Planning for a home addition or remodel? Check out this cool tool for determining how your project will impact your home's value.

Even when you've budgeted down to the penny, any renovation can still cost a lot—with the biggest expense often being your sanity. Plus, with shows like Flip Or Flop (and its Vegas, Atlanta, and other spinoffs), it's never been more tempting to tear things down with the hopes of turning a profit when you resell your house. Or that eyesore down the block with "so much potential."
But, before you start planning your own #demoday, there's a new tool you need to check out. It's a Home Addition Calculator, created by real estate data analytics company HouseCanary and Marcus By Goldman Sachs. Using a simple, three-step process, you can get a sense of how much your property value will go up by adding on that bathroom, installing that pool, or expanding your overall square footage.