Remodeling vs. Renovation: Which Is Best for Your Home?
Updated: Aug 16, 2022
As a luxury home contractor in Jupiter and the surrounding area, we often speak with clients looking to make upgrades to their home. Some people want remodeling, some want renovations, and others still want a combination of the two.
This begs the question: what’s the difference between remodeling and renovation? Whether you’re looking for house remodeling in Palm Beach Gardens or renovations in West Palm Beach, this article will explain everything you need to know.
What Is the Difference Between Remodeling and Renovation? Though it’s easy to get them confused, there’s a simple way to distinguish between remodeling and renovation:
Remodeling changes the structure of your home in some way, altering the essential function or size of rooms.
Renovation repairs anything that needs to be fixed or makes updates that provide a more contemporary look.
Remodeling is almost always a bigger project, requiring more permits and labor than your typical renovation. That said, remodeling is perfect if you need to completely redefine a space.
Renovations are often a bigger priority for homeowners, since they ensure a home is functional.
Which Project Provides a Better Return of Investment?
Renovation projects typically have a better return on investment when compared to remodels, simply because they tend to cost less. Essentially, you’re taking less of a risk.
That said, the right remodeling project can add significant value to your home, and it’s important to remember that every project is different. You don’t need to sell to every interested buyer you talk to. Instead, the projects you choose to undertake simply need to appeal to the buyer who ends up closing the deal.
If you’re unsure which project could best increase the value of your home, we recommend speaking with a general contractor or real estate agent. This can help you understand everything you need to know, both about the size of the projects you’re looking to undertake and the state of the market in your area.
What Upgrades Should You Get? The upgrades you choose to get are going to vary widely depending on the current state of your property, as well as your personal tastes. That said, there are certain upgrades that add significant value to your home.
Garage Door Replacement
Home Siding Replacement
Generally speaking, remodeling is ideal if the purpose of a room or building isn’t aligned with how you want to use it. Renovations are more often necessary if appliances and furniture or broken, or if a room’s look has fallen out of style.
While you can sometimes sell a home as a fixer-upper, you’re likely going to lose money on the sale: many buyers don’t want to have to go through the contracting process themselves, which means your property is going to be valued less than it’s really worth.
Looking for a House Remodeling Contractor in Palm Beach Gardens? You’ve come to the right place! The team at Fischman Constructions has years of experience in the luxury construction space. Over that time, we’ve happily watched many homeowners benefit from both home remodeling and home renovation.
If you’re interested specifically in getting an outdoor kitchen, please make sure to check out our sister business, Fischman Outdoor Kitchens.