Change and growth are inevitable when running a business. Making choices about your business should be a strategic choice that can help your business stay relevant. When deciding between renovation and new construction you should consider your business’s daily operation, brand image, and the future growth of your business. If your business is ready to expand or you want to stretch to reach more clients, a renovation will be a worthwhile investment.
This blog will share some of the challenges that come with business renovation and new construction. We will also discuss how they can help improve your business and make you stand out in your respective industry.
Breathing New Life Into Existing Spaces
Older businesses could use a little refresh in order to continue to bring in business. Renovating a business is a worthwhile investment for many commercial spaces to help them stay relevant and build trust with customers. Breathing new life into your business doesn’t have to be a complete renovation to elevate the space. Adding small details or touching up worn-out areas will be worthwhile.
Reducing Environmental Impact
Keeping your existing building will be more environmentally friendly than new construction. Reusing materials and minimizing waste is important as more pollution fills our earth. If you have a stable foundation and your materials still have a usable life, renovation will work for you. Reducing your carbon footprint while pushing your business into the sight of new customers is possible with renovation.
Cost-Effective
Buying all new materials can add up quickly, especially for larger buildings, office spaces, or industrial companies. Renovating a space you already have will limit how much you need to spend on materials. Renovation allows you to upgrade specific areas at a lower expense. Some businesses renovate regions in small batches to help stay on budget.
Less Flexibility
The challenge of renovations is that you have less flexibility with design. Because you are working with an existing space, you may not be able to change the layout or certain materials. You may need to make compromises when it comes to your budget or certain dreams to fit within your current framework.
Building A Dream From The Ground Up
Running a business is hard work and often takes up a lot of your time. After running your business for some time, you deserve to build your dream space from scratch. Many businesses can see a large influx of new customers when they build a new commercial space.
Fewer Surprises And Challenges
When new and modern techniques and materials are used, builders will encounter fewer roadblocks. Constructing a new building can come with its own challenges, but it comes with fewer hidden surprises (mold, rotting floorboards, asbestos, pest infestations, etc.).
Total Customization
When you start a building from the ground up, you have complete freedom of what the space will look like. Customizing your business space will make it feel like it reflects your personality and brand identity. Customizing every aspect of a building may seem overwhelming, but sticking to your brand colors and vibe will help make decisions easier.
Longer Timeline
One of the downsides of starting from scratch is that your project timeline will be extended. New buildings will take longer to complete as contractors will need to order materials, obtain permits, install electrical and plumbing, and finalize all legal documents to build a commercial space. For commercial spaces, it can be several months or a year before your project is complete.
Construction From E.K. Bailey
E.K. Bailey offers multiple construction services to help make all commercial spaces profitable. We offer pre-construction, consulting, design-build, and construction management. Our company grew from a small home builder into one of the top commercial construction firms in Utah. We strive to create loyal and repeat customers and business relationships.
Whether you are in the fuel industry, need an office space, or want to share the culinary arts with residents, our team has the skills to help. We focus on high-quality materials, modern techniques, and quality customer service. Reach out to us by filling out a contact form on our website to start creating your dream project.