Hi everyone,
Just wondering how do people usually calculat the cost of developing apartments? How much extra would the cost increase as the number of floors increase with and without an elevator?
Is it usually based on a $cost/unit regardless on the configuration (1x1, 2x2, etc.) or is it individually calculated?
I was informed that cost for building a 2-storey apartment is about $200k/unit while going higher would be $250k/unit for an average finish.
Has anyone had experience with apartments and can clarify?
Cheers!
Just wondering how do people usually calculat the cost of developing apartments? How much extra would the cost increase as the number of floors increase with and without an elevator?
Is it usually based on a $cost/unit regardless on the configuration (1x1, 2x2, etc.) or is it individually calculated?
I was informed that cost for building a 2-storey apartment is about $200k/unit while going higher would be $250k/unit for an average finish.
Has anyone had experience with apartments and can clarify?
Cheers!