The value of your home is calculated using a combination of factors including its location, age, size, condition, any improvements or renovations made, and recent sale prices of comparable homes in the neighborhood. We also factor in current market trends and local market conditions.
Yes, typically renovations can increase the value of your home. However, not all renovations provide the same return on investment. Some projects, such as kitchen or bathroom renovations, may yield a higher return than others. It’s important to evaluate the potential increase in home value against the cost of any proposed renovations.