Renovations are an absolute necessity in the hotel business. In order to maintain a positive image and keep customers satisfied, you must regularly upgrade your facilities. This bit of information comes as no surprise to hotel owners – they know that regular renovations are standard practice in this business. However, not knowing the hotel renovation cost per room may be a problem.
When you decide to take on the task of building an assisted living facility, you need to know what design options you have available. Do you want to build everything on one level, or is multi-level a better option? If you have more than one level, how do you break up what happens on each level? There are many assisted living building designs out there, so you need to make sure you pick the one that will best suit the clients you plan to serve.
The Clients Need to Be the Most Important Focus When Building an Assisted Living Facility
Before you can review any of the assisted living building designs out there, you need to first narrow down the type of clients you want to serve. If you are going to only have hospice patients in your facility, it needs a different design than one that caters to able-bodied retirees who want the convenience of living in a facility that takes care of the little details for them. Once you decide on the target client, you can then start figuring out which design to go with.
You Need to Include Convenience Standards on Top of Codes
Every state has different codes when it comes to building an assisted living facility. Those need to be a priority and focus when building the facility. However, you also need to consider some conveniences that older clients are going to need. Think about elevators, walk-in tubs and showers, medical alerts, and safety rails. These are going to be necessary to keep the seniors safe. You also need to make sure you include things like safe flooring options, proper lighting, and wider than normal walkways. You may have hospital beds being pushed around, so this needs consideration as well.
Choose Assisted Living Building Designs That Give the Feeling of Home
Not all seniors go into assisted living because it is what they want to do. For some, it is what they need to live a safe, happy life. The best thing you can do for those residents is to give them as close to a homey feeling as possible. Be sure to look at assisted living building designs specifically with that in mind. They need privacy, as well as some common areas that look like a living room or family room. Plus, they need space to enjoy the company of others.
If you want help building an assisted living facility, then reach out to the experts here at MEP Painting & Wallcoverings Inc. We can help you ensure that you give the residents of your assisted living facility the best possible amenities, flooring that is safe for them to move around on, and an environment to help them feel at home. We enjoy working on these types of projects, and want to help you create the best possible facility that you can. Contact us today and let us share with you the experience and training we have that can make your project more successful.
When it comes to commercial property renovation, the first thing many want to know is what is the cost going to be. Unfortunately, there are tons of factors that go into determining commercial building construction cost estimates. You need to consider the current state of the building, what type of expectations are in place for the remodel, the size of the building, and the cost of the specific materials you want to use, just to name a few. If you want to figure out what type of commercial building construction cost to expect, here are some of the determining factors.
Considerations When to Figure Out a General Commercial Building Construction Cost
The location of the commercial property renovation is going to be one of the first considerations. In some areas it simply costs more to renovate. They might be further from the natural source of the materials incurring more cost. Other times, the cost of living is higher, which translates into a higher commercial building construction cost. This is a factor you must face and there is very little you can do to change it.
If you want to be able to get an idea of the cost based on the materials alone, you can call around and see what types of price quotes you get from local businesses. It will not be exactly the same as if you would turn to professional remodeling companies to get the price because they often get a bulk discount. However, it will give you a starting point as to what some of the rough materials will cost.
Going green is a way to save money on commercial properties down the line, but they tend to increase the cost of the commercial property renovation up front. You may be able to put in solar panels, water savers, or other types of projects to cut down on the footprint of the building. However, they will only start saving you on your budget after their installation.
The crew that you hire for your commercial renovation are also going to have to be figured into your commercial building construction cost. Their costs may seem high at first, but when you look at everything they can get done and the quality and expertise you begin to see the higher cost may be worth it.
Experience Can Cut Down Your Commercial Building Construction Cost
The best way to manage your costs and keep them within budget when doing a commercial building construction is to turn to an experienced company. They know what to do better than you do, and they can give you an idea of what ups and downs to expect. Their contacts and network are already established, so you can get the work going quickly and not waste time (or money). Plus, you will have piece of mind knowing your project is in the hands of professionals. Give us a call today at (336) 215-0284 and let MEP Painting & Wallcoverings, Inc. help you get your commercial renovation project started.
