What is defined as any construction or alteration that benefits real property permanently?

The term that is defined as any construction or alteration that benefits real property permanently is "Improvement." In the context of real estate and property law, an improvement refers to any added structure or alteration that enhances the value or usability of the land or building. This can include a variety of projects such as building new structures, expanding existing ones, or making significant renovations that provide lasting benefits to the property.

Improvements typically involve making a property more functional, aesthetically pleasing, or valuable, resulting in a permanent increase to the real estate's worth. For example, adding a new garage, replacing the roof, or even landscaping can be considered improvements as they contribute long-term benefits to the property.

While renovation involves updates and repairs that might enhance functionality or appearance, it doesn't encompass the broader scope that improvements cover, which include any construction or alteration. Development, on the other hand, usually refers to larger scale projects, often involving subdivisions, new construction, or significant land usage changes, and may not solely focus on permanent alterations designed to enhance existing properties. Real estate enhancement is not a standardized legal term and is less commonly used in this context, making "Improvement" the most precise and appropriate term.