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: All Things CommunityReviewing Random Acts of Kindness 2023 Everyday MoneyWhat are ACH Payments and How Do They Work? Family MattersFun Games to Teach Kids About Money Everyday MoneyWhat is the Difference Between a Credit Card and a Debit Card? Family MattersBudget Friendly Easter Basket Ideas