Rental property renovation calculator
Calculate the potential. Renovate with confidence. To crunch the renovation numbers on your current property, or a property on the market you’re considering purchasing as an investment, enter the address below to get started.
Frequently asked questions
How accurate are the renovation cost estimates?
The costs provided by this calculator are estimates only and are designed to give you a useful starting point for budgeting and planning. Estimates are based on third-party industry cost data and may be higher or lower than quotes available from local tradespeople. Actual renovation costs can vary depending on your location, property, scope of work, materials, labour costs and contractor. We recommend getting independent quotes from qualified tradespeople before making any renovation or investment decisions.
Planning a rental property renovation
Renovating an investment property can help improve its appeal, functionality and rental potential, but understanding the likely costs before work begins is important. A renovation calculator can give you an initial estimate and help you start planning your budget.
How much does it cost to renovate a property in New Zealand?
Renovation costs can vary significantly depending on the size and condition of the property, the rooms being renovated, the materials selected and the extent of the work required.
Our renovation calculator lets you estimate costs room by room, giving you a useful starting point before obtaining detailed quotes from tradespeople.
Which renovations can add value to a rental property?
The most worthwhile improvements aren't always the biggest. Kitchens, bathrooms, flooring, painting, heating and general presentation can all influence how tenants perceive a property.
For rental properties, it can be useful to prioritise improvements that make the home comfortable, durable and easy to maintain while supporting its long-term rental appeal.
Should I renovate my rental property?
That depends on the property, its condition and what you want to achieve. Before committing to a renovation, consider the likely cost alongside potential improvements to rental income, tenant appeal and property value.
Understanding your current rental yield and ROI can also help you assess whether further investment in the property makes sense.