Before starting an assisted living facility renovation or build, it is very important that you understand how these facilities work. You need to learn the flow and what makes life easier for the staff and the residents before you can begin building a retirement home. Speak with the owners, supervisors, and managers and find out some of these essential pieces of knowledge. Then, sit down and come up with the plan for the place once you know the point of what the facility will be used for.
Know the Types of Residents the Assisted Living Facility Will Cater To
There are major design differences you need to know about before starting an assisted living facility design. If the facility will only cater to those in hospice, you need different machines, room setups, and offices on hand than if you have an assisted living facility that caters to anyone of retirement age. The type of care the building will offer plays a huge role in how it gets set up originally. While an assisted living facility can make a lot of setups work, if it is set up properly before it is built, it becomes a lot more user friendly, and popular among residents.
Understand the Quantity of Residents You Need to Build For
You also should understand the type of scale you need before starting an assisted living facility design. If the facility is going to house up to a dozen people at a time, it needs to be set up differently than if it is going to house up to 100 residents at once, or even more. Plus, you will need to know if this will be a retirement home built for singletons or if there are ways to set up some of the units for couples.
Study Which Limitations The Residents Are Most Likely to Face
One of the most important parts of building a retirement home is to look at the facility as a resident. There are going to be limitations that come with any person who lives in an assisted living facility. They need help with some activities, and those needs should be incorporated into the build from the start. Plan for wider hallways. Make plans for an elevator if the facility has more than one floor. Make sure that if necessary, a hospital bed can maneuver the common areas of each floor. Put in lots of handholds and security features to help this population be less likely to slip. The more you know about the needs the residents will have, the easier time you will find when starting an assisted living facility design.
Where to Get Help for Starting an Assisted Living Facility
For those who want help with this from experienced professionals, you want to turn to the pros at MEP Painting & Wall coverings, Inc. We have been through the process of building a retirement home, and we know many of the steps that go into the process. Contact us today and let us share our advice and knowledge with you to make the process easier.
If you’re in the process of planning a sizable renovation or construction project, it would likely be in your best interest to hire a commercial general contractor. Whatever type of business you’re in – whether it’s retirement homes, restaurants, banking, hospitality, or retail – your construction project will be much more organized and easier to manage if you work with a commercial general contractor.
But there’s often a lot of confusion about what all a commercial general contractor can do. For those of you who are unclear about their role, here’s a bit of information to help you out.
The Potential Duties of a Commercial General Contractor
Broadly speaking, a commercial general contractor is in charge of overseeing and managing large construction and renovation projects. There are a number of functions that general contractors can serve, including:
Coordinating with the Project Architect
If the project is large enough to require the use of an architect (and most commercial renovations are), a commercial general contractor will help ensure that the architect’s vision becomes a reality. The contractor will consult with the architect, review the building plans, look for potential problem areas, and resolve any issues that arise to help the project progress smoothly.
Gathering and Evaluating Bids
One of the biggest benefits to hiring a commercial general contractor is they can take charge of receiving bids. Think of all the work you won’t have to do if you turn it over to a commercial general contractor – they can solicit bids, gather and compare proposals, then thoroughly vet the bidding companies before providing you with a final recommendation. That saves you an awful lot of time, energy, and effort!
Providing Necessary Labor for the Project
Whether it’s basic carpentry work, wallcovering installation, and painting or something that requires a highly-skilled specialist, you can count on a general contractor to find the workers you need to get the job done right.
Purchasing Supplies and Arranging Delivery
Another valuable service that a commercial general contractor can provide is purchasing all the supplies needed for your renovation project. In addition to ordering the necessary materials, they can also schedule deliveries to arrive during the correct stage in the construction process so that supplies aren’t lying around, getting in the way.
Checking the Quality of All Work Performed
You can’t be everywhere at once – that’s why it’s so important to have someone you trust in charge of your construction project. With a commercial general contractor on the job, you have a reliable authority onsite to inspect all the work being completed, making sure that it’s completed to a high standard.
