How Much Does It Cost To Build An Apartment Complex In Kenya

Then the cost per square footage of constructing a new house will be.

How much does it cost to build an apartment complex in kenya. A spot-check by DN2 revealed that similar houses for sale in the same area go for a minimum of Sh45 million and Sh57 million respectively. Also Know how much money do you need to build an apartment complex. A 16-unit apartment building will cost between 31 and 18 million.

The rates are for Mombasa Nairobi and Kisumu and would generally cover nearby surrounding areas. 30 000 per square meter for a simple house and approximately sh. The firm can also build smaller houses for as little as Sh900000.

And then if you are considering two bedroom apartments as you should putting them up will cost you about 30 Million KShs. Scope differences and market conditions can cause costs to vary significantly. Units of this size may have between 4 and 10 stories.

Here is the five-step process of building a house in Kenya. The following analysis estimates the cost to build an apartment 4-7 story using US National Average costs from 2013 RSMeans cost data. Cost to Build a 16-unit Apartment Complex.

It costs 22 million on average to build an apartment building. For example on our third deal we purchased a 136 unit apartment complex for 4075000. Scope differences and market conditions can cause costs to vary significantly.

The property was grossing 54000 per month in total income and within a year we increased income to 85000 per month as a result of a combination of rent increases filling vacant units and increasing other sources of income such as pet fees and late fees. Keeping this in view how much does it cost to build an apartment complex in Kenya. In the current setup land accounts for up to 40 per cent of the total project cost but high-rise apartments could bring this to as low as 10-15 per cent.