Anything you do to your building that changes its function, increases its value or extends its useful life is an improvement. Renovating the lobby to make it more attractive is an example of an improvement as is replacing all of the building’s lighting fixtures with new high-efficiency fixtures.

Major repairs that extend the building’s life, such as installing a new roof, are also considered improvements. Furthermore, changes that you make on the request of a tenant that are outside of the tenant’s space, like renovating a common bathroom, as well as changes that span floors, like installing an elevator or escalator, are also considered building improvements.

Professional Building Improvement

January 4, 2014


Spruced Services