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Cost of Improvement

18 October 2009

hi frens!!

Plz gv Professional opinion whether we can take into account - cost of repairs, painting, flooring, elctrical fitting, purchase of TV, Fan, some furniture into cost of improvement if we are selling the house along with every article in it!!

thx

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Sunil (Trader) (2611 Points)
Replied 19 October 2009

Improvement is usually structural repairs / renovations. Your painting (plastering etc.) and flooring, bathroom etc. could be considered as an improvement as they are part of the structure. A rolling shutter added to a shop is also a structure added. As far as item of furniture are concerned,the only item that can be considered an improvement is if you make a permanent wooden partition in the structure like making 2 bedrooms into 3 or 4, dividing 1 bathroom into 2.

However, I would suggest not to go through all that. They usually ask for architects or structural engineers certificates and such things for all the repairs you carry out structurally. For simple things like painting and flooring change or even improvement to bathrooms etc. they may allow you on bills of items and contractor.