Building a mobile app is no easy task. To make things even more complicated, there’s also no preset or standard pricing to create an app.
When building an app, you really do get what you pay for. There’s a huge difference between a $10,000 app and a $100,000 app. Unfortunately for most people entering the app world, they have no clue how much their app should cost, or what they should budget for development.
The cost of your app will really depend on its complexity, size, and the type of team building an app. We recommend the following price ranges with an intermediate team:
- A simple app without complex features should cost between $15k-$35k
- An intermediate app that introduces a few custom complex features should typically cost between $30k-$50k
- A complex app that introduced many different features and complexities should cost no less than $60k
However, to have more experienced developers, engineers, and designers working on the app, you should consider budgeting an additional 35%-75%
Keep in mind, these prices are very rough estimates and really do depend on many different factors that we discussed before.
Although pricing is a very complex topic that ranges from company to company and from industry ti industry, there are a few things that are more simple and will always be true:
1. Going with the “cheapest” option is a really bad idea
Many aspiring app owners will soon realize that apps are expensive to build and maintain. They’ll also realize that different app development companies will offer their services at very different price points. When it comes to building an app, you either need to do it the right way – or don’t do it at all. There is nothing worse than hiring a company who provides a cheaper quote in interest to saving money, to only realize that the app they deliver is useless and you need to start again from scratch and hire an entirely new company.
2. Know what you can spend
Although many people do not have a specific budget for app development, you will always have an idea of what you are able to spend. Make sure to understand what you’re comfortable spending on your app – even though you may not have a specific budget. Knowing what you can afford is extremely important prior to speaking with any company.
3. Think long term
Building your app is really only the first step in ownership. After you actually build your app, you will still need to pay for servers, management, maintenance, and additional feature development typically on a monthly basis. Make sure to keep this in mind when budgeting your app.