Every store or property undergoes renovation at some point in time. Whether you do it to upgrade systems or update fixtures, the most difficult part is planning the store renovation cost. There is no simple formula and you need to look at several factors before you can arrive at an estimate. A commercial contractor spends time understanding various elements to determine the cost. These include location, building use, building codes, historic district compliance, number of disciplines required, as well as current market factors.
While outside factors help you determine the cost of renovation, there are ways by which owners can better manage the budgets. Here are 6 tips to help you control commercial renovation costs: 1. Plan Ahead Many owners plan renovations when the space develops critical needs. This is not a good idea. Waiting instead of advance planning can lead to the difference between just a re-paint job or replacing walls completely. Planning ahead can make a big difference. 2. Avoid Surprises No building owner enjoys an unpleasant surprise after the renovation has begun. While there are some unavoidable surprises, most can be prevented with proper planning and due diligence. If you carefully assess the property’s condition, you can avoid overshooting the budget. 3. Obtain Accurate Requirements It is important to establish project needs in detail right from the beginning. Knowing how the special layout is going to change and keeping in mind its current and potential uses will lead to an accurate cost estimate. 4. Choose the Right Materials Renovation expenses are just a part of the entire project. Sometimes, the right materials cost a lot more but result in long-term savings depending on use. Conversely, sometimes you can easily avoid the use of expensive material. 5. Consider the Life Cycle of Building Systems Electrical, plumbing, heating, and air-conditioning systems have a natural life cycle. Take into account the Expected Useful Life of these devices to determine the replacements you need to include in your renovation project. 6. Partner with the Right Renovation Expert A good renovation partner is critical. Cornerstone has deep expertise in renovation and can offer an accurate estimate for renovation costs. Source: https://store-renovations.blogspot.com/2020/07/6-tips-for-estimating-and-controlling.html
0 Comments
The idea of commercial renovation has many benefits. It gives your staff the boost they need to improve productivity, and at the same time, renews and refreshes the space. However, the project is not an easy one. There’s a lot to manage with the business operations ongoing. Cornerstone helps you with 6 key methods to make your office renovation a success:
1. Information Gathering As you begin, obtain all engineering and architectural documents. Remember to physically assess the entire space with the design team to evaluate what you have and what you need. Variations in plans at a later stage can cause obstacles in construction, and lead to unplanned expenses and delays. 2. Define Goals Plan out your requirements. What do you want and why? Are there any limitations? Do you need changes? Answering these questions is vital. These help you understand the ‘how’ portion of planning. 3. Communication is the Key Make sure that everyone involved is informed of the different procedures. The landlord, office staff, constructor design team, subcontractors, and stakeholders must all know their responsibilities. This does not leave any scope for miscommunication, overwork, and overpaying. 4. Focus on Employee Productivity A new environment can increase productivity. So, get feedback and suggestions from employees on the changes they think would be motivational and inspire more positive energy. Ask for suggestions to execute your project in a manner that boosts their morale without hampering their space and productivity. 5. Budget Realistically Many office owners don’t plan for unexpected costs and end up in a tight spot towards the end, sacrificing durability, quality, or timeline. Sit with your commercial contractor to understand what is needed and get a better sense of actual costs for your renovation. 6. Plan Ahead to Avoid Delays Complete the preparation work to develop strong drawings. Keep lead times for material delivery, permissions, and contractor mobilization. These are some key methods to help you plan a successful renovation in the office. Take them into account to create a better environment for you and your team. Source: https://store-renovations.blogspot.com/2020/07/6-key-methods-to-successfully-manage.html |
Archives
March 2021
Categories |