It is important to know the difference between a renovation and a remodel before diving into the project. Typically, the main difference between the two is that a renovation is about restoring an area to its original state. A remodel is more geared towards creating a new and upgraded space. 

Renovating

The true definition of renovating is to restore. That means that you are restoring it to its original state. Not making it look new or modern, but the way that it once did. When people are looking to renovate something, they will go shopping and hunting for the perfect items. 

These items may be old chairs, desks, chandeliers, a home, or any other items. Listed below are some of the examples of places that people will look for items to renovate.

Garage Sales

Not everyone will see the value in something the way that you do. Someone may see a broken, worn-out, or dated item as trash to them. These items are typically sold in garage sales and can be found for pennies on the dollar. You can renovate and upsell the item or keep it for yourself.

Estate Sales

Estate sales are a great place to find items to renovate. That is because most of the time, the family making the sale is ready to get rid of everything. It is a great place to find gems to restore. This is another area that you will pay less for an item that you can renovate for yourself or resale for more money. 

Antique Stores

Antique stores are a great place to find outdated and vintage items to renovate. The only downfall is, depending on the store, you may pay a little more for items. Some stores may not have higher prices; you will just have to explore and see what you can find. 

Remodeling

Remodeling is when you are changing the look of something for the better. When a home is too small or a bathroom is outdated, you remodel it to make it more of what you want. Many people will buy run-down houses and remodel them for themselves or flip them and sell again. 

Some great examples of things that you can remodel are listed below.

Bathroom

Bathroom remodels are a great way to add value to your home. Especially if your home is small and only has one to begin with, choosing over a bathroom or a kitchen, the bathroom will be a more affordable option to remodel.

Kitchen

One of the most looked at areas of a home when it is on the market to sell, is the kitchen. People have specific requirements when it comes to this area. If your kitchen is outdated or needs some TLC, this is one area that can have a good return on investment. 

Living Room

A good spacious living room will be of great value to you or the future homeowner. There is a lot of time spent in this area of the home. If yours is smaller and needs an upgrade, this is a good one to focus on.