How much does it cost to build a web application
If you are looking for a short answer, the only correct one is that it depends. The cost of developing a web application depends on several factors, so it is never possible to make an accurate estimate without doing some ultimate business analysis and gathering the software specification requirements. And even when those steps are already late, the cost of building a web application can rarely be fixed. So, let’s get a feel for the average costs to build a website in 2021, taking into account the essential factors affecting the final price.
What factors affect the final cost of developing a web application
The min-max price spread for web application development is too large to get an accurate estimate at a glance. Depending on the strategy you choose, the idea behind the website, the complexity of the features, and other factors, you can both build a web app for free or pay a fortune for it. Let’s compare the options.
The way you build your app
Depending on the development strategy, the final price can vary considerably. Below are four main tactics that business owners can choose from.
Drag and drop development – $ 0 – 400
This is the simplest option that does not require any technical skills. To build a website using drag and drop functionality, you need to choose a suitable platform and build a website using pre-developed blocks and templates. This can be a viable strategy for solopreneurs or those who need to develop a fairly simple website. You can do this even for free, and only pay for the hosting and the domain name, which rarely costs more than $ 100.
WordPress Development – $ 20 – 1000
Those with technical knowledge often choose WordPress to build a semi-custom website. The main advantage of WP is the ability to choose a pre-developed theme based on the specifics of your project, as well as integrate your website with add-ons and plugins for better user experience, reports, payments, SEO. , etc. The cost of building a WordPress website rarely exceeds $ 1,000, and it can be powerful and impressive enough to generate a profit.
No to low-code development – $ 1,000 to $ 5,000
Using a no-code or low-code development platform is a tactic that is becoming particularly popular among companies going through the digital transformation. Typically, they need a lot of custom solutions but aren’t ready to invest a lot. No to low-code development platforms still require an understanding of the development and testing processes, as well as the technical skills and knowledge to precisely match the platform’s capabilities to the needs of the business.
For SaaS solutions, a subscription to such a platform can cost between $ 1,000 and $ 5,000 per month.
Custom development – $ 5,000 to $ 50,000
Custom development is a way to create high-end web applications that are most likely to stand out and meet business needs perfectly. Still, this is the more expensive approach because in this case you have to hire a whole team of business analysts, developers, designers and testers. Most companies understand the opportunities that custom development opens up for their business, so they’re ready to invest in them, and in most cases, custom solutions pay off.
Let’s go over the other factors influencing the price to build a web app that suggests it’s going to be custom built.
The complexity of the design
The more custom design elements you need to use, the more time designers spend creating them. That’s why a highly personalized website with great branding and lots of visual content always costs more than its simpler alternative. This is also the reason why some companies go the route of semi-custom design, using out-of-the-box design elements wherever possible, but creating branding elements from scratch.
The location of the developers
Following the custom development path, you will need to hire a development team which can be large or small depending on the needs of the project. Still, their location matters because the average salaries for programmers vary widely. For example, if an Indian developer makes $ 25-30 an hour, the services of the same American programmer can cost $ 100 an hour on average. This is why many companies look for the best value for money when choosing an outsourcing destination and hiring a remote technical team.
Your field of activity
The industry in which your business operates also affects the end price of building web applications. For example, creating an information portal for a media company is much cheaper than creating a telehealth solution for a hospital since the latter application will use more advanced technologies such as videoconferencing.
- The price to build a news portal – $ 5,000
- The price to create a telehealth web application – $ 60,000
In addition, the price of building a web application can vary widely, even within the same niche. For example, the cost of building a marketplace is higher than the cost of developing a branded e-commerce website, because in the first case, you also need to build the features for sellers and buyers. .
- The price to create a market – $ 20,000 – $ 40,000
- The Price of Building an Ecommerce Website – $ 8,000 – $ 30,000
MVP vs Ready to Market
The cost of developing a web application will also differ depending on whether it is a minimum viable product (MVP) or a ready-to-market solution. The approximate prices above are the costs of developing an MVP, while the final solution can cost two to three times as much depending on the features you want to develop.
The technologies with which you power your final solution are also important. For example, a website with AI features will always be more expensive than others.
The final cost of developing a web application is almost impossible to predict based on the idea of the application alone. Plus, the development strategy you choose largely determines the possible price range – while it’s entirely possible to build a simple website almost for free, the more advanced, custom-developed solutions can cost a fortune. The only ever-green cost optimization tip is to follow the LEAN development methodology, carefully validate each of your new ideas, and invest only in the features that your business or target users actually need.