capital improvement
Building value addition
Capital improvement refers to a permanent structural enhancement or addition to property that increases its value, extends its useful life, or adapts it to new uses.
The term appears most often in real estate, tax law, and municipal budgeting: The new roof qualifies as a capital improvement.
Routine maintenance and repairs don't count—capital improvements must be substantial and lasting.
Cities fund capital improvements to infrastructure through special budgets or bonds.
- building codesLaws governing structure safety
- building permitOfficial approval for construction
- investmentDeploying capital for returns
- property taxLevy on owned land
- real estateLand and its structures
renovation · amortization · remodeling · permits · zoning laws · city council · budget approval · roofing · cost-benefit analysis · landscaping · tax deduction · budgeting · financing · accessibility requirements · safety standards · property value · added value · curb appeal
- housing lawrent regulation, rent control, tenant rights, eviction, lease agreement
- urban planningcity planning, zoning map, master plans, zones, zoning reform
capital improvementoperating expense
Ongoing business expenditure
preventive maintenance · operational costs · janitorial services · utility costs
capital improvementdeterioration
Process of declining quality
deferred maintenance · neglect · depreciation · decay · dilapidation
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