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.
Tax Write-Offs for Remodeling Rental Homes. Rental home remodeling offers several types of tax write-offs. One of the advantages to owning rental property is being able to write off the costs of maintenance, repairs and improvements. The Internal Revenue Service treats repairs and improvements differently, so it's vital to know the difference, and how to claim your expenses on your tax return. No matter how extensive the remodeling, you can write off the full amount, as long as the property remains a rental once the improvements are completed.