Factor it into your cost and decision. 

It would serve you well to discuss these definitions with appraisers and perhaps your local building authority before making a decision. 

Unfortunately, Covid decided to change my plans, and I made the decision to hold off, in hindsight it was a huge mistake and no one could have imagined that property values could have increased at such a high rate.

There are still other factors to analyze before making that decision.

But investing is a decision business, do I make an offer?

@Michael Clardy Your decision should focus on tax efficiency and long-term financial goals.

That pushes people to make a quick decision.

A good real estate accountant can save them thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend that they find a tax accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend that they look for a accountant willing to work with them throughout the year, who can help them strategize and who is responsive when they want to know the consequences of the financial decisions they are making throughout the year.Good luck.

That said, I wouldn't let projecting rates factor into my decision as much as whether or not you want to pull the extra $$ out.

"As a newcomer to commercial real estate, I believed investing $10,000 in education would be a wise decision.