The phrase "renovation effort" refers to the actions and work put into improving or restoring something, usually a building or space, to make it look better or function more effectively. Full definition
See below for some of the key results we anticipate gaining as a result of this year long renovation effort. (ahpd.org)
It's also important to come prepared with estimated after - repair value of the property, and consider the estimated cost of renovation efforts. (sdequitypartners.com)
Always be sure that the price of the home is below its value in the local housing market, or you'll stand no chance of gaining a profit from renovation efforts. (sdequitypartners.com)