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Renovation means “restore to a good state of repair.” In other words, dilapidated buildings or poorly maintained houses are sometimes considered to be in a state of disrepair. To renovate a house or building means to resurrect that structure from a state of disrepair.
Renovations can often be subtle, improving on the existing building or house. Or, they can be drastic, much like a remodel. Remember construction involving renovation often refers to “restoring” or “repairing” an existing structure, replacing the old with the new.