improvement

Definition

Any construction that boosts a property's value, including private structures like buildings and fences, as well as public structures like roads and water piping.

Use improvement in a sentence

Before listing our house on the market, I am going to make a major improvement to the kitchen and bathroom.

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The improvement made since the last appraisal was significant so this was mentioned during the foreclosure trial that occurred yesterday.

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My brother and I are planning an improvement on his house by adding a new wrap around porch that will extend all the way around the back from the front.

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appurtenance adjusted basis