topic Is foundation work on a rental considered improvement or repair? in Investors & landlords

Is foundation work on a rental considered improvement or repair?

ah — Sun, 28 Feb 2021 20:56:40 GMT

Pier and beam house with essentially no clearance in crawl space so foundation was lifted and leveled at the same time.

Re: Is foundation work on a rental considered improvement or repair?

ColeenD3 — Sun, 28 Feb 2021 22:49:48 GMT

That is definitely an improvement. It has a useful life of 27.5 years, the same as the building.

Re: Is foundation work on a rental considered improvement or repair?

ah — Mon, 01 Mar 2021 01:08:43 GMT

To follow up, because the foundation was lifted and some beams replaced, it broke some plumbing, porch posts, siding, drywall, etc. Would this additional repair work be counted as improvement or repair.

Re: Is foundation work on a rental considered improvement or repair?

ColeenD3 — Mon, 01 Mar 2021 15:56:04 GMT

By itself, it would have been a repair, but when done in conjunction with an improvement, it becomes part of the improvement.