Exam term
Capital improvement
A substantial addition or upgrade to a property, such as a new rental wing, which is separated from routine operating expenses.
Lessons that use this term
- Financial analysis of income property: cash flow, returns, and leverage California
- Real estate as an investment: analysis, risk, and leverage Florida
- Federal income taxes on real estate: home sale exclusion, deductions, and exchanges Florida
- Federal income tax treatment of a home: deductions and the principal residence exclusion New York
- The income approach and gross rent and gross income multipliers Texas
- Property management agreements: funds, maintenance, leasing, rents, and deposits Texas