Do you have vacant land that is not being used and are interested in building a boarding house to generate passive income? If so, you need to know the basic costs of building a boarding house.
The cost of building a boarding house will certainly vary depending on the location, size, number of rooms, facilities, and the design of the boarding rooms. To learn more about the detailed prices for building boarding rooms, read the following article to the end!
Cost of Building a Boarding House
Building a boarding house requires careful consideration because the costs involved are certainly not small.
Before building a boarding house, you should have an idea of how many rooms will be built, the concept of the boarding house you want, and the budget allocated.
The cost of building a boarding house does vary depending on several factors, including:
- Building location: The price of land in strategic locations, such as near campuses, hospitals, and offices, will certainly be higher, but these locations have greater potential for tenants.
- Building size: The larger the building, the more materials and labor are required.
- Material selections: Using high-quality materials will increase construction costs but offer good durability and appeal.
- Boarding house furniture: Currently, most boarding house tenants are people of productive age, so choosing functional, modern furniture can be an added value.
Cost to Build a Simple Boarding House
Building a boarding house nowadays has become a very promising real estate venture. The demand for housing for students, workers, or migrants is increasing day by day.
However, it is worth reconsidering whether to build a boarding house, as the required capital is certainly not small. For those of you who are just starting, building a simple boarding house with 4–5 rooms can be a wise step.
The concept of a simple boarding house need not prioritize luxury, rather, it focuses on comfort and functionality.
A simple boarding house room is generally about 3 x 3 meters to 3 x 4 meters in size, with an indoor bathroom area measuring 1–1.5 meters wide. This size is sufficient to accommodate a small wardrobe, a table, and a bed.
If we assume making a boarding house room with an area of 3 x 4 meters, then some of the required costs can be detailed as follows:
- The land price is around Rp2,000,000/m² in the area, so the land purchase price is Rp40,000,000.
- Building permit costs range from Rp4,000,000 to Rp6,000,000.
- Building construction costs are around Rp3,000,000/m², so (±12 m² of building) requires a cost of Rp36,000,000.
- Room finishing and design costs range from Rp2,000,000 to Rp3,000,000.
- Boarding house room furniture costs around Rp3,000,000.
So, the basic cost of building 1 boarding house room ranges from Rp85,000,000 to Rp90,000,000, which can vary depending on location, construction duration, type of materials used, and building size.
If you plan to build a simple boarding house with a total of 4 rooms (3 x 4 meters), the estimated cost calculation is as follows:
- The land price is around Rp2,000,000/m² for locations in the area, with a land requirement of ±100 m² (including rooms, corridors, and parking), so the land purchase price is Rp200,000,000.
- The land price for corridor/inter-room access facilities and parking area is already included in the total land area.
- Building permit costs range from Rp6,000,000 to Rp10,000,000.
- Building construction costs range from Rp3,000,000/m², with a total building area of ±70 m², resulting in a total cost of Rp210,000,000.
- Room finishing and design costs range from Rp10,000,000 to Rp15,000,000.
- Boarding room furniture costs around Rp12,000,000.
So, the cost to build a 4-room boarding house ranges from Rp438,000,000 to Rp447,000,000.
If you plan to build a simple boarding house with a total of 5 (3 x 4 meters) rooms, the cost calculation is as follows:
- The land price is around Rp2,000,000/m² for locations in the area, with a land requirement of ±120 m², so the land purchase price is Rp240,000,000.
- The land price for the corridor/access between rooms and parking areas is already included in the total land area.
- Building permit costs range from Rp6,000,000 to Rp10,000,000.
- The construction cost is Rp3,000,000/m², with a total building area of ±90 m², resulting in a total cost of Rp270,000,000.
- The cost of room finishing and design ranges from Rp12,000,000 to Rp18,000,000.
- The cost of a boarding house room furniture is around Rp15,000,000.
So, the cost to build a 5-room boarding house ranges from Rp543,000,000 to Rp553,000,000.
Read also: 7 Bedroom Design Ideas, Minimalist and Aesthetics!
Cost to Build a Medium Boarding House
If the concept of a simple boarding house is not satisfactory for you, a medium-sized boarding house measuring 4 x 5 meters could be an option to consider. With a larger area, the boarding room can accommodate a wardrobe, a study desk, a chair, and a bed.
The estimated cost needed to build a medium-sized boarding house, assuming 6 rooms are built, is:
Room size: 4 × 5 m = 20 m²
Total room area: 20 × 6 = 120 m²
Additional corridor & parking area: ±30 m²
Total building area + access: 120 + 30 = 150 m²
- The land price is around Rp2,000,000/m² in the area, so the land purchase price for 6 rooms with a total area of ±150 m² is Rp300,000,000.
- The land price for the hallway/access between rooms and parking area is already included in the total land area.
- Building permit costs range from Rp6,000,000 to Rp10,000,000.
- Construction costs are around Rp3,000,000/m², so for a total building area of ±130 m², the total cost is Rp390,000,000.
- Room finishing and design costs range from Rp15,000,000 to Rp20,000,000.
- Room furniture costs are around Rp18,000,000.
Therefore, the cost to build a medium-sized 6-room boarding house ranges from Rp729,000,000 to Rp738,000,000.
Cost to Build a Large Boarding House
If you want a larger boarding house room, usually called a three-room boarding house with a mini kitchen area in the room and a large parking area, be prepared to spend more.
The estimated cost to build a large boarding house measuring 4 x 6 meters, with an assumption of 20 rooms built, is:
Room size: 4 × 6 m = 24 m²
Total room area: 24 × 20 = 480 m²
Additional hallway + parking area + shared facilities (kitchen/small minimarket/laundry): ±120 m²
Total building area + access: 480 + 120 = 600 m²
- The land price is around Rp2,000,000/m² in the area, so the purchase price for 20 rooms with a total area of ±600 m² is Rp1,200,000,000.
- The land price for the corridor/access between rooms, parking area, and shared facilities is already included in the total land area.
- Building permit costs range from Rp15,000,000 to Rp25,000,000.
- Building construction costs are around Rp4,000,000/m², so for a total building area of ±550 m², the cost required is Rp2,200,000,000.
- Finishing and design costs for rooms and shared facilities range from Rp150,000,000 to Rp200,000,000.
- Furniture costs for 20 rooms (beds, wardrobes, tables + chairs) are Rp60,000,000.
Therefore, the cost to build a large 20-room boarding house is approximately Rp3,625,000,000–Rp3,685,000,000. It should be noted that this price estimate could be higher or lower depending on the land and material prices in each region.
Read also: 10 Small Bedroom Ideas, Maximizing Space and Style!
Cost to Build Premium/Semi-Apartment Boarding House
Currently, there are also many premium-style boarding houses, or what can be called semi-apartments, that offer complete facilities, with boarding room colors and designs that are elegant, minimalist, and aesthetically pleasing.
Premium boarding houses generally provide several additional facilities, such as a spacious parking area, a swimming pool, a shared kitchen, a living room, CCTV, and 24-hour security.
The estimated cost to build a premium or semi-apartment boarding house ranges from IDR 5.5 billion to IDR 20 billion, depending on the development area, room size, materials used, and facilities provided.
That concludes the explanation about the costs for building a boarding house, ranging from simple rooms to premium semi-apartment rooms.
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