Renewal is the act of updating or modernizing. In simple terms, it makes a room or the whole house look better by sprucing up what’s already there and adding new elements. Depending on the condition of the house when you start the project, a remodel is more cost effective.

Renewal is the process of renovating a building or structure by fixing what already exists and, in some cases, adding new components.

Renovation is usually cheaper than remodeling. Depending on the project, it may also be more cost effective than restoration.

Typically, renovations are done along with restorations. For example, someone might decide they want to refinish their bathroom, but to make it a bit more modern, they add a shower component to the tub, which would make it a renovation project as well.