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.
The cost of repairs, on the other hand, don't add to your basis. Fixing a gutter, painting a room or replacing a window pane are repairs rather than improvements. When you sell a home, your profit is basically the net proceeds of the sale (selling price minus expenses, such as the agent's commission) minus your adjusted basis.