Florida Building Contractor Business/Finance Practice Exam

Betterment refers to improvements that not only restore a property but enhance its value or functionality beyond its original condition. This can include upgrades that improve the overall quality, efficiency, or aesthetic appeal of the property, making it more valuable to current and future owners or tenants. By implementing betterments, the property is not only repaired but also thoughtfully enhanced, which positively affects factors such as marketable value and usability.

For instance, installing high-efficiency windows or adding an additional bathroom would be considered betterments, as these modifications improve the living conditions and appeal of the property, contributing to a higher market value. This is distinct from other types of improvements, such as routine maintenance, which merely helps to keep the property in good working condition or restore it to its previous state without adding additional value.