When it comes to enhancing the value of your home and maximizing your profit at resale, understanding what is considered a capital improvement is crucial. A capital improvement refers to any permanent addition or alteration that adds value to your home or adapts it to a different use. These improvements must have a life expectancy of more than one year to qualify for tax benefits. Key Takeaways: A capital improvement is a permanent addition or alteration that adds value to your home or adapts it to a different use. Examples of capital improvements include adding a swimming pool, installing central
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