In real estate, rehabilitation generally refers to the process of improving or restoring a property and is often used synonymously with reconditioning. In this sense, it involves repairs and upgrades that return a property to good condition.
When used in the context of urban renewal, rehabilitation has a broader meaning. It may include structural alterations, modernization, and even changes to streets or surrounding infrastructure, reflecting a comprehensive effort to revitalize an area rather than simply restore an individual property.
