Cost to build 4 unit townhouse
Building a four unit apartment building is a great way to get into the real estate market, especially if you’re a first time buyer. A four unit apartment building is basically like having your own little rental empire. You’ll have four separate units that each generate income, and all of that income will be yours to keep. You can also use your rental profits to improve the building or make repairs as needed.
If you want to build your own four unit townhouse, there are a few things you need to consider before starting construction. Here are some things you should know about building a four unit townhouse:
Size – Each unit should be slightly larger than other apartments in the neighborhood so that tenants feel like they’re getting more for their money. This means that your four unit townhouse will probably be larger than other buildings in the area, but it’s worth it for the extra space and comfort of larger rooms and bathrooms.
Location – Make sure that you pick a location that’s convenient for tenants and easy for them to get around in. Pick an area with good schools within walking distance and easy access to public transportation such as buses and trains if possible. Tenants won’t want to walk too much farther from their homes than necessary every day!
Cost to build 4 unit townhouse
The cost to build a four unit apartment building depends on the size of the structure, the quality of your materials and labor, and whether you hire a contractor or do it yourself.
If you have the skills and tools required to build your own home, then you can save money by doing it yourself. You can also save money by using cheaper materials or hiring less skilled workers. If you hire contractors or buy high-end materials, then your costs will increase substantially.
Costs of Building a Four Unit Apartment Building
The following are some approximate costs for building a four unit apartment building:
Site preparation: $5,000 – $20,000
Foundation/basement: $5,000 – $40,000 (depending on depth)
Roofing: $15 per square foot (typical 2nd story flat roof)
Framing: $7 per square foot (typical 2nd story flat roof)
Exterior walls: $8 per square foot (conventional construction)
Interior walls: $4 per square foot (conventional construction)