You feel like your garage needs a bit of change, you start wondering what to do. Do you need remodelling or a renovation? Before you hire any contractors, you need to know which is which.
Is a remodel and renovation the same thing? Do they cost the same? Are the changes to your garage on the same level when you use both terms for a contractor?
It’s important to know what you want when fixing your garage. Below we’ve listed key differences between remodelling and renovation. Read on to know more about them.
What Does it Mean to Remodel Your Garage? When you say you wish to remodel your garage, you change the structure. There are a lot of reliable garage remodelling companies that you can talk to about this. You are adding something new to your garage when you remodel. Below are the improvements you get when you choose to remodel.
- Remodelling means you are changing the appearance of the garage
- It also means that you want to change the function of your garage
- Remodelling can mean the transformation of your garage into something better
- You are transforming the existing design of your garage
What About Renovating Your Garage? Renovation is closer to restoration. This means you are planning to restore your garage to a better state. You can plan a renovation on your garage when it’s non-functional or dilapidated. A garage that is not well-maintained will need immediate renovation.
- Renovations can be subtle or big, depending on the circumstances
- Renovation often involves the construction of the structure
- When you renovate your garage, you are bringing it up to code
- Renovations will have to work on the entire garage rather than add or build on it
- When your garage is in a state of repair, you will need to have a renovation
If you have a budget, it’s important to note that the cost will depend on the kind of changes you take. Renovations can be small or wide, and the wider renovations will be more expensive. For remodelling, there are more people involved. These are experts who work on improving your garage without tearing it down.
Remodelling can include the floor, garage door, windows and so on. The biggest expense would be the flooring, but you can choose to add carpets to save more.
Then you also have your garage windows. They may cost lower than the flooring, but they also make a big difference. The garage can cost depending on how much damage it has. Garage door prices vary depending on the style, size, and components.
These are some of the fixes that you can consider for your garage. Choose the option you can afford and one that will improve the state of your garage better.
FAQs About Garage Renovation
Does A New Garage Increase Home Value?
A New Garage Means Increased Home Value
While that’s a substantial sum of money, when you consider that a garage will bump up the value of your home, it makes financial sense. You’ll see plenty of your investment back when you sell your home. You might even recoup the entire investment or more.
Does Having A Garage Add Value To Your House?
Convert your garage. If you have off-road parking and depending on where you live, you may find converting a garage can significantly increase your home’s value – by as much as between 10 and 15 per cent.
What Is A Garage Remodel?
Simple Remodel, You still have a place to park your car, but you can redo floors, paint the walls, and add new cabinets. You could even opt to install a new garage door to match your aesthetic inside the garage. A simple remodel for cabinets, painting, and recoating of the floor is around $3,500 on average.
How Much Does It Cost To Sheetrock A Garage?
Cost to Drywall a Garage. Installing drywall in a garage ranges from $1,200 to $5,100, depending on the size of the garage. Contractors often use thicker or fire-resistant panels for this space, which cost up to 50% more than the average.
Are Heated Garages Worth It?
Pros of Garage Heaters. Keeping your vehicles in a heated garage means no warming them up before you get in, saving fuel. A warm garage can lengthen your vehicle’s battery life and performance. Plus, if your car needs a jump during the winter, you’ll be much happier doing it in a heated garage.
Renovation Vs Remodel (Differences & How To Choose)
In this guide, we share the difference between renovation vs. remodel, including which costs more and which is best for your home design.
Although a renovation project is often thought of as the same thing as a remodelling job, the two are very different. Both processes improve and update the living space in your home, but contractors know the distinguishing factors that separate the two. It will help if you know the differences when hiring contractors for home improvements.
This informative guide will identify the work that separates a renovation from a remodel, so you’ll know what kind of contractors to hire for your home project.
Difference Between Renovation And Remodel
The definition of renovating is to restore something to a good condition, to make it new or as if new, and to repair. It’s a matter of reviving or invigorating your living space.
When it comes to home construction, renovation means projects such as repainting, refinishing cabinets, installing new lighting, or replacing kitchen cabinets. The original structure is not replaced or changed; it’s updated to reflect new designs, décor, or style.
A remodel means to alter the actual structure of something or to remake it. When you need a project done to your home that changes the layout, wall placement, and style, it’s determined to be a remodel.
Anything that alters your floor plan, such as combining a kitchen and dining room to create one shared area, adding a sunroom at the back of the home, or adding a third garage, is a remodel.
