I believed the costs associated with restoring the property to a sellable condition, rather than being deductible anywhere, would instead add to the property's cost basis. 

Southern Pro Restoration always does a great job with integrity:http://southernprorestoration.com

Without liquidity restored to the market, it's very hard to get the money flowing to the proper channels, so that other direct lenders can make the type of loans we were seeing pre-pandemic. 

Last thing, forget the classical causation for appreciation and think about this, if you can buy several properties in one community/neighborhood and restore them and place families in them, by creating the right kind of density in the neighborhood, the value right around your homes will rise. 

Depending on how they are done, these alterations can ruin a property, or if you are lucky, thought went into the alterations and the old doors and trim were saved in the basement, making the restoration of the real charm somewhat easier.To summarize, you really need to understand fundamental construction and either have plenty of experience to know what you are looking at, or Pros you can truly trust and rely on to adequately evaluate your opportunity and provide numbers that hold true to a high degree.

@Richie Thomas go the thrift store, Habitat for humanity restore, Craigslist route

I am a 203k specialized contractor that advises in restoration and rehabilitation of single family homes in the Philadelphia area.

I have been and am currently a project manager for a restoration company.

The house across the street from ours was purchased for the same amount as we backed out last minute due to conflicts with the  HOA and their request for a historical restored rehab which would have cost way more than the house would ever be worth in our analysis.

Hi All, does anyone have a good recommendation for contractors in Gastonia that understands historic restoration?