The remodeling costs would be reported as an asset for your Home Office. The depreciation expense from this asset would be reported on Form 8829.
There is no limit to the expenses you may report for your Home Office. However, the home office deduction is limited to your income. A net loss for the business may not be created by claiming this deduction, so there is no incentive to maximize a home office deduction if you don't have the business income to match.
For more info, see IRS Pub 587 Business use of Your Home - Deduction Limit.
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