Meaning of “renovate” in the English Dictionary

"renovate" in British English

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renovateverb [ T ]

uk /ˈren.ə.veɪt/ us /ˈren.ə.veɪt/

C1 to repair and improve something, especially a building:

He renovates old houses and sells them at a profit.
renovation
noun [ C or U ] uk /ˌren.əˈveɪ.ʃən/ us /ˌren.əˈveɪ.ʃən/

C1

The museum is closed for renovation.
Extensive renovations were carried out on the property.

(Definition of “renovate” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"renovate" in American English

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renovateverb [ T ]

us /ˈren·əˌveɪt/

to repair and improve something, esp. a building

renovation
noun [ C/U ] us /ˌren·əˈveɪ·ʃən/

[ C ] The museum is closed for renovations.

(Definition of “renovate” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"renovate" in Business English

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renovateverb [ I or T ]

uk /ˈrenəveɪt/ us

PROPERTY to repair and improve a building so that it is in good condition again:

You may need to renovate in stages, doing the most essential work first.
Private companies don't want to renovate existing buildings, as the potential profits are too small.

(Definition of “renovate” from the Cambridge Business English Dictionary © Cambridge University Press)