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Where the money went: Carl Balton's Mar Vista remodel

Baltoninside_2Here's where the money went for Carl Balton's Mar Vista remodel, featured in a previous post:

Electrician: $1,060
Plumber: $550 (plus one snake aquarium)
Wood floor refinishing: $1,300
Trash hauling: $270
Friends' labor: $3,734
Bathroom fixtures, vanity: $2,000
Tile and countertop: $1,260
Tile setter: $660
Bathroom counter: $800
Shower curtain and track: $295
Bathroom materials: $703
French door: $1,605
Interior paint, moldings: $1,754
Fireplace repair: $1,600
Lighting: $767
Exterior paint: $812
Landscaping: $2,656
Ironwork, cabinetry : $614
Construction materials: $2,680

Total: $25,120

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Comments

Since you're an accountant, I thought I'd ask: Can you write off your friend's labor on your house? What if you were fixing up a rental?

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Kathy Price-Robinson has written about remodeling for 17 years, focusing both on the process of home improvement, as well as the product. She writes for both consumer and contractor magazines, and her award-winning series, Pardon Our Dust, has appeared in the print edition of the Real Estate section of The Times since 1997. This blog is a spin-off of that column. Kathy lives in a house with good bones and a lot of potential, and shares her life with one husband, one dog, two horses and three quite exceptional stepdaughters.

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