Creating and Monitoring Work Schedules
If you want your project to be completed in a timely manner, you need someone on your side who can create and implement realistic work schedules. That’s another role that a skilled general contractor is able to fulfill – they can work with you to draw up a detailed timeline for construction then ensure that it’s carried out as planned over the course of the project.
Arranging for Permits and Inspections
Completing inspections and acquiring permits can be troublesome and time-consuming, but they’re a necessary part of the construction process. If you want help overcoming permitting and inspection hurdles, let a commercial general contractor do all the legwork for you.
These are just a few of the many ways that a commercial general contractor can help keep your construction project on track.
Keep in mind that the specific tasks a commercial general contractor undertakes can vary from project to project; these duties are usually determined during negotiations between the general contractor and the person or group who is funding the venture. Talk one-on-one with your general contractor to clearly define the roles they’re expected to play in your renovation project.
Where to get help with renovation & construction projects?
MEP Painting & Wallcoverings, Inc. commercial general contractor services are leading the southeastern United States. For 20 years our client satisfaction exceeds expectations. You will find dependable contractors who insure top quality work. MEP stands for quality, honesty, and dependability. We don’t cut corners like others do, and we often end up repairing or fixing jobs done poorly by others. For hotel renovation projects, office renovation, restaurant remodeling, retirement homes renovation, bank painting contractors, or any commercial building construction call the best general contractor in the southeast, serving Virginia, North Carolina, South Carolina, and Georgia. Call 336-215-0284 or submit the contact us form.
If you’re thinking about building an assisted living facility, one of the very first steps you need to take is crafting a business plan. There are several reasons why an assisted living facility business plan is so important.
For starters, it works as a road map for your business, spelling out in detail your goals plus strategies to reach them. Having this type of document will provide your company with a cohesive vision for future growth and keep you on track as you’re building your business.
An assisted living facility business plan is also vital because it’s likely you’ll need to have it in order to secure financing. Most banks won’t even consider lending you money to start a company unless you have a thorough and accurate business plan in place.
But what type of information should you include in your assisted living facility business plan? No two business plans are exactly alike, but you’ll find that many of them do share a common structure. The sections that are considered to be most essential to your business plan are:
In the “Company Summary” portion of your plan, you’re going to provide an overview of your business. Within this section, you need to write in detail about the mission of your company. Why are you building an assisted living facility? What is the purpose of your business? What services do you provide and why? What goals do you hope to reach?
This section of the business plan can also contain an outline of how your company will be organized. How many staff members will you need? What type of management positions will there be? Who do the various staff members report to?
In order to convince a bank to lend you money for building an assisted living facility, you’ll need to show that you’ve done your research. You should have a thorough understanding of the industry that you’re entering into and be able to demonstrate that through your business plan.
That’s where the market analysis section comes in. In this portion of the assisted living facility business plan, you’ll be providing an industry overview detailing current market conditions and trends.
To fill out this section, you should be able to answer questions like:
- Who is currently using these services?
- What is the size of the market right now?
- How is the market changing? Is it growing or shrinking?
- What is the potential size of the market?
- Are our services suitable for the current market?
- How much of the market share can we expect to earn?
- Who are our competitors? How do we distinguish ourselves from them?
- What barriers to entry are there and how do we overcome them?
- What are the figures – how much money might be made?
In the end, you should be able to demonstrate that there is a current need in the market for the services you provide and that the economic outlook is favorable.
Here is where you get into the nitty-gritty details of your finances. How much will building an assisted living facility cost? How much money do you need up front? Once the facility is built, how many residents do you need every month to be able to pay your bills?
Make sure that you provide as many details as possible. Try not to overlook anything. Think about what kind of salaries your staff members will earn. How much do you expect your utilities to cost? What about food, linens, and entertainment expenses?
In addition to answering these questions, it’s also a good idea to include a break-even analysis to show how long it will take before you start making a profit. Banks are especially interested in any information you can provide about profitability.
Strategy and Implementation
This portion of the assisted living facility business plan is where you explain how you’re going to achieve your goals. How will you reach your target market? What kind of marketing strategies do you plan to use?
