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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.
Kitchen and bathroom renovations often yield the highest return on investment.
As an independent contractor, you are responsible for managing your own taxes, providing your own tools and resources, setting your schedules, and ensuring you meet the terms of your contract.
It depends on the condition of the existing structure, local regulations, and budget. Gutting might be cheaper, but rebuilding ensures everything is up to current standards.