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.
Best Answer: If the FHA appraiser notes it as a required repair it will have to be done before closing unless HUD is the seller or you are getting a rehab FHA loan (which you specified that you aren't).f you wrote the offer correctly and the house's condition actually is refused by FHA, either the sale will be canceled or the seller will have to do the repairs before closing. if all that is found in inspection is peeling paint, i doubt you will be rejected.