capital gains deductions!

[Andy Pillinger]

Hello,
I am going to sell my house this spring. I will made a profit of over 250K(i'm single) so will be up for capital gains taxes. I have a second mortgage/line of credit of which I can take out a further 35K if I need it. If I use this cash on house renovation preparing the house for sale can I deduct that off the profit to reduce my capital gains? thanks in advance for your advise.