S: (v) regenerate, renew (reestablish on a new, usually improved, basis or make new or like new) "We renewed our friendship after a hiatus of twenty years"; "They renewed their membership"
W: (n) renovation [Related to: renovate] (the act of improving by renewing and restoring) "they are pursuing a general program of renovation to the entire property"; "a major overhaul of the healthcare system was proposed"