Since the fence was damaged and replaced due to a storm, it’s restoring the property rather than improving it. 

I was also thinking maybe find a home for cheap and restoring it for myself with a construction loan.

Does anyone have any experience in restoring this type of issue? 

However there are many questions to determine if the roof work is a capitalized betterment or a restoration.  

It's been restored through the magic of television :) 

And, you have all that TIME restored, for other deployment.  

The state is falling apart, particularly NYC, and until rule of law is restored, it will only get worse.

These are typically deductible in the year they’re done.On the other hand, improvements that better the property, restore it after substantial damage, or adapt it for a new use generally have to be capitalized and depreciated over time.Now, if the cost is $2,500 or less, you might be able to use the De Minimis Safe Harbor election to expense it immediately, rather than depreciating it.

Look at places like Habitat for Humanity Restore.

At the end of the project's life the land must be restored to a natural state and the materials must be recycled if possible, eg. stripping out metal, etc.