Today, Kukun, a California-based proptech that provides property data, home valuations and investment solutions, announced the launch of its Estimator solution, according to a press release.
The consumer-focused product is intended to help homeowners estimate home renovation costs and build budgets for property projects, inside and out.
The company says that the solution is available directly to consumers through their website, and also as a white-label solution for banks, lenders, insurance companies and real estate brokers as an API or white-label iframes.
In addition to giving customers a sandbox to plan out project costs, the Estimator also provides a potential ROI for the job.
The company stated that it tested the solution with licensed contractors across the country, and found favorable sentiment among contractors and consistency with their estimated project renovation costs.
“When we presented the next generation Estimator to experienced contractors they said they would use it with their customers to speed the process of planning,” stated Scott Langmack, Chief Operating Officer for Kukun, in the release.
“At Kukun, we are not removing the contractor from the equation, we allow the homeowner and the contractor to define the project and increase the homeowner’s satisfaction when planning and budgeting for their home renovation,” Langmack said.
The Estimator product is also tied to Kukun’s database of homes across the country, and calculates its estimates based on local market conditions, ROI and “three levels of spending from low to high: value ($), quality ($$) and luxury ($$$).”
Kukun currently works with large institutional real estate investors and large enterprises, with customers including Keller Williams, Chase, USBank, SoFi, PNC Bank and Discover.
The company’s consumer product suite now includes Estimator, a home management and investment product called iHomeManager and a contractor sourcing and ranking product.
In other recent proptech news, CoFi raised a $7 million seed round for its construction finance lending marketplace and digital payments platform. Toronto-based Key also raised $11 million to expand its co-ownership platform across North America.