Carpet Replacement: Is It a Maintenance Expense for Rental Properties?
Replacing carpet is a capital expenditure, not a maintenance expense. It depreciates over a 5-year period. Carpet lifespan varies from 5 to 15 years. Choosing quality commercial carpets can boost tenant satisfaction and reduce future costs due to high foot traffic. Consult IRS rules for potential tax deductions. In many regions, the cost of carpet … Read more