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Can I include Roof replacement done by Seller part of rental property assets valuation
Here is my situation: I purchased this property as my primary residence on 2019. During the contract period, I found and reported major issues with Roof. Sellers acknowledged and used their home insurance policy to replace the roof. I still bought it for the same old appraised price. I did couple of property improvements during my stay. Fast forward on September last year, I moved out and converted it to a rental property. Given this context, can I include or exclude property appreciation for 3 year old roof among other improvements done?
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‎April 12, 2023
12:20 AM