I’ve found that a lot of my second draft (so far) hasn’t involved rewriting things but rather rearranging. My beginning had a huge stack of backstory that wasn’t necessary right away so now I’m jumping straight into the story instead. I’m also trying to insert chapter breaks which is fairly tough. It’s forcing me to really consider my pacing and where I’m spending too much time.
In terms of actually rewriting things it’s mostly dialogue – I have a much better feel for my characters now and I’m enjoying individualising their conversations.
I can see my story improving and becoming more interesting as I chop and change it. There’s still a ton to do before I get into really nit picky stuff and perfecting individual sentences but I have to say that I’m enjoying this stage quite a lot!