Apartment Building Cost Calculator

This calculator shows rentals that fit your budget.

Apartment building cost calculator.

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. Construction cost estimates for apartment 4 7 story in national us. Apartment construction costs per unit. The following analysis estimates the cost to build an apartment 4 7 story using us national average costs from 2013 rsmeans cost data.

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. Use our construction cost calculator to quickly estimate new construction costs on over 50 building types. The cost to build calculator is fast accurate and it s free to use. Quickly estimate the cost of residential and commercial projects in over 160 us.

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. Input your net after tax income and the calculator will display rentals up to 40 of your estimated gross income. Costs are derived from a building model that assumes basic components using union labor for a 60000 square foot building. There is some overlap and variation depending on whether this is a luxury mid range or builder grade apartment building.

Based on a building with 12 average sized units the national average for construction is about 125 per square foot. Income generating properties include warehouse units apartments office buildings rental houses and more. Just select the house or garage calculator above then enter the required fields. 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. 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. Savings debt and other. According to the most recent cost estimates multifamily apartment construction currently costs between 64 500 to 86 000 per unit.

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