Are you aware that 50% of small businesses go under by their fifth year? The last thing your want is for your business to seem stale or under-equipped to meet demands. If you run an operation that relies on a physical space, it may be time to invest in a renovation.
Read on to learn about commercial building renovation planning and the best tips for success!
Determine Your Priorities
When you pursue a commercial office renovation, start by knowing what you want to change. Work with a committee of employees or board members to source ideas. And plan for an alternative workspace while the renovation occurs.
Do you want to focus on cosmetic changes to freshen up each space? Or are you more focused on major structural adjustments?
For example, you might want to remove walls to connect rooms or add on more space. On the other hand, swapping out light fixtures or introducing new paint colors could be what you need most.
Set a Budget
Look at your business plan and revenue statements to understand what a reasonable renovation budget looks like. Work with your contractor to find areas where you can cut costs.
And don’t underestimate the cost of transforming a commercial building. In fact, you’d be wise to add an extra 10% to your budget beyond its projected cost.
That’s because there always is a chance you’ll encounter unexpected costs. For instance, you might need to handle a termite infestation or upgrade electrical wiring.
Choose Sustainable Features
Choosing sustainable features means making eco-friendly materials and solutions a priority. You may be able to reduce utility bills. And as a bonus, you’ll be able to attract job applicants and clients who share your commitment to sustainability.
Look into adding LED lights or solar panels as part of an upgrade. You also can look into energy-efficient windows and materials like bamboo or recycled steel.
Find the Best Contractors
Make sure you hire contractors with experience doing commercial remodeling. Qualified contractors should be eager to show you a portfolio of work demonstrating their skills. Ideally, you’ll want contractors with design skills and strong workmanship.
Good contractors will present clear timelines and work within your budget. They’ll also be able to break down costs.
Ask for referrals to get better insights into a particular contractor’s work. And check reviews online. Additionally, confirm that the contractor you hire is licensed and insured.
Handle Logistical Matters
Before starting a renovation, it’s critical to check the legal restrictions on what can be done. Start by checking the Certificate of Occupancy. This shows whether you can convert spaces into anything from eateries to warehouse spaces.
Additionally, you’ll need to secure work permits. A qualified construction team can help you obtain the necessary permits before beginning work.
Pursue Commercial Building Renovation
Commercial building renovation can elevate the appearance and capacity of your business. Figure out what you want to change and then determine a reasonable budget. Look at portfolios from contractors and make sure you have all necessary permits before moving forward.
When you’re ready to begin a commercial remodeling project, contact us so we can help!