This law was repealed and replaced with Section 121 in 1997.

I would say you stay until you see a comparable sell for the amount of profit you want or feel would be a good gain for you.Add to the house instead of replacing stuff that is brand new.So many idea's..

Since a roof over their head is the minimum that anyone expects out of a house it can never add any more value than the cost of replacing it.

She had to have the whole floor - subflooring and all - replaced.

I have been working out a way to replace the 360-Tours with Home Video Tours.

Also there is a much stronger market for the $600 rental.The downside is that you have 4 times as much painting to do, 4 times as many appliances to replace when they die, 4 times as much roofing and the insurance on 4 will cost more than the insurance on 1 or 2, quite a bit more in every state that I'm aware of.

For example, $3,000 worth of appliances would incur a $31/mo repair/replacement budget.

My view is that I should ignore my CPA, and go with the REPLACEMENT VALUE the insurance company assessed on the building.

Last year I paid $4000 to have a sewer line replaced from the house to the street.

Ex Replace roof on 2100 sft sfh.