When it comes to real estate and construction, words are often used loosely and interchangeably. However, this is an area where it’s important to be specific. The most common misconception in the industry occurs with remodeling and renovating.
The key difference between the two is that a remodel entails creating something new, while a renovation is essentially restoring something to its previous state. If you’re a home owner, renovating is ideal when you want to invigorate and refresh your home, while remodeling is best for those who want to alter it.
You might be wondering, which option is best for you?
Start by considering your budget. Remodeling projects will typically always cost more than renovations. It involves more complex design considerations, as well as more construction, electric and plumbing expenses. Simply put, it’s more expensive to rebuild something than it is to polish it. Sometimes its best to consult with a professional to decide which option is best for you. You can schedule a free consultation with one of our experts!
If you’re content with the layout of your space, then a renovation might be the best option. This can involve repainting and refacing cabinets to adding finishes and fixtures. Renovations personalize a room to make it feel more like you, adding a homely ambiance.
Now if you want to combine the kitchen and living room, or add a kitchen island, then you would be interested in remodeling. This is ideal for someone who wants a whole new look and feel.
Ultimately, remodeling is best for those who want to create a new space, while renovations are for those who want a touch up. When it comes to selling your home, renovations provide a better return of investment. Remodeling is a better investment in yourself.