Is Painting a Maintenance Expense or Capital Improvement?
Painting is one of the most important aspects of home maintenance. It can improve the appearance of a home, increase its energy efficiency, and even increase its market value. But what kind of expense is painting? Is it a maintenance expense or a capital improvement? The answer to this question depends on the particular circumstances. In general, painting is considered a maintenance expense. This is because painting is typically done to protect the home from damage or deterioration, as opposed to making it look better or increasing its value....