Renovations (also called remodeling) is the process of improving a broken, damaged, or outdated structure.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.
Many people renovate homes to create a new appearance for their home, or so another person can live in the residence. Builders often renovate homes because it is a stable source of income.
Homeowners often renovate their homes to increase the re-sale value and to turn a profit when selling. As well as this, homeowners may want to make their home more energy efficient, green or sustainable, which may require some renovation project. Or simply, for aesthetic or comfort purposes, homeowners personal preferences and needs can change over time resulting in the undertaking of a renovation.