It’s also wise to include a list of milestones in this section. For example, you can set dates for:
- When you secure all the funding necessary for building an assisted living facility
- When construction will start and end
- When you’ll buy furnishings
- When advertisements will run in local newspapers or on the radio
- When you’ll finalize arrangements with medical suppliers
- When you’ll start interviewing potential staff members
- When employee training will take place
- When the first residents will be able to move into the facility
- …and so on
Ask for Help with your Assisted Living Facility Business Plan
If the idea of writing your own business plan for building an assisted living facility sounds daunting, there’s good news – you don’t have to do it yourself. There are plenty of places to turn when you need help.
If you still want to tackle most of the writing yourself, there are apps and websites you can use to provide some guidance. For those who prefer to let a professional take over, you can hire a writer or company that specializes in drafting business plans. You may have to pay a bit more money, but it’ll save you time and effort in the end.
If you’ve been in the hospitality industry for any length of time, you know that hotel renovation projects are an absolute necessity. They’re also a giant pain in the you-know-what. Many hotel owners dread hotel renovation projects because they take a lot of planning, coordination, effort, and resources to conduct successfully.
If you’re feeling apprehensive about your upcoming hotel remodeling, let us provide you with a little help; we present to you five helpful tips to ensure that your hotel renovation projects are a success.
Tip #1 – Planning is Everything in Hotel Renovation Projects!
The most important thing to do when preparing for hotel renovation projects is to create a clear and precise plan. This plan should be as detailed as possible.
One of the most vital pieces of information to include in your plan is when the remodeling will begin and end. Try to schedule renovations so that they’ll cause the least amount of disruption to your guests. When is your low season? That would likely be the best time to schedule hotel renovation projects.
Of course there’s a lot more to planning than just determining the dates of your project. That’s a great starting point, but you also need to plan things like getting your financing in order, consulting with design professionals, arranging for the proper permits, figuring your overall hotel renovation costs, etc.
If you would like to have some help planning and executing your hotel renovation projects, a great place to turn is to a professional construction project management firm. They can shoulder most of the responsibility, including the planning, freeing you up to run your hotel.
Tip #2 – Define the Scope and Purpose of Your Project
You need to be clear about the scope and purpose of your hotel remodeling. Are you undertaking a major restoration or are you just making a few upgrades to the hotel floor coverings, furniture, and fixtures? Do the lobby or hotel restaurant need a facelift or just the guest rooms?
Before you start work on hotel renovation projects, you should also be clear about what brand image you’re trying to project. Do you want to change from a homey, family-oriented establishment to a hip, upscale hotel? Or are you sticking with the same brand but just freshening it up a bit?
Spend some time thinking about the type of impression you want your hotel to make on visitors. Remodeling offers you the perfect chance to make some changes to your brand. It’s also important to have the scope and purpose of your project mapped out in advance because it directly affects your hotel renovation costs.
Tip #3 – Work with an Experienced Team
Hotel renovation costs may be high, but if you’re looking for places to cut corners, don’t do it by hiring cheap labor. You’ll end up paying for it in the end.
What you need is a team of experienced professionals. Everyone from your project manager and architect to your general contractor and construction workers should be top-notch.
That means you need to spend time thoroughly vetting your team members. Dive into their backgrounds and check their references to make sure that they’ve had plenty of positive experiences working on hotel renovation projects similar to yours.
Tip #4 – Communicate Clearly with Your Team
One of the easiest ways to run up hotel renovation costs is by not communicating with your team. If the hotel wall coverings need to be in by Monday but your contractor has them scheduled to arrive on Friday, this could seriously disrupt workflow, costing days of productivity.
Make sure that communication lines are open and everyone on your team is kept in the loop. Having regular meetings to discuss important issues and keep everything running smoothly will help facilitate better communication and keep hotel renovation projects on track.
Tip #5 – Remain Flexible and Expect the Unexpected
While we would most certainly like for everything to go according to plan, chances are you’re in for a few surprises. Even with the most detailed plan and accomplished team, you need to expect some unexpected issues to arise. You can plan for some of these problems by adding a 5% (or more depending on the size of your project) cushion into your budget, which is called a contingency budget. But you still need to remain flexible and be ready to deal with any unforeseen problems as they pop up.
