capital improvements
Building value additions
Capital improvements are substantial upgrades or additions to property that increase its value, extend its useful life, or adapt it to new uses.
The term appears most often in real estate and tax contexts, where capital improvements are distinguished from routine repairs and maintenance: The new roof counts as a capital improvement, but fixing a few shingles doesn't.
Capital improvements typically include additions, renovations, and major system replacements—things that become permanent parts of the property.
- road constructionBuilding or repairing streets
- renovationRestoring to good condition
- roofingInstalling overhead shelter material
- HVAC systemHeating, ventilation, air conditioning
- remodelingAltering existing structures
renewable energy projects · tax deductions · investment planning · landscaping · curb appeal · square footage · property appraisals · concrete · paint · carpet · infrastructure investment · budget allocation · cost overruns · general contractor · porch · window · deck · brick
capital improvementspreventive maintenance
Scheduled upkeep averting failures
band-aid solutions · janitorial services · groundskeeping · utility costs · cleaning services
capital improvementsdeterioration
Process of declining quality
deferred maintenance · neglect · depreciation · decay · dilapidation
capital improvementsoperating expenses
Routine business costs
deductible expenses · overhead costs · administrative expenses
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