renovize
To renovate or modernize.
dated
To renovize is to be smart, and thrifty, especially at this time. Labor costs and material costs are low.
Where it comes from
From re- + novel + -ize, Coined in connection with various community campaigns in the early 1930s that attempted to stimulate the building trades.
Adapted from the Wiktionary entry renovize (CC BY-SA 4.0).