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Updated over 7 years ago,

User Stats

6
Posts
1
Votes
Brian Harris
  • Rental Property Investor
  • Austin, TX
1
Votes |
6
Posts

New property maintenance vs increase of basis

Brian Harris
  • Rental Property Investor
  • Austin, TX
Posted

When I buy a brand new property and spend money making it rent ready, I'm not sure what to classify as maintenance vs adding to my cost basis. For example:

* Getting new door locks

* Getting a new garage door opener

* Lawn service

* Painting

* Cleaning

* Utilities

* Buying air fresheners & flowers

Previously every $ spent prior to the first tenant moving in I've added to my cost basis, but I'm starting to second-guess myself.

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