Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Capital Improvement Capital Improvement November 9, 2021 Any component constructed as a permanent improvement to real property that increases its value and adds to its useful life.You Might Also Like: Family MattersPreparing Financially for a Baby Everyday MoneyBudget Friendly Ideas for Thanksgiving Everyday MoneySenior Discounts and Savings Everyday MoneyStarting an Emergency Savings Account Living QuartersQuestions to Ask Your Home Inspector