I bought a 943 sq ft. 2B 2B condo in May 2021 for $375K where I rent half the condo to a tenant for $1,000/month and live in the other half. The bathtub of the tenant bathroom has had a loud creaking sound ever since I bought the home. The bathtub is probably the original one from when it was built in 1990, the cheap white acrylic kind. The creaking is probably the early stages of the tub failing at some point.
This tenant has not made an issue of it, but I have a month-to-month tenancy so he could leave on short notice. I’m trying to think ahead and I’m considering doing a simple bathroom remodel where I would change the tub/shower with something like one of those stone shower ones. My goal is to add value and quality but nothing to fancy. My thinking is it’s to repair/replace something that is starting to go bad, possibly be a nicer amenity to increase rent for the next tenant, and ultimately help in home value when I sell.
Since the existing tub is going bad is this something I can get away expensing? I’m not to familiar with the rules but from what I can tell the typical process is to depreciate over 10 years. For those of you that know what would the cost of something like this be? I have a 2nd floor unit and the bathroom is a bit on the smaller side basically as long as the tub is and not much wider than the length of a tub. Again, my initial idea would be to limit the remodel to just the tub and change it into one of those stone/tile standing showers. In people’s experience how long would something like this take? What are maybe some other options for the tub material or style wise that are better than an acrylic tub but don’t cost a fortune? Also, I’m currently only thinking of doing this for the tenants room and not my own since my bathtub seems fine but at the end of the day when I sell, would it be particularly odd if 1 shower tub is remodeled and the other were not?
I don’t know how long I plan to live here but due to work and a few other factors at least 6 more years.