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These expenditures are capitalized, meaning they are added to the property's basis and depreciated over time.Examples of Capital ExpendituresBuilding Additions: Adding a new room, deck, or other structural improvements.Major Renovations: Remodeling a kitchen or bathroom, replacing the roof, or significant electrical and plumbing upgrades.Appliance Replacement: Installing new HVAC systems, water heaters, or other major appliances.Structural Repairs: Replacing the foundation or significant repairs to the building’s structure.Labor CostsLabor Costs: The costs paid to contractors, electricians, plumbers, carpenters, and other professionals involved in the renovation are part of capital expenditures.Example of Capital Expenditures with LaborSuppose you renovate a rental property, including a new kitchen and bathroom.Materials: $15,000Labor Costs: $10,000Total Capital Expenditure: $25,000This $25,000 would be capitalized and added to the property's basis.

But it got me curious, so I asked them what make/model they were going to install, and how many man-hours it would take?

As an owner is it better to a) install mini splits or  b) make renter supply their own air conditioner.

So you look at the house and see that it is 1200 square feet, you estimate that you will need 800 square feet of LVP and you know you can get that for $1.25/sqft plus 1k installation so that is $2,500 for floors. 

Lets say if I have 15 years of depreciation in a home left and I installed a new HVAC, can i depreciate the new HVAC system over 15 years or does it have to be 27.5 (a lifetime that exceeds the rental property)? 

There is room to move the stairs to a different location but without having done one of these before, had a few questions I was hoping you all could chime in on.1) What amount should we budget to install a new set of stairs with the correct run and rise for each step? 

After reading the nightmare stories some of you shared, I’ll not use Lowe’s or HD installation.

That being said I would look for properties that already have pools and would not advise to install one given the cost and most importantly the time it will take your property out of service. 

Partner Driven installed a new HVAC system, applied fresh paint, updated fixtures, and added new appliances.