Where to get help with hotel renovation projects?
MEP hotel remodeling and refurbishment services are leading the southeastern United States. For 20 years our client satisfaction exceeds expectations. You will find dependable contractors who insure top quality work. MEP stands for quality, honesty, and dependability. We don’t cut corners like others do, and we often end up repairing or fixing jobs done poorly by others. For hotel renovation projects call the best hotel remodeling company in the southeast, serving Virginia, North Carolina, South Carolina, and Georgia. Call 336-215-0284 or submit the contact us form.
Have you been thinking about upgrading your interiors but don’t want to pay for professional wallpaper installation? Professional wallpaper installation may seem like an unnecessary expenditure, but there are many reasons why it’s actually a good investment. Here are just a few:
Professional Wallpaper Installation Will Save You Time
When you hire a professional to install new wallpaper for you, you’re paying for their experience. Because they have provided this type of service numerous times before, a professional will be able to complete the wallpapering project much faster than you or any other novice would. Professionals will also guide you in the types of wallpaper you select.
Professional Installers Are More Knowledgeable
You should also consider the fact that the job may require more than just installing wallpaper. Depending on the condition of your walls and the types of wall covering you now have, you also might need to do one or more of the following:
- remove old wallpaper
- degloss any enamel paint
- clean the walls
- fill in holes
- repair cracks
- remove any texturing
- prime new drywall
Do you or the crew you would hire know how to do all that? If they don’t have much experience with these tasks, it can take a lot of time to learn. And if your crew doesn’t know what they are doing the project can become a real mess in a hurry.
A professional installer will also know how to work with different types of wall covering. Whether you want vinyl coated paper, embossed wallpaper, or natural textile wallcoverings, you can count on a professional to have the know-how to get the job done right.
Investing in Professional Wallpaper Installation Saves Money
Installing wallpaper correctly requires using a number of different tools – and tools cost money! You might have a few of the items you’ll need lying around, like a tape measure, step stool, and bucket. But do you have every tool necessary to get the job done right?
Don’t forget that different types of wall covering can require different tools. How much money will you need to invest to get the equipment you need? And then ask yourself if you have the skills to be able to use those tools correctly.
When you invest in professional wallpaper installation, they provide their own high-quality tools and the trade skills to use them in the most efficient way. That means you no longer have to worry about making a big expenditure on wallpapering tools you’ll rarely use.
Professional Wallpaper Installation = Less Frustration
Let’s face it – hanging wallpaper isn’t the most enjoyable activity, especially if you don’t have a lot of experience. When you’re first learning how to do something, it can take a lot of trial and error before you get things right. Making mistakes can lead to a lot of frustration. Wouldn’t it be a lot easier to bypass the frustration and hire a professional? And the types of wallpaper you choose won’t matter to the professional, so even less frustration for you.
You’ll Get Better Quality Work with Professional Wallpaper Installation
About those mistakes we were talking about…how would you like to have them displayed on your walls for years to come? If you do the work yourself or hire an inexperienced team, that’s what you’ll end up with – sub-par work. By hiring trained professionals to install your wallpaper, the job will be completed to very high standards. And you’ll end up with walls you can be proud of.
You Don’t Have to Clean Up Afterwards
The high-quality work doesn’t stop when the wallpapering is done, at least not with professional wallpaper installation. Professional wall covering contractors take great pride in their work and strive to exceed their clients’ expectations. That means when they’re finished with the job, they don’t just grab their stuff and go home; they will thoroughly clean the area, picking up and disposing of any bits of wallpaper or other trash that they find.
For the Best Results, Hire a Professional
If it’s quality you’re looking for, then professional wallpaper installation is the way to go. Doing it yourself or hiring a novice crew with little experience will only lead to lost time, lost money, and lost patience. MEP professional wall covering contractors have all the knowledge, tools, and expertise necessary to provide you with the superior results you’re after.
