Whether you’re preparing your home for listing it up for sale or to spice things up, there are two words that may come up in your mind: remodel and renovate. These words can be usually heard in interior design, construction, and real estate. It may confuse some property owners when choosing which is right for their home.
Both of the processes are very different and are interchangeable but this will depend on the type of work that is needed to be completed. We’ll break it down for you the difference between remodel vs renovation and which between the two if perfect for your home.
Difference Between Remodel vs Renovation
Remodeling means to change the structure or form of something. Therefore, when you are remodeling your home or a part of it, it means changing or updating its appearance or function. This may include demolition or construction.
Renovation is about restoring into good condition. Reviving, make it new, or as if it is new again. It can mean anything from repainting, installing new lights, adding finishes, and more. The design or the home or room not drastically altered but rather revised or updated to a new standard. When changes are that big when it comes to renovation, don't hesitate to find the right team that will help you renovate your Austin home.
If your house is a little outdated, renovating can give it a fresher look by adding new pieces of furniture or repainting the walls. Remodeling is about updating your home’s functionality such as tearing down the walls to add more space for your living room for a lanai.
Between remodeling and renovation, remodeling in Austin or in any part of the country will definitely cost more since this is more complex due to the construction from plumbing to electric expenses. This is all about changing the functions or transforming the look of your space. Home equity loans and home equity lines of credit can be smart ways to cover the costs of home improvements. The right choice depends on how predictable your costs are and the type of payment for which you’re looking.
Buying or Selling for Remodeled and Renovated Homes
If you are choosing between remodeling or renovating your homes, don’t forget about other options such as selling your home or buying a new one. If you think that the cost, labor or emotional strain can seem too much for you to handle, it might be the time to purchase a new home. While homes that are recently renovated or remodeled before selling have a higher chance to receive a better ROI especially if you are remodeling an Austin investment property.
Here at Spyglass Realty, we offer complimentary staging and renovation services to our sellers. And if you are looking into buying, selling or selling while buying a home? Speak to one of our consultants now about buying or selling homes in Austin.
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