How much does it cost to construct an apartment building?
How much does it cost to construct an apartment building?
The national average cost to build an apartment building is between $4.5 and $50 million, with most people paying around $10.5 million for a 5-story mid-rise apartment building with a total of 50 units….Apartment Building Cost by Type.
| Apartment Building Type | Average Construction Cost per Sq. Ft. |
|---|---|
| High-Rise | $225-$400+ |
How much does it cost to build a 2 story apartment?
Building a second-story addition usually runs between $100 and $300 per square foot. It can cost as much as $500 per square foot depending on the quality of materials and complexity of the project.
How much does it cost to build an apartment in India?
Similarly, constructing a mid-rise luxury apartment will cost Rs 3,875/ sq. ft in Mumbai and Rs 3,410/ sq ft in Delhi. While constructing a medium-rise commercial building in Mumbai would cost Rs 3,250/sq ft, the price would be Rs 2,860/sq ft in Delhi and Rs 2470/sq. ft in Hyderabad for constructing similar property.
How are apartments constructed?
The sequence of construction is this till the last floor. Meanwhile brick masonry for the walls are done along with placing of lintel beams and door and window frames are put in place. Plastering and painting marks the end of construction. Beginning of selling phase – apartments are generally sold in amount/sq ft .
How to calculate the cost of building an apartment?
Added a section on the cost of building per square foot. Added a section on the cost of building per unit. Added a section on the cost per building type with a table and subsections. Added a section on the cost per story. Added a section on the cost per unit. Added a section on the cost of prefab building.
How much does it cost to build a 3 story apartment?
The following analysis estimates the cost to build an apartment, 1-3 story using US National Average costs from 2013 RSMeans cost data. Costs are derived from a building model that assumes basic components, using union labor for a 22500 square foot building. Scope differences and market conditions can cause costs to vary significantly.
How much does it cost to build a 50 unit apartment building?
Cost to Build a 50-unit Apartment Building At 50 units, you are officially in a mid-rise apartment building, so your costs increase. If this is a luxury building, it could be more than 12 stories, making it a high-rise, costing between $7 and $50 million. Cost to Build a 100-unit Apartment Building
How much does it cost to build a 20 story building?
20-story buildings have the same cost per square foot as 15 stories and use the same structural materials. Because they are larger, they have higher overall fees, with costs between $25 and $50 million on average. Cost to Build a 30-story Building The same cost per square foot of 15 and 20-story buildings applies to 30-story buildings.