Refurbish (verb)

1. To renovate or restore something to a like-new condition.
2. To improve or update something.

Origin:

From the old french refurbir, from re- meaning "again" and furnish meaning "to provide with necessary equipment".

Examples:

1. The landlord decided to refurbish the old building to attract new tenants.
2. The company decided to refurbish its image with a new logo and advertising campaign.
3. The antique dealer refurbished the old table to sell it at a higher price.
4. The school refurbished its computer lab with new equipment.
5. The hotel decided to refurbish its rooms to keep up with the competition.