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The 30% rule suggests that you should spend no more than 30% of your home's value on any single renovation to ensure you don't overcapitalize on the investment.
While both terms imply working for oneself, "self-employed" is a broader term that includes business owners and entrepreneurs, while "independent contractor" refers to someone providing services under a contract without being an employee.
Similar to employees, but focus on their experience, past projects, references, the tools they use, and their understanding of the project at hand.
For personal residences, no. But if it's a rental or business property, you might depreciate the expense over time.
The most important part is ensuring that the construction or renovation is completed to the client's specifications, within budget, and on schedule while adhering to safety and quality standards.