Renovation and remodel are often used interchangeably, but the two types of improvements have some key differences. A renovation involves updating the existing structure with cosmetic changes, while a remodel involves demolition and construction. For example, a kitchen renovation might involve refinishing the cabinets and replacing the backsplash. In contrast, a kitchen remodel might involve removing a wall to create more space. If your home feels outdated, a renovation can refresh any space. A remodel can improve both the look and functionality of your home.