The Difference Between Remodeling and Renovation
The term renovation is used to describe the process of updating a space. It can involve repairing or replacing elements like windows, doors, flooring and fixtures. It can also include adding new technology or changing the layout of a room. A renovation is different than a remodel, which usually involves changing a building or room’s function, and typically requires construction.
It’s important to understand the difference between remodeling and renovating to make sure you know what you’re getting into when it comes to your home improvement project. A remodel often includes bigger changes, such as tearing down walls or moving plumbing and electrical to accommodate a change in purpose. A renovation, on the other hand, can be as simple as painting or replacing hardware.
Millennials are planning 49% more house renovation projects than Baby Boomers, according to a recent survey from Bankrate. The study found that younger homeowners are more likely to buy fixer-uppers and take out high-interest loans in the hopes of increasing their property value. This can backfire if the project is more expensive than expected and leaves them in debt.
One of the most notable renovations recently took place in Vancouver’s Shaughnessy neighbourhood, where residents are attempting to protect heritage homes from a city plan that would allow developers to build new laneway homes and secondary suites. Lisa Martz, a lawyer with Gudmundseth Mickelson LLP, is representing some of the residents opposed to the plan. She says the city is wrong to think it can implement a policy without compensating property owners. renovation. Shaughnessy