Apartment Building Cost Calculator

Real estate investments generate income through rent some people invest in properties such as buildings commercial complexes or houses for the purpose of renting them out.

Apartment building cost calculator.

This estimate uses contractor fees of between 85 and 200 per square foot psf to provide a reasonable range between the most and least expensive markets as the average contractor fee in the u s. Use our construction cost calculator to quickly estimate new construction costs on over 50 building types. Expenses could impact the amount you want to spend on rent each month. Construction cost estimates for apartment 4 7 story in national us.

Just select the house or garage calculator above then enter the required fields. Apartment construction costs per unit. Based on a building with 12 average sized units the national average for construction is about 125 per square foot. This calculator shows rentals that fit your budget.

Some contractors however may charge as much as 200 per square foot depending on the work required and the rates of subcontractors. This project will require the assistance of an architect and a general contractor. There is some overlap and variation depending on whether this is a luxury mid range or builder grade apartment building. The total cost range per square foot to build an apartment building is between 85 and 400 a square foot with an average cost of 229 a square foot.

According to the most recent cost estimates multifamily apartment construction currently costs between 64 500 to 86 000 per unit. Savings debt and other. Cost to build will do the rest and provide you with a cost summary. Income generating properties include warehouse units apartments office buildings rental houses and more.

The following analysis estimates the cost to build an apartment 4 7 story using us national average costs from 2013 rsmeans cost data. The cost to build calculator helps you calculate the cost to build your new home or garage. For the building of an apartment building with twelve units the typical costs include. Utilizing mid range materials a normal foundation with full basement efficient doors and windows all appliances and turnkey finishing would run at an average of 64 575 to 86 100 per unit to complete.

The cost to build calculator is fast accurate and it s free to use.