Capital Improvement Form

If you plan to make an improvement or renovation to your home, City First Homes asks that you first notify staff of your intent to renovate. It's important to notify City First Homes before making any capital improvements or major upgrades in order to receive a Capital Improvement Credit when it is time to sell your home.    

Capital Improvements

Capital improvements are improvements or restorations of some aspect of a property that will increase the overall value. Capital improvements are not routine maintenance or repairs. A capital improvement goes above and beyond normal replacement of items. 

Examples of capital improvements include: 
  • Replacing wall to wall carpet with hardwood floors
  • Adding a new garage to a home
  • Finishing the basement
  • Completely remodeling the kitchen 
  • Adding a fireplace
  • Putting on a deck
  • Adding a bedroom or bathroom 

 Examples that do not qualify as capital improvements:
  • Replacing carpet with new carpet 
  • Replacing an existing garage door
  • A fresh coat of paint
  • Replacing appliances
  • Repairing/replacing a existing heating system
  • Replacing windows
  • Replacing wiring or plumbing

Please keep all receipts from the home improvement project, including receipts from materials and/or contractors.. Completing this form and keeping all the receipts from your home improvement project ensures that you receive the maximum value if you choose to resell your home in the future.