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According to GlobalData’s company profile on Group, 3d modelling and rendering was a key innovation area identified from patents. Group's grant share as of June 2024 was 56%. Grant share is based on the ratio of number of grants to total number of patents.

Estimating home improvement return on investment

The granted patent (Publication Number: US12045864B1) outlines a method and system for estimating the impact of home improvements on property values within a specific geographic area. The core of the invention involves a non-transitory, computer-readable medium that enables a computing system to train a model using home attribute values. This model is then utilized to automatically value a home, calculate the difference between this valuation and the home's associated price, and estimate the rate of return on the home improvement based on this difference. The method also includes accessing data on prior home improvements and employing various statistical models, including neural networks and hedonic regression models, to enhance the accuracy of the valuations.

Additionally, the patent describes components of the computing system that facilitate the training of the model, the valuation process, and the calculation of return rates. It specifies that the estimated rate of return can be expressed as either a dollar value or a percentage of the home's actual or estimated value. The system is designed to handle multiple types of home improvements and can store data structures that map home attributes and improvement information to estimated returns. Furthermore, the method includes provisions for constraining return estimates to non-negative values and for displaying the calculated rates of return through a user interface, thereby providing a comprehensive tool for homeowners and real estate professionals to assess the financial implications of home improvements.

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