Remodel vs. Renovation: What’s the Key Difference?
What is the Difference Between Remodeling and Renovation?
Remodeling and renovation are often used interchangeably, but there is a key difference between the two. A remodel involves making significant changes to the structure or layout of a home, while a renovation focuses on updating the aesthetics or functionality of the existing space.
Pros and Cons of Remodeling
Remodeling projects can improve the functionality and layout of a home, but they typically cost more and take longer than renovations. They may also require a building permit. However, remodeling can address underlying structural issues and extend the lifespan of a home.
Pros:
- Improved functionality
- Changed layout
- Addressed underlying problems
- Extended home lifespan
Cons:
- High cost
- Long timeline
- Permitting required
- Not DIY-friendly
Pros and Cons of Renovation
Renovation projects are more affordable and DIY-friendly than remodels. However, they cannot correct poor home design or address underlying issues. They also tend to have a better return on investment (ROI) than remodels.
Pros:
- Affordable
- Reasonable timeline
- Good ROI
- DIY-friendly
Cons:
- Does not fix underlying issues
- Often a short-term solution
- Cannot fix poor home design
- Limited upgrade options
Cost of Remodel vs. Renovation
The cost of a remodel project is significantly higher than that of a renovation project. Extensive home remodel jobs can cost around $47,000 on average, while renovation projects like painting, updating flooring, or landscaping cost around $15,000.
Design of Remodel vs. Renovation
Remodels are ideal for changing the layout or design of a home. Contractors can demolish existing spaces, move walls, expand rooms, or make other changes to the floor plan. Renovations, on the other hand, focus on the aesthetic appearance of the home, such as painting, updating fixtures, or replacing flooring.
DIY Remodel vs. Renovation
Remodeling projects typically require professional contractors, while many renovation projects can be tackled as DIY jobs. This is because renovations often involve tasks like painting, staining, or replacing fixtures, which most experienced DIYers can handle.
ROI of Remodel vs. Renovation
The ROI of a remodel project is generally lower than that of a renovation project. This is because many of the expenses involved in a remodel, such as structural changes, are not visible and therefore do not add to the value of the home. Renovations, on the other hand, focus on improving the aesthetics of the home, which can lead to a higher ROI.
Permitting for Remodel vs. Renovation
Aesthetic renovation jobs typically do not require a building permit, as they do not change the structural design of the home. However, remodels often require a building permit, especially if they involve moving walls or making other structural changes.
Timeline for Remodel vs. Renovation
Remodeling projects almost always take longer than renovation projects due to the more extensive work involved. However, if the remodel is being completed by professional contractors and the renovation is being handled by a DIYer, the timeline may be shorter for the remodel.
Additional Considerations
- Redesign vs. Remodel: Redesigning a space involves making cosmetic changes, such as painting or updating furniture, while a remodel involves making structural changes.
- Types of Renovations: Renovation projects can be categorized into three types: cosmetic, functional, and structural. Cosmetic renovations are minor, functional renovations involve replacing existing elements, and structural renovations involve moving or changing entire systems or appliances.
- First Step in Renovations: The first step in a renovation project is demolition, which involves removing any old items or materials that will be replaced during the project.
