Synonyms of 'modernize'
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the cost of renewing the buildings
If someone renovates an old building, they repair and improve it and get it back into good condition.
They spent thousands renovating the house.
Video: pronunciation of 'modernize'
Thesaurus for modernize from the Collins English Thesaurus
To modernize something such as a system or a factory means to change it by replacing old equipment or methods with new ones.