Quote:
Originally Posted by pornhead
Good tip, but not all landlords would do something like this for you, even if you pay more - at least in my renting experience (some landlords wouldn't fix a broken window). So yeah if you make upgrades / changes and then you move you lose your money and time investment. That's one of the reasons I consider buying, right now prices are low.
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Thats true - it depends on the landlord.... my point was though to make a deal with him to do the mods, and to seriously consider everything before doing the mods yourself.
We dropped $50,000 worth of mods on our old office which was at the time, 6000 square feet of office space. We cut through brick walls, built new ones, repainted the ceiling, extended the air conditioning, etc. I was happy at the time but the building itself was in bad shape (gaps between walls and windows, and an air conditioner which flooded a studio, etc). We gave up the space 3 years later so right now, some other company is enjoying that $50k of mods.
To make matters worse, the company hired to do the mods wanted cash, and they in turn screwed around when it came to taxes, etc. In the end the $50k was NOT tax deductible. It just became a big mess that lasted years.