be more expressive, and that they are also trying…
Read More →
Estate Agent Talk

Digital Verification and Anti-money Laundering Tool Achieves 2m+ Downloads

  Five per cent of UK adult smartphone users have now used Thirdfort The app based platform uses AI, biometric verification and Open Banking to simply and quickly carry out  ID and funds verification in high-value transactions such as home buying   Thirdfort, a client due diligence platform that integrates Know Your Client (KYC), Anti-Money Laundering (AML),…
Read More →
bank of england interest rate
Estate Agent Talk

Bank of England’s decision not to change interest rates

Following on from the Bank of England’s decision not to change interest rates, here are some thoughts from the Industry. Kevin Shaw, National Sales Managing Director, LRG: After a reduction in August, the decision not to reduce interest rates further in September was what we’d expected.  The impact of August’s cut has had the desired…
Read More →
Rightmove logo
Breaking News

Rightmove reacts to Bank of England rate hold

Reacting to today’s Bank Rate hold, Matt Smith, Rightmove’s mortgage expert said: “We’re still expecting two rate cuts before the end of the year, and home-movers should continue to see a downward trend in mortgage rates this side of Christmas. I think overall, there’s likely to be quite a moderate response from lenders in response…
Read More →
Estate Agent Talk

Buying a Second Home in Malaysia – An Overview

Many UK citizens purchase second homes and Southeast Asia is a very popular destination, in particular Malaysia, where the climate is nice and the economy strong. There are other reasons why a UK citizen might choose Malaysia for a second home, such as the MM2H program that offers many incentives. What is the MM2H program?…
Read More →
Rightmove logo
Breaking News

Rightmove: St Albans named Great Britain’s most expensive city to rent

St Albans named Great Britain’s most expensive city to rent outside London   New analysis reveals St Albans as the most expensive city to rent outside London, with average advertised rents of £2,307 per calendar month (pcm), 71% above the national average Oxford follows closely, with rents averaging £2,237 pcm, while Cambridge is third most…
Read More →