Marcus by Goldman Sachs and data analytics and valuation platform HouseCanary have partnered on a tool to help homeowners calculate the estimated adjusted value of a home addition.
The Home Addition Calculator follows the availability of Marcus personal loans for home improvement projects earlier this year.
The calculator estimates property values by using public information and market factors such as sales and listing data from MLS and county assessor records, in addition to other factors. The calculator provides estimates in real time for the value of a home based on additions such as bathrooms, bedrooms, pools, and square footage.
“We are excited to partner with HouseCanary to offer a new resource to consumers who are looking to build an addition to their home,” said Abhinav Anand, head of lending for Marcus by Goldman Sachs. “Our free Home Addition Calculator provides homeowners an estimate of how much an addition could impact the value of their home and helps them make smarter financial decisions.”
“Marcus by Goldman Sachs is helping homeowners finance their home improvement dreams using a streamlined technology experience,” said Jeremy Sicklick, co-founder and CEO at HouseCanary. “HouseCanary’s industry-leading data and proprietary analytics provide homeowners with in-depth insights on the current and estimated future values of their homes, and we are excited to partner with Marcus to bring this project to life.”