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Updated 4 days ago, 11/25/2024
When to do remodel
I have a primary residences that is in a great area that I’m looking to rent out within the next year or two. My question is, if I want to remodel aspects of it to increases its valuation does it make sense to wait until I rent it out a year to someone or do it before hand ?
I plan on having kitchen remodeled, new flooring out in, and a wall removed. I’ve gotten estimates and it is 45-53k. From my basic understanding it would make sense to change it to a rental and then do the remodel so I can claim depreciation on my cost, is this correct or not?