Asset Repairs vs Improvements
The white paper distinguishes repairs—such as fixing broken lights, cabinetry, tiles, air conditioning units, or patching roofs—from improvements, which include activities like replacing roofing, remodeling kitchens and bathrooms, installing new flooring, adding structures, or upgrading HVAC systems, providing definitions, examples, and considerations for property maintenance decisions.
Repairs vs Improvements: Key Considerations
Our white paper includes definitions, examples, and tradeoffs to consider when choosing to perform repairs or improvements for your properties.
What are Repairs?
- Replacing broken exterior lights
- Replacing damaged cabinetry
- Replacing cracked kitchen or bathroom tiles
- Repairing a broken air conditioning unit
- Patching a leaky roof
What are Improvements?
- Replacing roofing
- Remodeling the kitchen and bathrooms
- Installing new flooring
- Adding an addition or an exterior building like a garage
- Installing central air conditioning or a new heating system