Labor Costs. Labor costs are rolled up into the cost of the rest of the project for the purpose of figuring deductions and depreciation. The IRS considers labor costs on improvements and renovations to be a capital expense.
According to a 2014 GAO study, Milwaukee has some of the country's highest health care costs. A total hip replacement costs up to $11,000 more in that city's hospitals than in those of Minneapolis, Boston, Cleveland or St. Louis. Similarly, placement of a coronary stent costs up to $13,000 more in Milwaukee than in most other markets.
In the Milwaukee area, condo fees vary by development with fees for urban locations ranging from $110 to $200 per month, according to Chris Haines, a partner with Milwaukee Executive Realty. He added that suburban condo fees are relatively lower due to the age of most developments.