It stands to reason that improvements to a property, particularly those which cost money should have some effect on the value of the property.
The size of effect will depend on many variables including the type of property, the size of the property and the location, or intrinsic value of that property. Like all important factors in property value, Bricks&Logic determine this renovation/value range for each property.
Login to www.bricksandlogic.co.uk to change the subjective condition setting and see how property estimates change based on property condition.
We have also looked at which types of improvements add the most and least value to a home.
In our blog: 'Energy performance improvements which add the most value', and 'How much value is added to your home when making it more energy efficient', we examined millions of repeat EPC surveys and compared the changes in the survey across time to sale prices subsequently achieved. Certain improvements to homes clearly stood out as drivers of higher value compared to others.