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Renovation tips for savvy investors

Renovating an investment property is different to renovating your own home. Whether the renovation is big or small, you will be taking a head over heart approach and doing what will help you improve your return on investment.

Renovation
Depreciation rates vary depending on the type of finishings installed in a renovation. Photo: Shutterstock

Renovating an investment property is different to renovating your own home. Whether the renovation is big or small, you will be taking a head over heart approach and doing what will help you improve your return on investment. 

Claiming depreciation deductions on the assets installed during a renovation usually isn’t front of mind. However, choosing assets for your renovation that hold higher depreciation deductions can boost your cash flow soone…