Real Estate Glossary

Capital Improvement

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Richard Wilson
Written by Richard Wilson

This is any major and permanent development or redevelopment to a property that will add to its value or extend its life. This can range from certain improvements such as elevator upgrades and roof replacement to complete overhauls such as the renovation of a lobby.

This is any major and permanent development or redevelopment to a property that will add to its value or extend its life. This can range from certain improvements such as elevator upgrades and roof replacement to complete overhauls such as the renovation of a lobby.

About the author

Richard Wilson

Richard Wilson

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