Rating Newest Oldest. Best Answer: The lowest price I've found in Southern California is $125.00 per square foot which is extremely reasonable. Most builders charge more than that. That price is for a 2000 square foot ranch style home with three bathrooms, and a three car garage.est Answer: The lowest price I've found in Southern California is $125.00 per square foot which is extremely reasonable.
Normally, the patching, painting, and floor work are repairs and the other expenses are permanent improvements. However, because the work gives your property a new use, the entire remodeling job is a permanent improvement and its cost is added to the basis of your property.
You get the repairs done after you have closed on the house using these funds. You can normally get the seller to pay for the repairs this way since it comes out of the proceeds from the sale of the property. I do not suggest you put one red cent into the property until you have closed. Only then would you make any repairs. Otherwise you could find yourself fixing up a house for somebody else.