Betterment

Definition

• An improvement, addition, or replacement to a property that increases the value.

Synonyms
repairing, advancement, upgrade, fixing, improvement

Related Terms and Acronyms

• Curb Appeal — Definition,
  • The look of a house when viewed from the street.
• Fixer-upper (fxr) — Abbreviation,
  • A house that needs a lot of work and which sells for a discount.
• Resale Value — Definition,
  • The sales price that would be negotiated by a willing seller and buyer for an existing home or property.
• Sweat Equity — Definition,
  • The value of the work put into a house by its owner. This can be used in place of a full down payment. Up to and including 50% of a down payment.
• Upgrades — Definition,
  • Options that allow buyers of newly built houses to select higher-quality floor coverings, cabinets, windows and other amenities for more money.