What is Capital Improvement?
In general, a capital improvement is a one-time expenditure for physical assets such as buildings, land, construction, landscaping or major equipment.
How Does Capital Improvement Work?
Let's say Town XYZ wants to refurbish ABC Elementary School. It intends to pursue several capital improvements: Build a new wing for the fifth-graders, replace the playground, install better security systems, and redo all the plumbing.
Why Does Capital Improvement Matter?
This term usually refers to government or municipal projects. Often, the goal is to improve the quality of life in the town, attract more tax-paying business and comply with new building codes or laws.
Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.
Read This Next
Scoring profits in the stock market isn't just about finding winning...Read More →
According to financial industry studies, more than three-quarters of portfolio performance and volatility is related to ...Read More →
Question: "I've heard a lot of reminders since the beginning of the year to check up on my 401(k) and other retirement plans and rebalance them if they're not diversified...Read More →