Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Off Topic
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago on . Most recent reply

User Stats

21
Posts
12
Votes
Derek Heinz
  • Seattle
12
Votes |
21
Posts

Renovate before renting out?

Derek Heinz
  • Seattle
Posted

Hello, all. 
A quick question to which I'd appreciate feedback and guidance: I am considering making my primary a rental. That's a whole different discussion as to whether I should sell or rent it.... But putting that question on the back burner for now, here's the scenario I'm considering: 

If I do choose to rent it out, I have some work I'd like to do on it, including a bathroom renovation and tiling in the kitchen. Other than that, a few little things. I have a contractor all ready to go, and he works fast, so that's not a problem. But I'm not sure how this works as far as tax implications. If I do all this work now while living in the home, I'm assuming I will not get the tax benefits, right? So then I have to wonder if there's a better way to do this, but the only approaches I can think of are to find a tenant who's comfortable with having this done while they live there, OR I could move out and have the work done while it's on the market? 

What I think I'm really asking is whether there are other good options I've failed to consider.... 

Thanks so much, everyone, for any guidance you can provide! 

  • Derek Heinz
  • Most Popular Reply

    User Stats

    134
    Posts
    22
    Votes
    Jay Y.
    • Real Estate Agent
    • Atlanta, GA
    22
    Votes |
    134
    Posts
    Jay Y.
    • Real Estate Agent
    • Atlanta, GA
    Replied
    Not sure about the tax question but I would have it renovated while you're still living there, assuming it's not the only bathroom in the house.  Once that's done, you can start listing your house and do the showings yourself assuming you can pack up all your belongings and move into a new place within a weeks period.  Good luck! 

    Loading replies...