What do YOU mean by "gut reno"?

[Michael Weis]

I hear a lot of people talking on podcasts and YouTube videos about gut renovations, but it has become clear that not everybody means the same thing. Some people seem to be referring more to cosmetic things like paint, flooring and windows, while others mean tearing everything down to the studs and replacing all the electrical and plumbing...basically replacing everything but the foundation and the framing.

When you say "gut reno" what do you think they mean?