What is the difference between renovations and remodeling? How do they each impact my budget, timeline, and return on investment in home improvement projects?
Renovations are updates or repairs that improve existing structures, while remodeling involves changing the layout or function of a space. Renovations usually cost less and take less time, offering moderate ROI. Remodeling is pricier and longer but can significantly increase your home’s value, impacting your budget and timeline.