What is the difference between Renovation and Refurnishment? Essentially, the difference is how much work needs to be done. Renovations often involve extensive structural changes, such as changing the floor layout or adding extensions or conversions. They may also be necessary to meet new building regulations, such as the Disability Discrimination Act of 1995. Businesses are required to make reasonable adjustments for disabled people to access their facilities.
Both renovation and refurbishment are intended to improve the appearance and functionality of the space. Renovation involves making alterations to the entire building, including the structure and design, in order to increase the value. Refurbishment can also focus on improving energy efficiency. It can be beneficial for restoring a home to its original design or to make it more energy-efficient. Refurbishment works to maintain the overall design and value of a building, while renovations aim to alter the structure in order to meet new building regulations.
Refurbishments generally cost less than renovations, but they are not as extensive as a full remodeling. Since renovating focuses on changing basic features of the home, it often provides a higher return on investment. A home that is in a historic district is a better candidate for refurbishment. Renovations can also increase a home’s value. As with any renovation, make sure the project fits within your budget.