However, if you are doing cosmetic renovations (paint, cabinets, countertops, etc.), you do not need any forms—just keep track of your spending to share with your tax advisor at the end of the year.The best way I’ve found to keep track of expenses is through a credit/debit card that is dedicated ONLY to your business.

My best projects are usually taking a dated home and cleaning it up with interior cosmetic renovations.

It will be used for the construction of an ADU conversion with possibly some cosmetic rehab costs in the main house.

Yes, if something breaks fix it, but if all ok just not cosmetically acetic then leave it alone.

I have also made cosmetic updates to the 2 bedroom side, including a full bathroom renovation, this is also a long-term lease.

Let me explain that better, imagine your rehab is $100k, you would need to do part of the rehab, maybe $10k, and then you can get the funds for those first $10k reimbursed so you can keep progressing with the rehab.Given your experience, I would recommend you start with a moderate or light rehab, mostly cosmetic work so that you can do it yourself and won't get your profit decreased by hiring third parties.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $380,000

Cash invested: $60,000

Sale price: $525,000

I was asked by the realtor to give the owner recommendatio...

What is your comfort level on construction - cosmetic, mid-level or gut to the walls?

Developed by Icade Promotion and Groupe Duval, the site is already 90% leased just months after completion, with tenants like Nocibé, a French cosmetics distributor, leading the charge.

As mentioned above, the builder is just going to complete any necessary corrective work as part of their pre-close punchlist.Here is an exact quote from one of my builders (49-unit townhome project) from a couple of weeks ago on the topic of third-party inspections:"•We will solve items that fall under the category of our Fit and Finish Warranty or any life-safety issues •Cosmetic or "recommended" items from the inspector may not be considered and are subject to Builder review and discretion."