Apartment Building Cost Calculator

Income generating properties include warehouse units apartments office buildings rental houses and more.

Apartment building cost calculator.

There is some overlap and variation depending on whether this is a luxury mid range or builder grade apartment building. The cost to build calculator is fast accurate and it s free to use. Construction cost estimates for apartment 4 7 story in national us. The following analysis estimates the cost to build an apartment 4 7 story using us national average costs from 2013 rsmeans cost data.

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. Costs are derived from a building model that assumes basic components using union labor for a 60000 square foot 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.

Cost to build will do the rest and provide you with a cost summary. Input your net after tax income and the calculator will display rentals up to 40 of your estimated gross income. 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.

Just select the house or garage calculator above then enter the required fields. 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. This calculator shows rentals that fit your budget. 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.

This project will require the assistance of an architect and a general contractor. Savings debt and other. Some contractors however may charge as much as 200 per square foot depending on the work required and the rates of subcontractors. For the building of an apartment building with twelve units the typical costs include.

Expenses could impact the amount you want to spend on rent each month.