Use This Renovation Calculator to Find Out Which Home Upgrades Provide the Most Value.
Unless you’re lucky enough to be working with an unlimited budget, it can be difficult to determine which home renovations to prioritize.
It’s one thing if you plan to stay in the home for the foreseeable future (in which case, choose what makes the location best suited for you). But if you’re thinking about putting it on the market, you’ll probably want to look beyond your own preferences and think about what would appeal most to potential buyers, as well as what projects would allow you to list the property for a higher price. price.
Here’s what you need to know about a new home renovation calculator that takes some of the guesswork out of deciding how to spend your renovation budget.
How to use the home renovation calculator
The home renovation calculator is provided by Realtor.com and can be found on this page of the site. To use it, you first need to create an account and “claim” your home on the site, which unfortunately limits who can use the tool.
If you decide/are able to move on, your home will appear on your MyHome dashboard. From there, go to the Renovation tab, select rooms and projects from a variety, and enter a few additional details. And indeed it is.
The calculator will provide an estimated cost for that specific remodeling project, as well as information on how much it could potentially increase the value of your home. From there you can also download a more detailed report detailing repair costs.
While in your MyHome dashboard, you can also access other types of ratings for your home, including:
- How much can your home make on Airbnb?
- Real-time home value reports
- How much could you earn by selling your home?
- How does your home compare to similar listed and recently sold homes?
You can find more information about the Home Renovation Calculator in this issue .