the value of home improvements against depreciation


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I share a small cabin with a friend that we bought 15 years ago for 25K total. We each paid half. It was a "fixer upper". I then invested $25K into the cabin to make it liveable--I installed a bathroom, hot water heater, floors in two rooms, etc. She didnt have any money at the time, so the deal was, I would own whatever equity share I contributed.

The market value of the cabin has increased as a result of the improvements I paid for. On the other hand, does the 15 years of depreciation outweigh the increase in market value? What is my share at this point?
Cabin Fever
 
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