Refurbishment
Refurbishment is the process of renovating and upgrading existing buildings, equipment, or products to restore functionality, extend useful life, or improve performance and appearance. It differs from restoration, which aims to return something to a previous state, and from new construction or replacement, which involves creating something anew. Refurbishment can be partial or comprehensive and may include cosmetics, structural repairs, or system upgrades.
In buildings, refurbishment encompasses interiors and exteriors, including redecoration, new partitions, flooring, mechanical and electrical system
Typical processes include initial assessment and design, budgeting, and procurement; selective stripping and demolition; repairs, component
Benefits include extended asset life, preserved value, improved function and energy efficiency, and reduced environmental impact
Markets for refurbishment span public and private sectors, housing associations, commercial real estate, and industrial operations.