remodel
US /ˌriːˈmɑː.dəl/
UK /ˌriːˈmɑː.dəl/

1.
to reconstruct or renovate something, especially a building or part of a building
:
•
They decided to remodel their kitchen to give it a modern look.
•
The old office building will be completely remodelled next year.
2.
to change the structure or form of something
:
•
The artist decided to remodel the sculpture, giving it a more abstract form.
•
The company had to remodel its business strategy to adapt to the new market conditions.