Renovation (noun)

1. The process of renovating or the state of being renovated.
2. The action of making something new or restoring it to a former better state.

Origin:

Early 17th century: from french, from renover 'renew', from re- 'again' + noveau 'new'.

Examples:

1. The renovation of the old building was a complex and time-consuming project.
2. The renovation involved modernizing the kitchen and bathrooms.
3. The renovation brought new life to the tired old house.
4. The renovation included adding a new wing to the building.
5. The renovation transformed the run-down apartment into a beautiful home.