Renovation vs Remodel: What’s the Difference?

KEY TAKEAWAYS

• Renovations update existing features while keeping the original layout, whereas remodels change the structure or configuration of your space. 
• Renovations typically cost less and take less time since they work within existing structures, while remodels involve more complex work that requires permits and professional planning. 
• Smaller renovations can often be funded through personal loans or credit cards, while major remodels may require specialized financing like construction or home equity loans. 
• Your goals will determine the right choice. If you want to refresh your space’s appearance and functionality, renovation works well, but if you need to change how your space functions or flows, you’ll likely need a remodel.