Any major renovation that increases your property's value
Some examples of capital improvements include adding a new bedroom, expanding a kitchen, or upgrading the electrical wiring. Repairs and normal maintenance on a home, such as replacing a broken window or fixing a hole in the roof do not qualify as capital improvements.
See: Assessed value
Mortgage definitions and Real Estate Terms, Consolidating loans, refinancing mortgages and reverse mortgage process available to anyone. This consumer information site contains several tools and guides to aid in purchasing or refinancing a home or commercial property.
