Apartment Building Cost Calculator

There is some overlap and variation depending on whether this is a luxury mid range or builder grade apartment building.

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. Quickly estimate the cost of residential and commercial projects in over 160 us. Use our construction cost calculator to quickly estimate new construction costs on over 50 building types. 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.

Based on a building with 12 average sized units the national average for construction is about 125 per square foot. For the building of an apartment building with twelve units the typical costs include. Income generating properties include warehouse units apartments office buildings rental houses and more. Input your net after tax income and the calculator will display rentals up to 40 of your estimated gross income.

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 is fast accurate and it s free to use. This calculator shows rentals that fit your budget. Costs are derived from a building model that assumes basic components using union labor for a 60000 square foot building.

Some contractors however may charge as much as 200 per square foot depending on the work required and the rates of subcontractors. Apartment construction costs per unit. Expenses could impact the amount you want to spend on rent each month. Cost to build will do the rest and provide you with a cost summary.

This project will require the assistance of an architect and a general contractor. Just select the house or garage calculator above then enter the required fields. Savings debt and other. The cost to build calculator helps you calculate the cost to build your new home or garage.

According to the most recent cost estimates multifamily apartment construction currently costs between 64 500 to 86 000 per unit.