The words “renovation” and “remodel” are often used interchangeably, but if you’re planning some major home improvements, it’s best to get the terminology right before you talk to a contractor. While both renovation and remodel will improve and update your living space, the two types of projects are very different, each with its own set of benefits and considerations. Get to know six key differences that will help you keep the lingo straight—renovation vs. remodel—and nail down the project that best suits your home.