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Capital improvements are the changes made to a property that make it better, more valuable, or longer-lasting. These improvements usually cost a significant amount of money and last a long time. They're different from simple repairs or maintenance.
For example, let's say you have an old house with a leaky roof. If you replace the roof with a new one, that's a capital improvement because it adds value to the house and will last for many years.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
In a town where houses grew,
Capital improvements were a thing to do.
When you fix, replace, or add,
Make the property better, oh so glad!
There once was a house, a bit run-down,
Its roof was leaking, made the owner frown.
A new roof they added, sturdy and fine,
A capital improvement, now the house did shine!