Smart Commercial Renovation Ideas For A Tight Budget

All commercial businesses evolve over time. Spacing and functional needs change. Business focus moves in a different direction. Perhaps who uses the space also changes. Or maybe its time for a quick refresh to inject some new life into your commercial building. Commercial renovation projects can be expensive. They often go over budget and can pose some financial risk. You never know what you are getting into until you start opening walls, right? If you are on a tight budget, like many companies are today, its imperative that you make smart commercial renovation decisions. You need to get the most out of your budget and make the biggest difference. 

In this blog we’ll outline some key considerations and smart commercial renovation ideas if you are on a tight budget:

Assess What Needs To Be Done

We all have a list of what we would like to do and what needs to get done. Depending on your budget you may be able to accomplish a little bit of both. Its important to assess your commercial space and make a list of the things that need to be updated and changed. Rank them in terms of priority.

What Are Your Building Facility Requirements?

Once you make changes to your property, you will need to make sure they are up to current building codes and standards. Make sure you are aware of anything that may be in violation of the building code in your area. Review your building systems (structure, mechanical, electrical, plumbing) and make note of what your building needs. Assessing these things will help ensure you are making smart commercial renovation decisions. 

Obviously today, this now includes updating your space to comply with new COVID-19 regulations.

Focus On Changes That Have A Big Impact

If you have limited resources for your project, and if there are no major issues with the space that need to be addresses, focus on making changes that will have the biggest impact on the space. For example, it may make the most sense to blow out some walls to open up the space. The renovations that will have the biggest impact will vary from project to project.

Modernize The Space

Commercial spaces become outdated over time. An outdated looking space can create the wrong impression on customers, employees, and others. Make changes to update your space and keep up with industry design trends. You always want to make a great impression, and a well design space will do a lot to help. For some spaces, it could be as simple has painting and updating to colour palette. For other spaces, it may include replacing the flooring and décor.

Get More Energy Efficient

How energy efficient is your commercial building? Energy costs can take a big chunk out of your budget. If your building is older, a few smart energy upgrades will provide you with a great return. You will even save money each month on your energy bills going forward. Here are some upgrades to consider:

  • Energy efficient windows and doors
  • Add more windows for more natural light
  • Better quality insulation
  • LED lighting
  • Updated heating and cooling system

Check with your local government to see if your business qualifies for energy efficiency improvement project savings. You could even get more funding for your project.

Rethink How You Use The Space

Space utilization is important to help companies operate as efficiently as possible. Its particularly important for growing companies who increasingly need more space. Adjusting your current layout is a smart way to reinvent your space. A redesign can help you eliminate dead space, re imagine underused space and help you create about better overall flow.

Update The Technology

Technology has come a long way. There are so many unique features and ways you can implement it into your building. Automation continues to become a more popular renovation to help companies better manage their space. Think about ways you can use new technologies to improve your space, improve efficiencies, and operate better. 

There are many unique ways you can improve your commercial space. Like most companies, project budget is the limiting factor. Make sure you chose smart commercial renovations to get the most out of your project budget. Contact us today to book a free consultation. 

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