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There are a few chapters I can think of that did a great job of doing a revamp, half way to a full recolonization. I don't know them first hand so I don't want to name names in case my perception is off. But I would only recommend this method if you're off by a lot and headquarters is on board to go all in. Doing it that way but half-assed is a guarantee to destroy your reputation and put you years off schedule, if at all.
In more cases, I'd say a 5 year plan of very selective growth and accepting smaller numbers of improving quality is the way to go.
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"Traveling - It leaves you speechless, then turns you into a storyteller. ~ Ibn Battuta
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