Business Legal Fees Market Value Renovations 
Zillow
JULY 11, 2019
You can't deduct capital investments like new buildings, additions or renovations. Your adjusted tax basis in a property is the original cost you paid for the property, plus any amount invested in renovations and improvements (including labor costs on these projects) that you have not previously deducted for taxes. Advertising fees.
Berkshire Hathaway
AUGUST 30, 2022
Should the investment property be in a busy city or an up and coming neighborhood? Are you looking for a move-in ready rental property or are you willing to consider a home that requires renovations? While investors are business-minded, owner-occupiers are usually more attached to their property for sentimental reasons.
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