We built our personal home from dirt up and while it definitely can be more challenging, you will capture additional value vs buying new if it is done correctly. 

Start doing category 1 items right away, provide notice and do category 2 as soon as you can and finally prepare and get ready to initiate category 3 items based on your ability to handle them. 

I want some insight on the action items we need to do to know a good amount needed to start.... we are new and want to get in real estate for long term help for our family.

I received incredible advice on my last post and completed a series of case studies in the SF Bay Area.I wanted to dive deeper into the community's recent experiences about renovation items with stronger ROIs and appeal to end buyers.

**Proactive Steps**: - **Prepare for Inspection**: Ensure the property is in excellent condition, with all necessary safety items in place (e.g., smoke detectors, proper handrails).

The use of software depends on the complexity and how much data we want to capture. 

What’s best way to capture that equity and stay in our current spot?

They are just now getting around to telling the truth.costco is a great indicator of inflation on grocery items.. 

To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.

I have worked with many lenders that will give you the run around, ask for more items, with no clear cut guidelines.