to renovate /ˈrɛnəˌveɪt/ /ˈrɛnəʊveɪt/
to modernize /ˈmɑdərˌnaɪz/ /ˈmɒdənaɪz/
to redesign
to refurbish /riˈfɜrbɪʃ/ /ˌriːˈfɜːbɪʃ/