Technically, a renovation and a remodel are defined differently. While a remodel changes the shape of something (for example, adding a new shower to an existing bathroom), a renovation focuses more on restoring something old so that it's in good shape (fixing a creaking floor, for example). Many wonder what the difference is when it comes to renovation and often people use both concepts as synonyms. While a renovation may include repairs, it focuses on refreshing and renovating a building or room with updates and replacements. However, for more detailed information and tips on home renovations, be sure to check out Kathys Remodeling Blog.
Any room you are renovating retains its function. For example, a bedroom is still a bedroom. Understand the difference between restoring, remodeling and renovating a building with this simple guide. If you have to cross one room to get to another, or if the water supply lines that go to the kitchen sink are installed on an outside wall and freeze almost every winter, renovations won't solve the problems.
While the final cost comparison depends on the scope of the project and the quality of the materials, since renovations are usually less complex, they are also cheaper. Since remodeling can involve changing the physical structure of a house, it is often necessary to reconfigure the wiring, pipes and ducts, making the project more complex and expensive. If you have the skills, time, and desire to make an improvement to your home yourself, consider renovating rather than remodeling. Because of this, remodeling often involves changing the structure of the building, which costs more than renovating and restoring.
The magazine Remodeling publishes an annual analysis of the cost in relation to the value of common home improvement projects, and notes that renovation projects, such as replacing an entrance door or garage door, or changing the siding of a house, will bring the homeowner an ROI of approximately 75, 98 and 76 percent, respectively, when the house is sold. However, remodeling doesn't always involve major structural changes; it can be as simple as converting a guest room into a home office. Simple renovations, such as painting and installing new carpets, do not require permits, but replacing a roof (a renovation project because the design and function are not altered) usually yes. The words “renovation” and “remodeling” are often used interchangeably, but if you're planning some major home improvements, it's best to know the proper terminology before talking to a contractor.
While both renovation and remodeling will improve and update your living space, the two types of projects are very different and each has its own benefits and considerations. Usually, a remodel involves more professional labor, and the cost of the material is also often higher, since many remodeling projects involve the construction of new additions. Because renovation usually costs less, and because it involves repairing and updating the basic features of the home, homeowners often see a better return on investment in renovation projects than in remodeling projects when they sell your house. Even if a community allows homeowners to do their own remodeling, the average DIYer may not have the skills to tackle a project that involves placing a new base for an addition or framing walls and ceilings.
However, a major kitchen remodel will only generate an ROI of around 60 percent, and adding a master suite to the house will generate an ROI of approximately 50 percent. percent.
