![]() ![]() Additionally, the cost of architects and engineers should be taken into account, as well as the cost of permits and fees. Materials costs are also a major factor, and can include the cost of lumber, drywall, and other materials needed for the project. This includes the cost of contractors, subcontractors, and any other labor costs associated with the project. Additionally, it is important to factor in the cost of any unexpected expenses that may arise during the construction process.Īccording to the Multifamily Construction Costs: An Investor Guide, labor costs are typically the largest expense for multifamily construction projects. These include the cost of labor, materials, and subcontractors the cost of architects and engineers and the cost of permits and fees. When calculating construction costs for an apartment complex, there are several important factors to consider. ![]()
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