Cleaning and repairs in lieu of deposit?

We found a house to rent that is fairly dirty. Carpets need to be replaced but landlord wants them steam cleaned instead. Paint is terrible, holes in the wall, some cabinets are missing, kitchen sink is over 55 years old. He said we can put our sweat into the house (painting, steam cleaning, wall repair) in lieu of the deposit. My question is this: If we are spending our money to get this house sanitary, should we get our money back after the lease?

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