Table of Contents

• Overall Cost
• Time Considerations
• Business Downtime 
• Customization Options
• Environmental Considerations
• New Builds From EK Bailey

Building or renovating a commercial building can keep it modern and functional. Depending on the business and size of the building, renovating may not be the smartest financial decision. Building new may be a larger investment, but it can ensure your business is able to last the test of time. Before you start a new project, it is important to understand the pros and cons of both new construction and commercial renovation. Both options have pros and cons, so choosing the best option for you will depend on your needs and budget. Below, we will discuss some pros and cons of each project to help you make an informed decision. 

Overall Cost

One of the most important aspects to include on a pros and cons list is the difference in cost. Building new and remodeling will both come with quite a large investment, but the number of materials needed can increase the cost. Remodeling has an existing structure to work with, meaning that fewer materials will be needed to create a safe space. Instead of concrete for the foundation, steel for walls and structure, and insulation, remodels need more affordable materials like flooring, paint, and fixtures.

Time Considerations

Both new construction and renovations will take a significant amount of time to complete, even when done by a professional. However, renovations on an existing space will typically be completed faster than a completely new build. Depending on the damage to your building, renovations may have a longer timeline if foundation work or restoration is needed. For typical renovations, a few months is typical for commercial buildings. 

New builds require more extensive planning and construction techniques. If your building is older, damaged by mold or mildew, or is no longer serving your needs, a new build is the best option. Designing and constructing a building from the ground up can take a year or more to complete.

Business Downtime 

One factor to consider with a remodel is that it can affect your daily business operations. Remodeling a commercial space will require you to shut down, offer limited services, or reschedule appointments. This can significantly hurt your income and future business operations while the remodel is taking place. If your current commercial space is in good condition, building a new space will allow you to continue operations while the new location is being constructed. For smaller businesses or those with employees who rely heavily on a consistent income, building new is the best investment. 

Customization Options

Starting from scratch allows business owners to have control over customization and design the build to their exact specifications. Customization may be very important to many business owners, while others may just see their building as a tool to complete their work. If you are someone who wants to customize their space, building a new building from scratch will provide the best results. With an existing building, the structure and layout can limit what can be done during a remodel. The best professionals can improve the aesthetics of the space, but walls, existing plumbing, and electrical systems could limit large dreams from becoming a reality. 

Environmental Considerations

The climate and environment around the building can impact its longevity and sustainability. If you want your business to be more sustainable or energy-efficient, remodeling may make it difficult. Commercial construction experts will know how to transition your space to be more environmentally conscious, but it may be difficult if you are limited by existing structure or building codes. 

Building a new space will allow commercial builders to use new materials and incorporate green building practices into the building process. Starting a project with an environmentally conscious mind will result in better durability, sustainability, and saved costs. 

New Builds From EK Bailey

EK Bailey has been working in the construction industry for many years, starting with residential builds and moving into commercial builds. Our team has worked with many popular businesses in Utah to help them have a durable and long-lasting building. We utilize the most modern and environmentally friendly techniques, so customers can have peace of mind about all aspects of their build. 
EK Bailey works with the hospitality industry, retail, shopping centers, automotive, and many more. Our experts can help you determine if building new or renovating is best for your business and personality. Reach out to us to get a quote and learn more about our process.