Build a Home

What does it take to build an apartment building?

I mean a high rise apartment building? Also how much do you usually rent an apartment like that for?

Public Comments

1. 2 points
2. lots of money.
3. You need land, financing, a lender, approval from local authorities, an architect, a contractor.
4. $200 a sq ft minimum .
5. Usually you need construction workers for that. Also the most important thing is money. You can't build anything without that. If you want to know the rent, it really depends on where you live. If you live in california, usually it's 1240 for a one condominium and in new york it's usually 3x the price.
6. Start with a Feasibilty study. Will the proposed rents cover the debt & costs of doing business? What will the absorption rate be, how long will it take to rent up the building? Does your proposed project make sense in the area you're targeting? etc etc etc....