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 may be able to amortize your painting expenses. If you are the tenant of a building that you have recently painted, you may be able to amortize your painting expenses. Interior and exterior paint qualify as a leasehold improvement, which is an improvement that is affixed or remains with the building or property. The associated expenses are capitalized by the tenant of the leased property, which means the amount will be included on the balance sheet instead of the income statements.