While you might have heard "remodel" and "renovation" used interchangeably when talking about updating your home, a remodeled home is actually quite unlike a home that’s been renovated.
It's important to know the difference in order to set expectations for what you want your spouse or contractor to do for you. The costs and timeline for each type of project may vary greatly.
It’s also important to know the difference between these two types of updates in terms of how it impacts the way your Realtor prices and markets your home. Both the price and advertising of your home will be impacted by which category your property falls into.
What Does Remodeling a House Mean?
Remodeling changes the aesthetics or appearance of something. Basically, remodeling changes what a room looks like or perhaps the function it serves.
You aren’t fixing a structural problem; you just don’t like how things look anymore and want to spruce them up.
Take the bathroom for example. Let’s just say it’s dated and ugly and you want to freshen it up to sell your home. That’s a remodel. Or in the kitchen, updating your appliances and repainting the walls counts as a remodel because you are just modernizing the appliances and improving the decor.
But, if you want to renovate a house, it’s a whole other story.
What Does Renovating a House Mean?
When you renovate a building, you “restore it to a state of good repair.” A building that’s in need of renovating could be any of the following things:
an old building that needs to be brought up to code
a completely abandoned building needing to be revived
a poorly maintained building in need of rehabilitation
The key thing to remember about renovating a house is that you are restoring or repairing something that already exists in order to make it safe and functional.
Remodel vs. Renovation: What Should I Choose?
It isn't always easy to know which direction to go. You’ve likely already chosen a project, but don’t know how far you need to take it. Be sure to evaluate what you want to do and think about how it will impact your home's function & value, as well as your wallet.
Still need some help? That’s where we come in. An experienced Realtor knows about remodeling and renovations and how each impact pricing and selling a home. They can also give you advice about what construction projects will be a real “value add” to your property.
If you need help selling your current house or finding your next one, we can’t wait to work with you. Contact us today.