Renovation

Renovation (also called remodeling) is the process of improving a broken, damaged, or outdated structure.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.

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 fix and flip 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.