Often, it’s not in the budget for business and property owners to invest in new construction to expand their physical footprint. For long-established businesses, it’s not always a smart move to change locations or addresses. Tenant improvements and adaptive reuse provide massive value to property owners and investors. Despite all the benefits commercial renovation offers over new construction, it may not be the right choice for all properties or buildings. Understanding how commercial renovation works is essential to deciding if it’s an option.
Why exactly are you thinking about commercial renovation? Do you want your business to attract more customers? Is your building due for regulatory upgrades to maintain compliance? Could your warehouse use more space to keep up with growing eCommerce demand?
These are a few common goals that property owners set at the beginning of the renovation project planning. Being concrete with your vision and providing your contractor with as many details as possible helps the entire team stay on the same page – the same can be said about discussing the ins and outs of your commercial renovation project budget.
Remember that bidding can be lengthy, especially when a high-dollar renovation project is in the equation. Ultimately, however, the total renovation cost makes or breaks whether the ROI was worth it. The best contractor for the job is not always the cheapest, and the lowest bid is not always the one you should accept first.
Think about these features (or the lack of them) in your property and how these elements will be addressed during the renovation project:
- Safety Features: Older buildings that haven’t been renovated in some time could lack modern features that prevent accidents and improve employee safety. Adding these preventative measures pays off over time by reducing liability costs and building a culture of safety.
- Cosmetic Issues: Outdated fixtures, architecture, and design could leave a lasting impression on customers – and not a good one. Use a renovation to help rebrand and refresh your business, expanding your customer base, and increasing ROI.
- Improve Productivity: Warehouses and distribution centers face exponential growth due to changing shopping habits, and redesigning these spaces can help boost efficiency and productivity. Growing revenue is a sure sign of ROI.
- Increase Sustainability: Now more than ever, customers want to invest in businesses that support green and sustainable practices. Bake this value into everything you do by choosing a commercial renovation plan with sustainability at the core.
The best way to get the most out of your commercial renovation project is by working with a commercial construction contractor with experience. A contractor who offers design-build services can identify issues before they create cost or scheduling overruns. From the ground up, any commercial construction project starts with a team that can read blueprints, tackle permitting, comply with local building codes and zoning ordinances, manage labor, and clean up when the work is done. Communication needs to be prioritized along the way as well.
G. S. & S. Construction – an award-winning, 4th generation company – can promise both. Your project could be a corporate headquarters, a start-up company, a law firm, or a multi-use office building. Regardless, any project from the ground up begins with contractors that can read blueprints and elevations, expertly grade a site for drainage, sewage, and parking, and install water, sewer, gas, and fire-sprinkler lines. Crews must set rebar and pour foundations, build walls and install the roof and any windows or doors before moving inside.
These construction elements may sound routine, but they are anything but; mistakes at any stage can be expensive and time-consuming for the client. G. S. & S. Construction project managers think ahead and constantly communicate – with the client, the project’s architect, suppliers, and their crews – ensuring that preparations and materials are ready at each step in the chain. Contact us today to learn more!