Definition
Improvement
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Improvement is a legal term that describes property that has been built on land.
A piece of land with any dwellings are technically raw land. But once a development has been constructed on it like a house, the land has been improved, and the house is termed as the improvement done on the land.
Any types of structures or permanent fixtures can be deemed as improvements.
A key factor that define them as such is that they increase the value of the real estate one way or another.
The range of construction works that can be categorized as improvements are wide and include things like:
- Patio
- Swimming pool
- Landscaping
- Deck
- etc
Essentially, property improvement is a legal jargon that refers to real property.
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