When you plan an upgrade in your home and know the jobs you need to do, you must communicate with contractors and use the term renovate or remodel properly.
These professionals understand the possible tasks included with a renovation or a remodel and use the information to plan the work accordingly. The key is to know how much construction is involved versus cosmetic upgrades.
Examples of Renovations
Renovations involve changes that improve the function of a room or area, but they also make it more attractive and expressive of your taste and style. Renovations can also provide more comfort and functionality. Renovations don’t usually require a building permit. Below are examples of renovations:
- Painting walls and trim
- Refinishing or replacing cabinets
- Installing new lighting
- Replacing windows
- Updating kitchen appliances
- Changing flooring
- Installing shelving
- Installing new carpeting
Smaller, less expensive alterations to living spaces create a pleasing interior design, but they also help increase the chance of selling your home for the asking price. A bathroom with a new sink, toilet, and tile is more attractive to buyers. As long as plumbing, electrical systems, and walls aren’t changed, it’s still considered a renovation.
A kitchen renovation usually involves new or refinished cabinets, new appliances, and new lighting. These changes improve the look and feel of the room without changing the structure. Top it off with new pull knobs, faucets, and countertops, and the kitchen takes on a complete transformation.
But it’s still a kitchen. Renovations mean the room’s purpose remains essentially the same. The only structural changes made during a renovation are if rotted wood or water damage requires a wall, ceilings, or subfloors to be replaced.
Examples of Remodels
During a remodelling job, the frame of a home, layout, plumbing, and electrical are some of the major systems altered or replaced. At times, a remodel means tearing down a wall or extending a roofline. These types of changes likely require a building permit. Below are examples of remodels:
- Combining two rooms into one, or the opposite
- Installing a kitchen island with plumbing and electricity installed
- Removing or moving walls
- Raising ceilings
- Changing the layout of a room
- Adding a room where a patio was
Remodels are targeted to improve or change a home’s layout or construction. A bathroom with a leaky sink may need a new floor and plumbing, but while the work is being done, a shower or bathtub can be installed where there wasn’t one. That requires installing plumbing lines. If the bathroom is too small for the changes, a wall can be extended.
If you’d like an eat-in kitchen, adding a small breakfast nook may mean tearing down the outside wall, creating new walls, moving or adding electrical lines, and putting in a window. These remodel to change the basic form of the kitchen. A remodel breathes new life into an area of the home and provides an entirely new look and layout.
Which Costs More, Renovating Or Remodeling?
Renovations are usually less expensive because the alterations only include surface changes and updating elements of the home’s interior. The materials needed are less expensive than a remodel, and labour costs are lower.
Many homeowners can perform renovations themselves, and because the projects have a limited need for construction changes, there are fewer surprises to contend with when performing the work.
Because remodelling work includes larger modifications to the structure and configuration, the material costs are higher, and labour may include professionals for framing, wiring, plumbing, ductwork, etc.
Homeowners typically don’t have the skills to do a remodel independently. When permits are needed, the cost increases as much as $500 to $1,000.
The following are some of the more common costs for both a renovation or remodel:
- Materials such as lumber, flooring, paint, etc.
- Professional labour costs
- Architectural consultation
- Appliances, fixtures, hardware, etc.
- Equipment and dumpster rental
- The square footage of the home being remodelled
- The amount of damage or age of the home
Renovations can range significantly in price depending on the project. The price also depends on how much of the house you’re renovating and how old the home is. In most cases, a renovation will be a less expensive choice than a remodel.
Because remodels are more involved than renovations, they tend to cost more. You might require more professional help than you would in a renovation.
This help could be from experts such as architects, electricians, or plumbers. On top of this, many remodelling projects require permits, which can add even more costs.
Here are the major factors you’ll need to take into account when gauging the costs of a remodel or renovation:
- Materials (wood, flooring, paint)
- Labor, contractor, and consulting fees
- Permits (if required)
- Appliances, fixtures, cabinets, and hardware
- Size of the space being renovated or remodelled
- The age and condition of the home
Pros And Cons Of Renovating
There are many benefits to renovating your home before you decide to sell it. First, you can increase your home’s value. Renovations like a new roof or updated HVAC system can make your home more appealing to potential buyers. You can list the home for more because of these added-value features.
Furthermore, cosmetic renovations can attract more buyers when you market the property. A fresh coat of paint or new carpet can bring in buyers who don’t want to spend time and money on these upgrades after they move in.
In real estate, a home that is ready to move in without any repairs or renovations is considered “turnkey,” meaning buyers can turn the key and walk in without adjustments to the space.
