Try These 5 Ways to Save Money During Commercial Renovation
Commercial renovation can be expensive, and saving money is a concern for businesspeople. Fortunately, there are many ways you could cut costs in your commercial remodeling project to ensure that the return on investment will not only meet but exceed expectations.
Choose the Right Commercial Contractor
Working with the wrong commercial renovation contractor is a nightmare. Miscommunications missed opportunities and even legal trouble are just some of their problems that can be found in your project files! On the other hand there’s pros like delays – who doesn’t love them? Not only do you get quality work done but most reputable general contractors will use knowledge and experience to point out savings for future projects as well so really take time when selecting one because they’re worth it.
Have a Budget
A budget is a great way to stay on top of your spending habits, but it’s not easy. One thing that will make budgets easier for you? Understanding how much money is coming in and where those funds are going so there aren’t any surprises at year end or when bills need paid.
Make a Plan and Stick to It
One of the easiest ways to save money during commercial renovation is by making a plan and sticking with it. Before any actual work begins, you’ll want to have detailed goals that define your vision for success as well as all the necessary details covered like costing or timelines – make sure they’re clear from day one! Once this stage has been completed then try not changing anything unless its an emergency because last minute changes just add more costs onto what could’ve already been expensive enough without adding unexpected expenses into our plans too late in advance or early on before things get underway- foresightful planning saves time later down the line
Embrace Reuse
It’s not always true that new is better than used. There are a few reasons why renovating with old, worn-out features can actually save you money in the long run and help keep your renovation costs down. Ask yourself if you can reuse the existing:
- HVAC system. Unless it’s in poor condition or incredibly inefficient, you may be able to work with the existing mechanicals, ductwork and vents.
- Flooring. Concrete, hardwood and tile can often be revitalized with staining, refinishing and other techniques. Even if they are completely unsuitable in their current location, you might be able to repurpose them in another area.
- Window openings. While updating old windows can be a good way to improve energy efficiency, changing the size or shape of window openings can be expensive.
- Bathroom plumbing. Since plumbing is run inside walls, changing it can be costly. If you want to keep costs low, consider keeping the bathrooms in the same locations so that you don’t have to pay to redo the plumbing.
- Furnishings. When it comes to office renovation cost, remember that money saved in one area can be used in another. If you have cabinets, desks, chairs and other furnishings that can be reused, consider doing so.
Choose to Recycle
Donating your old materials to a recycling center is an easy way to save money while also positively impacting the environment. If you have any construction or remodeling left in good shape, consider donating them so they can be put back into use.
At JeBailey & Co., we manage commercial and industrial projects in a wide range of markets. We specialize in construction management services, so you can trust us to deliver the best results possible for your project.
Contact JeBailey & Co. today at (407) 559-6412, or email us at info@jebaileyandco.com to learn more about our other services or request a quote!
