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.
Trips from your home to the paint store and the house are deductible, either by claiming the actual cost or deducting a standard per-mile rate. If you reporting rental income on a cash basis, as most owners do, you claim the deduction in the same tax year you pay the bill for repairs.