While similar in nature, a renovation and a remodel are two different things. In general, a renovation is less involved and in-depth than a remodel. Usually a renovation is performed to upgrade your surroundings without making functionality changes. A renovation might include updates to existing structures utilizing new standards, or maybe to increase market value or curb appeal. At its core, renovation is about restoring a space to its original glory including all electrical and plumbing fixtures, making sure that everything works as it was originally designed to do.