Renovation means “restore to a good state of repair.” With renovation, the goal is to renew a property or space, making it look better by improving it. This can be more cost-effective than remodeling though that depends on the property type, age, and size.
This may involve removing certain fixtures and replacing them with more modern ones or introducing elements that cultivate a different aesthetic. For example, if you decide to renovate your bathroom you might take out the bathtub, the sink and the toilet and put new models in instead.
Renovating a property can lend it an entirely new, fresh style and add to its market value.
Remember construction involving renovation often refers to “restoring” or “repairing” an existing structure, replacing the old with the new.