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.

This calculator shows rentals that fit your budget. Savings debt and other. The following analysis estimates the cost to build an apartment 4 7 story using us national average costs from 2013 rsmeans cost data. This project will require the assistance of an architect and a general contractor.

Input your net after tax income and the calculator will display rentals up to 40 of your estimated gross income. Just select the house or garage calculator above then enter the required fields. Cost to build will do the rest and provide you with a cost summary. The cost to build calculator helps you calculate the cost to build your new home or garage.

Income generating properties include warehouse units apartments office buildings rental houses and more. Some contractors however may charge as much as 200 per square foot depending on the work required and the rates of subcontractors. Expenses could impact the amount you want to spend on rent each month. According to the most recent cost estimates multifamily apartment construction currently costs between 64 500 to 86 000 per unit.

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. Quickly estimate the cost of residential and commercial projects in over 160 us. Construction cost estimates for apartment 4 7 story in national us.

Based on a building with 12 average sized units the national average for construction is about 125 per square foot. Apartment construction costs per unit. 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. 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.