This does not include the costs of building the entire structure or any architect or contractor fees, but it includes the materials, building, and finishing of each unit. Updated the final costs with the national average range.Īnother factor in determining the apartment building’s total cost is to look at the cost per unit.Added an FAQ section with 4 questions and answers.
Updated the additional considerations section with cost estimates and variations, licensing info, and the 2% rule.Updated the enhancements section with the cost of luxury buildings.Added a section on single vs multi-family buildings.Added a section on the cost of owning an apartment building.Added a section on the cost of maintenance.Added a section on the cost factors that could influence the project.Revised the cost breakdown section with new percentages.Added a section on the cost of prefab building.Added a section on the cost per building type with a table and subsections.Added a section on the cost of building per unit.Added a section on the cost of building per square foot.Updated the introduction with a new project scope and an average project cost range.Two questions and answers were added to the FAQ section.Enhancements section was updated with the costs and information for building a parking garage or lot.Two subsections were added to the section on cost of apartment buildings by unit size - 8 and 12.Two sections were added to the table on cost of apartment buildings by unit size - 8 and 12.Added external references to the end of the guide.
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