The word renovated can be used as an adjective to describe spaces that have been improved in this way, such as in a newly renovated kitchen. In more general terms, renovating means restoring something to good condition in order to repair or restore it. As you can see, in the broadest sense, “renewing” means doing something new again to revive. When you apply this definition to the world of home construction, “reviving can mean anything from repainting and cladding cabinets to installing new luminaires and adding other finishes and accessories.
Regardless of the task at hand, the original design is never drastically altered. Rather, it is simply updated or adjusted to meet a new or revised standard. A renovated unit is an apartment or living unit that has been recently updated to include more modern features and appliances. Depending on specific renovations, renovated units may offer kitchens with stainless steel appliances, bathrooms with luxury tubs, and renovated floors.
Renovations transform living spaces, often with new fixtures, wall finishes and floor coverings. Sometimes a renovation also includes new appliances or energy-saving windows. The remodeling describes an alteration of the very character of living spaces. For example, removing or relocating a wall could transform a fragmented and outdated floor plan into an open concept with a sense of spaciousness.
Finally, a restoration restores the original character of a building and, at the same time, provides residents with important modern comforts. Renewal means “restoring to a good state of conservation”. In other words, buildings in poor condition or poorly maintained houses are sometimes considered to be in poor condition. Renovating a house or building means resurrecting that structure from a state of deterioration.
Remodeling Magazine publishes an annual cost-versus-value analysis for common home improvement projects and notes that renovation projects, such as replacing a front door or garage door, or changing the lining of a home, will generate the homeowner approximately 75 percent, 98 percent, and 76 percent of ROI, respectively, when the house is sold. The renovation of your kitchen makes you feel more personalized with your lifestyle, giving you a comfortable and homely environment. Since renovation generally costs less and because it involves repairing and updating the basic features of a home, homeowners will often see a better return on investment on renovation projects than remodeling projects when they sell their home. If you have the skills, time, and desire to do a home improvement yourself, consider renovating rather than remodeling.
The main disadvantage of living in a newly renovated unit is that the rental price is usually much higher than that of an older, non-renovated unit.