If you're a developer building a new multi-family community, one of the most critical aspects to consider is the technology build-out. With the demand for high-speed internet, smart home automation, and entertainment, the technology infrastructure plays a vital role in attracting potential residents.
In this blog, we'll explore the total cost of a technology build-out for audio, video, network, WiFi, automation, and fiber for a new construction build for a multi-family MDU community.
Audio and Video
Audio and video are critical components of any modern home, and multi-family MDU communities are no exception. The cost of an audio and video build-out varies depending on the size of the community and the specific needs of the residents. The cost can range from $5,000 to $30,000 per unit, depending on the desired features and system quality. The leasing & ammenties center AV system can range from $10,000 to $200,000 alone depending on size, complexity, building connections, and system choice. EIG PRO specializes in these designs.
Network and WiFi
In today's connected world, high-speed internet and WiFi are non-negotiable for most residents. The cost of a network and WiFi build-out for a multi-family community can range from $50,000 to $500,000 depending on the number of units, the desired internet speed, and the technology used.
Smart Home Automation
Smart Home automation systems can provide residents with a higher level of convenience and security. The cost of a home automation build-out for a multi-family community can vary depending on the complexity of the system and the number of units. The cost can range from $1,500 to $10,000 per unit, depending on the specific features and the type of automation system used.
Fiber
Fiber internet is becoming increasingly popular due to its fast internet speeds and reliability. The cost of a fiber build-out for a multi-family community can range from $200,000 to $1 million, depending on the size of the community and the desired internet speed.
Total Cost
Taking into account all of the above, the total cost of a technology build-out for a multi-family MDU community can vary widely, depending on the specific needs and desired features. As a general estimate, the cost can range from $60,000 to $600,000 per unit, depending on the specific technology infrastructure requirements.
In Conclusion
When building a new multi-family MDU community, technology infrastructure is a critical component to consider. Investing in quality audio, video, network, WiFi, automation, and fiber can help attract potential residents and increase the overall value of the community. The total cost of a technology build-out can vary depending on the specific needs of the community, and it's essential to work with an experienced technology partner to ensure a seamless build-out that meets the needs of the residents. Ultimately, investing in technology infrastructure is an essential step in creating a modern, high-quality multi-family living If you're a developer building a new multi-family community, one of the most critical aspects to consider is the technology build-out. With the demand for high-speed internet, smart home automation, and entertainment, the technology infrastructure plays a vital role in attracting potential residents. In this blog, we'll explore the total cost of a technology build-out for audio, video, network, WiFi, automation, and fiber for a new construction build for a multi-family MDU community.
