3 Things To Consider Before Embarking On A Commercial Property Remodel

Deciding to remodel your commercial property is a big decision. It will likely involve some downtime in addition to significant funds, so you want to be sure you’re in the right time and place to tackle this investment. When thinking about this type of project, there are a lot of factors to consider. But don’t worry, we’ve got some helpful tips. Here are 3 things you’ll definitely want to think through before getting started.

(1) What Are Your Goals For This Commercial Property?

One thing we can’t stress enough is that you have to be clear on your goals before moving forward. Many times clients come to us with an abstract idea of what they want, maybe more space or updated bathrooms. But failing to identify clear goals at the start is one of the biggest contributors to “project creep.” In other words, you keep adding things to the list during the project which slows down the overall project and ends up costing quite a bit of money. 

We recommend spending a good bit of time thinking about what is working for you in the space and what is not. What are the barriers you’re running into when it comes to increasing productivity or sales? Are you looking for ways to better use the space you have or do you actually need more space? Would your employee retention rate improve with some updates to offices and amenities? Get clear on your goals before even considering a meeting with a contractor.

(2) What’s Your Budget?

Now that you have your goals, what can you realistically spend to achieve them? Remember that some of that budget is to be reserved for contingencies. If you have big dreams, you may need to start saving or consider financing options – and this can affect your timeline. Once you have a number in mind, a good contractor can tell you if they’ll be able to accomplish the work you want in that range.

(3) What’s Your Timeline?

If you can’t spare a few months but your space needs a total overhaul, that’s going to be a problem. The scope of work must match the amount of time you’re willing to work through construction or shut down as necessary. Remember that planning and permitting take time – these steps ensure your project stays on track. So don’t underestimate the amount of time it will take to get the final result. This is something to discuss with your potential contractor during your initial meeting.

Once you’ve thought through these aspects of a remodel, we’d be happy to sit down with you to discuss your project. If you’re ready to move forward, schedule a meeting with us today!

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