How Much Does It Cost To Start A Property Tech Startup? (In 2024)
Looking to start a property tech startup?
But curious about:
- how much it costs to start a property tech startup?
- what are the typical property tech startup startup costs?
- or the actual cost of starting property tech startups?
Well, we have the data to prove it, supported by real property tech startups and how much they actually cost to start.
Let's go over it.
Learn more about starting a property tech startup:
Where to start?
-> Pros and cons of a property tech startup
Need inspiration?
-> Other property tech startup success stories
-> Marketing ideas for a property tech startup
Other resources
Software Expenses
Your property tech startup needs software to run efficiently!
Why spend money on software? Because it can help you save time and automate certain parts of the business, so you can focus on the most important matters. Software and technology can help you grow your business, and save you from expensive personnel costs.
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
|
File Hosting Service |
Recommended |
$0 |
$299 |
|
Email marketing tool |
Recommended |
$0 |
$100 |
| CRM Software ➜ |
Recommended |
$12 |
$300 |
|
Project Management Software |
Recommended |
$0 |
$25 |
|
Internal Communication Tool |
Recommended |
$0 |
$20 |
|
Accounting & Invoicing Software |
Recommended |
$0 |
$50 |
| IT Support ➜ |
Optional |
$150 |
$2,000 |
|
Social Media Management Tools |
Optional |
$0 |
$50 |
|
Design Programs & Software |
Optional |
$0 |
$50 |
Office Space Expenses
It will be your call to determine if you need office space. It is not a requirement but may be necessary as your property tech startup grows.
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
| Rent ➜ |
Optional |
$0 |
$5,750 |
| Utility Costs For Office Space ➜ |
Optional |
$0 |
$1,150 |
| WiFi & Internet ➜ |
Optional |
$0 |
$100 |
App Creation Costs
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
| App Development ➜ |
Optional |
$1,000 |
$20,000 |
|
Apple Developer Program |
Optional |
$99 |
$99 |
Advertising & Marketing Costs
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
| Business Cards ➜ |
Optional |
$0 |
$50 |
|
Customer Research & Surveys |
Optional |
$0 |
$300 |
|
Affiliate Marketing Commission & Fees |
Optional |
$0 |
$250 |
|
Influencer Marketing |
Optional |
$0 |
$750 |
|
Press |
Optional |
$0 |
$500 |
|
Google Ads |
Optional |
$0 |
$300 |
|
Facebook & Instagram Ads |
Optional |
$0 |
$350 |
Website Costs
Every business should have a website, and it's worth spending a bit of money to set it up right.
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
| Domain Name ➜ |
Required |
$12 |
$200 |
| Business Email Hosting Service ➜ |
Recommended |
$1 |
$15 |
Training & Education Expenses
| Cost | Required? | Min Cost | Max Cost |
|---|---|---|---|
|
Professional Training |
Optional |
$0 |
$850 |
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
