Definition, Meaning & Synonyms

refurbished property

noun

/ˌriːˈfɜːrbɪʃt ˈprɒpərti/

Definition

A refurbished property is a real estate asset that has undergone renovations and improvements to restore it to a good condition.

Examples

The refurbished property featured modern amenities and a fresh interior design.
Investors often seek refurbished properties in up-and-coming neighborhoods.
After months of renovation, the refurbished property was finally ready for market.

Meaning

Refurbished properties are often older buildings that have been upgraded, which can include repairs, aesthetic enhancements, and modernization of facilities. The goal is to make the property more appealing and functional for potential buyers or renters.