Betterment

Definition

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

Synonyms
advancement, improvement, repairing, fixing, upgrade

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.
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