How Much Does It Cost To Build An Apartment Complex
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Apartment Wikipedia
A unit 861 square feet with a footprint of 24x35 the size of an average apartment.
How much does it cost to build an apartment complex. For instance if we have to replace a washer and dryer in 1 unit and they need to match it is as much as your entire year for appliances. The cost of a new apartment complex is highly variable depending on what type of construction the size of the. We manage a 20 unit renovated building in vicksburg ms and our ongoing operating and maintenance costs are far more than in you typical example. Owning an apartment complex straddles the line between an investment and a career.
So how much does it cost to build an apartment. Average apartment building cost. Apartment building construction cost breakdown in the realm of architecture each project is unique and along with every individual project comes its own cost driving program elements. Also how do management cost only come to about 6000 for a.
Materials would cost around 465 million labor would cost roughly 451 million machine costs would stand at roughly 232000 and the contractor would take in over 13 million for the project. But when it comes to the cost of an entire building complex theres more to simply crunching the figures based on the average unit cost. Apartment buildings are no exception to this rule as they can be as simple as a 3 story walk up or as complex as an urban development project with various construction limitations. Make sure that you get a detailed estimate from a contractor that covers all costs fees and materials.
Wiki user december 17 2009 542am. The basic structure of this building would be best if left in an uncomplicated four square design. For calculating labor cost and basic building components let us defer to the 2013 rsmeans data. On the other hand apartment complex ownership can be much more involved.
Assuming all of these costs a three story masonry unit that has 12 apartments would actually cost as much as 94 million without the inclusion of land or site improvements. The cost to build an apartment versus the actual price of completing an apartment building is quite different.
