Renovations (also called remodeling) is the process of improving a broken, damaged, or outdated structure. Renovations are typically either commercial or residential.
Additionally, renovation can refer to making something new, or bringing something back to life and can apply in social contexts. For example, a community can be renovated if it is strengthened and revived.
The renovation process can usually be broken down into several processes:
- Planning
- Engineering
- Structural repair
- Rebuilding
- Finishes
Technology has had a meaningful impact on the renovation process, increasing the significance and strength of the planning stage. The availability of free online design tools has improved visualization of the changes, at a fraction of the cost of hiring a professional interior designer. The decision regarding changes is also influenced by the purpose of renovation. In case of a so-called “fix-and-flip” (repair and resell) objective, an ROI (return on investment) can result from changes to fix a structural issue or design flow yield or to use light and color to make rooms appear more spacious.
Reasons
Many people renovate homes to create a new appearance for their home, or so another person can live in the residence. Builders often renovate homes because it is a stable source of income. Homeowners often renovate their homes to increase the re-sale value and to turn a profit when selling.
Most builders focus on building new homes, so renovating is typically a part-time activity for such tradespeople. The processes and services required for renovations are quite specific and, once plans are signed off, building a new home is relatively predictable.
Renovations usually require all of the sub-trades that are needed for the construction of a new building. During renovation projects, flexibility is often required from renovation companies to respond to unexpected issues that arise. Projects involving renovation
require not just flexibility, but a plan that had been agreed upon by multiple parties. The planning process will involve feedback from financial investors of the project, and from the designer. Part of planning will also entail the collection of data for the completion of
the project and then the project plan will be revised and given consent before continuing with renovations.
Effects
Renovated church, now condominiums, Watertown, Massachusetts
Renovation has several impacts, including:
- creating jobs
- increasing spending
- promoting gentrification
- generating tax revenue during both the construction and residential phasesContact us for Renovate homes and offices