While renovations are generally considered a good thing for a property, some drawbacks to investing in renovations.
First, your renovation style might deter buyers and hurt your home value. For example, if you put carpet in the bathroom or paint all the walls black, people might not want to buy the home because they will need to renovate a space to their taste. If you plan to renovate to sell the property, look for neutral paint and design choices to appeal to the largest number of people.
Next, your renovation might not be worth the time and money. Not all renovations are worth the resale value. This means your home value won’t increase to match the money you spend to improve it. Instead of renovating and hoping for a home value increase, you may be better off selling your home as-is and closing the deal faster.
Most buyers will make minor renovations when they move in, whether changing the landscaping or replacing old appliances. It’s up to sellers to decide how much they want to renovate before listing their properties.
Pros And Cons Of Remodeling
Remodelling is more expensive and time-consuming than renovating. This means buyers and sellers need to consider whether a home remodel is right. Home remodels can significantly increase the value of a home.
The whole concept of house flipping is taking a dated or broken-down property and remodelling it to sell at a profit. Major changes, like adding a bathroom or increasing the square footage with an add-on, can significantly increase what your home sells for.
However, there are big risks that come with these potential rewards. Along with the costs to remodel the space, you may accrue extra charges in the building process. These include hotel stays during remodelling, city permit fees, and contractor labour fees if the project falls behind and you need to bring in additional experts.
A remodel can take weeks (or even months) longer than planned. This can prevent you from selling the house or moving in after buying it.
Like your renovations, the remodel you opt for might not add value to your home – especially if it is specific to your needs. You might have to market the home to a more niche audience when you decide to sell it.
Which Is Right For You?
It can be tough to decide whether to renovate or remodel your home. You’ll want to account for your budget (what can you afford and how will you cover the costs), time (how much do you have and when you want the work finished), and your final goals for the property.
If you’re looking to update a few aesthetic areas or increase the value of your home in time for a sale, a quick renovation may be your best bet. If you’re going to live in the home and aren’t happy with the look or some functional aspects, a full remodel may be in order.
Picking The Right Projects
No matter which you choose, it’s important to consider the potential return of the investment. This is especially true if you’re looking to increase the home’s value or resale potential.
According to Remodelling Magazine’s 2021 Cost vs. Value Report, the highest-ROI home projects include:
- Garage door replacement (93.8% of costs recouped)
- Stone veneer siding addition (92.1% recouped)
- Minor kitchen remodel (72.2% recouped)
- Siding door replacement (68.3%–69.4% recouped)
- Window replacement (67.4%–68.6% recouped)
- Deck addition (63.2%–65.8% recouped)
- Steel entry door replacement (65% recouped)
- Fiberglass grand entrance (60.9% recouped)
- Asphalt shingle roof replacement (60.7% recouped)
- A mid-range bathroom remodel (60.1% recouped)
A project that adds the most resale value (total dollar value) is a master suite addition, which adds an average of between $85,672 and $152,996 to your home’s value. Likewise, major kitchen remodels can add $80,284 on average. Bathroom additions and remodels can also add a large amount of value to your home.
Which Offers A Better ROI? (Return On Investment)
Whether you plan on renovating your home or want to do a remodel, it makes sense to figure out the potential return on investment (ROI). If you plan on staying in the home for at least five years or longer, the costs aren’t as important as the enjoyment you get from the upgrades. If your goal is to sell your home, the improvements may increase the property value.
Smaller renovations can offer a better ROI. Renovating costs less, can be done by the homeowner, and involve updating or repairing basic features of a home. Items such as adding loose-fill fibreglass insulation to an attic are cost-effective and can bring an ROI of up to 108%, paying back more than you invested. Replacing an original entry door with a more durable steel door can produce an ROI of 91%.
Remodels such as adding a full bathroom may only bring an ROI of 54% when the home is sold, and the main bedroom remodels that create the main suite may only bring a 64% ROI. Get more bathrooms to remodel ideas here.
Remodelling Magazine creates a Cost vs. Value Report each year, and on average, the home projects that offer the best ROI are as follows:
- New garage door – 97% average ROI
- Stone veneer siding – 96% average ROI
- Minor kitchen remodel – 81% average ROI
- Wood deck addition – 76% average ROI
- New siding – 76% average ROI
- Vinyl windows – 75% average ROI
- Composite deck addition – 69% average ROI
Renovation vs. remodel? Armed with the information you need, you can make the best decision for your home and budget.