On Wednesday we kicked off our series on multifamily mobile apps. If you haven’t had a chance to read it, in summary, mobile apps are now a must for successful multifamily properties. After reading the post, you might be wondering how much it actually costs to develop a mobile app?
As you can imagine, it depends (more to come on this in the series.)
With that said, for the purpose of this post, we did some research online to find out what other companies charge and what organizations have spent.
How Much Does It Cost?
Kinvey
Organizations spend on average around 270k to develop an app
Otreva
A mobile and app development company offer statistics indicating the average cost for a full-blown business app to be in a region of $130k.
Clutch
Clutch asked representatives from 12 leading mobile application development companies to determine cost ranges of building an app and the key variables of cost. They found that the “median cost range is $37,913-$171,450, but could climb up to $500,000 or higher.”
How Much to Make An App
We also found this handy calculator which will give a rough estimate of how much it will cost you.
Next in the Series…
We’ll be covering what you need to consider when developing your own multifamily, mobile app.
For now, however, it’s important to state that building an app for your company can be expensive because of one single reason. Companies are deliberately overcharging businesses, especially small businesses because they don’t possess the technical know-how and they know there is a demand for every business to have their own mobile app.
The chances are you can’t afford to hire a development team. Not to mention their ongoing costs, such as ‘future proofing’ (more to come on this.)
It’s expensive to develop your own app if you go to certain companies, especially those who offer apps for any and every industry. Just look at the ballpark figures above!
Price is only one step when it comes to evaluating the process of developing your own custom-branded mobile app, but for some multifamily companies, it’s the only step they get to. We can’t blame them after seeing the figures quoted above. Hopefully, over the next few weeks, we’ll show you that developing your own custom-branded, mobile app can be affordable and simple.
