How to Estimate App Development Costs in 2020?

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Estimate App Development Costs

The first question of an app development project is always related to its cost. The budget plays an important role in determining the structure and design. Things would be easier if one could put a finger on the cost but every app is different which is why it is only possible to make an estimate.

Different factors determine the cost of development. To make an estimate it is important to have a clear idea of the app and consider all the factors.

Here are a few common factors that can help in breaking down the cost of app development.

Functionality and Purpose

You can add as many features as you want in your app and the number and type of features have a direct impact on the cost. The features affect the technical complexity of the app.

If you want to use the website to sell things then features such as in-app purchases are a great addition although it can drive up the cost of development as well. Make sure that you weigh in the pros and cons of a feature before adding so that you know if it plays a role in fulfilling the app’s purpose. It always a smart decision to develop apps for iOS as well as Android as these platforms have a high adoption rate.

Features

Generally, mobile applications use different functionalities and some of them are easy to implement and do not have much impact on the cost but adding some features can drive up the cost.

To make an accurate estimate it is smart to make a list of features you want in the app. Some features are easy and cheap to implement because of existing libraries and tools. You can always start with minimum features and add the ones you need later on as updates. It will help in giving a realistic estimate and make the development process affordable.

Third-party integrations

The integration of third-party frameworks, services, or libraries can impact the cost. The integration allows developers to quickly get some functionality at a much lower cost. Make sure that you consider third-party integrations while estimating the cost.

The Design

The design of the app is just as important as its functionalities. The design plays a major role in making a good first impression. People are not going to use the app if it does not look appealing. The design of the app makes it stand out so it is better to go for custom designs but remember that custom designs are more costly than available designs.

Keeping the long-term goals of the app in mind helps choose the right design and correctly estimate the cost.

App Developing Team

Developing an app requires professional help because it is a technical job. The cost of the development depends significantly on the team you hire. You can hire in-house developers or hire freelance developers or partner up with a reliable software development company India.

Conclusion – Estimate App Development Cost

To make a realistic estimate of the cost of app development it is important to factor in all the important elements of the app. In 2020 the price of your app development is likely going to be between $40, 000 and $125,000. About 25 % of the initial budget is for the annual maintenance of the app.  

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