It is stated that if repainting is done as part of a larger project, then it can be considered a Capital Improvement.
I recently performed a 1st time unit turn on the bottom floor apartment of my rental property. The work included:
- Replacing the prior owner's carpet throughout the entire unit
- Replacing the refrigerator
- Replacing the roof, as the leaks were disproportionately impacting the bottom unit
I also did some additional non-improvement work such as cleaning, new locks, fumigation, etc.
Is this sufficient grounds to declare the repainting of the entire unit as a Capital Improvement?
