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: Living QuartersSpring Maintenance Checklist for Your Home All Things CommunityHoli-days of Giving 2022 Everyday MoneyGiving Back During the Holiday Season Living QuartersYour Top Mortgage Questions Answered Living QuartersHow to Understand Mortgage Language