Betterment refers to an improvement made to a property that enhances its value, utility, or physical condition. This term is commonly used in the context of real estate to describe upgrades or modifications that increase the overall quality of the property.
Capital improvements, also referred to as capital expenditures, are significant upgrades, enhancements, or additions to an existing property that increase its overall value, extend its useful life, or adapt it to new uses.
A carriage house is a secondary structure used primarily for parking vehicles or providing additional living space, often located on the same property as a principal residence. Originally designed to house horse-drawn carriages and the carriage driver, it now serves versatile roles in modern real estate.
Remodeling refers to changes made to the appearance and functional utility of a building, which could include painting, repairing, and replacing of fixtures and equipment.
