Apartment Building Cost Calculator

Quickly estimate the cost of residential and commercial projects in over 160 us.

Apartment building cost calculator.

Cost to build will do the rest and provide you with a cost summary. The following analysis estimates the cost to build an apartment 4 7 story using us national average costs from 2013 rsmeans cost data. Based on a building with 12 average sized units the national average for construction is about 125 per square foot. Expenses could impact the amount you want to spend on rent each month.

For the building of an apartment building with twelve units the typical costs include. Costs are derived from a building model that assumes basic components using union labor for a 60000 square foot building. The cost to build calculator is fast accurate and it s free to use. There is some overlap and variation depending on whether this is a luxury mid range or builder grade apartment building.

Just select the house or garage calculator above then enter the required fields. 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. Input your net after tax income and the calculator will display rentals up to 40 of your estimated gross income. 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.

The cost to build calculator helps you calculate the cost to build your new home or garage. Use our construction cost calculator to quickly estimate new construction costs on over 50 building types. According to the most recent cost estimates multifamily apartment construction currently costs between 64 500 to 86 000 per unit. 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.

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 construction costs per unit. Income generating properties include warehouse units apartments office buildings rental houses and more. Construction cost estimates for apartment 4 7 story in national us.

Some contractors however may charge as much as 200 per square foot depending on the work required and the rates of subcontractors.