For professional wallpaper installation for your commercial projects contact MEP by completing the contact form or calling 336-215-0284.
These days, building a nursing home or assisted living facility is considered a solid investment, and for good reason: building a nursing home can offer backers a high return on investment.
Not only that, but projections also indicate that the demand for assisted living facilities and nursing homes is increasing because the number of people over the age of 65 is expected to skyrocket over the next 20 years.
It’s no wonder that more and more investors are considering building a nursing home and doing research on the process, requirements, cash flow potential, etc. But one of the first questions potential backers ask is, “How much does it cost to build a nursing home?”
Building a Nursing Home Costs: The Short Answer
There is actually a couple of ways to answer the question, “How much does it cost to build a nursing home?” The short way is to simply give you the numbers.
On average, building a nursing home in the United States costs about $160 per square foot. If you have a rough idea how large of a facility you’d like to build, all you have to do is multiply the number of square feet by $160.
For example, a facility that measures a total of 25,000 square feet would cost four million dollars on average.
But you need to keep in mind that this is just an average. When you look at the data a little closer, you’ll see that the cost range goes anywhere from $120 to $215 per square foot.
Building a Nursing Home Costs: The Long Answer
That’s where the long answer to “How much does it cost to build a nursing home?” comes in. There are a number of factors that affect the price you’ll spend per square foot when building a nursing home, including:
Where your facility is located has a considerable effect on the cost of construction. If you’re interested in building a nursing home in San Francisco, you should expect to pay a lot more than average; it’ll cost you almost $200 per square foot. For a nursing home in Houston or Dallas, you’re looking at the lower end of the scale – around $140 per square foot.
The price per square foot varies for a number of reasons. For starters, the cost of land differs from city to city. Building in Kansas City will be a lot less expensive than building in New York City because land costs less there.
Location also determines how much you’ll be spending on labor. For example, construction workers in New York make an average of $43,311 per year but those in Alabama make just $28,580. The cost of materials also depends in part upon where you build.
You also need to take size into consideration when figuring out how much it will cost to build a nursing home. Constructing a 10-story nursing home is a lot more complicated than building a structure that’s just one or two stories tall. That means the taller a building is, the higher the cost per square foot will be.
Type of Materials Used
Another factor to consider when calculating the cost of nursing home construction is the type of materials you plan to use. Are you planning to build a high-end retirement facility with a brick exterior and hardwood floors? Or would you prefer to lower your building costs by using vinyl siding and laminate flooring?
Putting It All Together
Using the information provided, you should be able to calculate a rough building estimate.
The first thing you need to do is determine the average cost of nursing home construction per square foot in your location.
If you’re in a large city with a high cost of living like Boston, San Diego, Seattle, or Washington D.C., then you’ll need to stick to the high end of the range, which is $215 per square foot. If you’re building in a more affordable location like Indianapolis, Oklahoma City, Wichita, or Phoenix, then head toward the lower end of the scale at $120 per square foot.
For those of us located in the southeastern states (North Carolina, South Carolina, Georgia, and Virginia) you will notice the cost range to be on the lower end of the spectrum. In fact, consider Winston-Salem as the place to build a nursing home as the cost is one of the lowest, and it has a lot to offer.
Then you need to adjust that number for the size of your facility. If your nursing home is going to be larger than 25,000 square feet and two floors tall, bump the number up a bit. And don’t forget to account for the difference in materials; if you’re using high-end materials, then increase the average cost again. This will give you a general idea how much you’ll be spending.
If you want a more specific estimate, it’s a good idea to contact a reputable construction company near you. Provide them with all the details on your project, and they’d be happy to give you a comprehensive quote.
For your assistance in building a nursing home, MEP Painting & Wallcoverings, Inc. offers budgeting and project planning help. Their experienced contractors help client’s prepare for their construction projects. If you need help with research and finding the right people for the job, MEP will help you with that also. For twenty years they have provided top quality work, on time and within budget. Their portfolio and testimonials of past projects demonstrate great client satisfaction. For your construction project call the MEP at 336-215-0284 or submit the contact us form.
The apartment building construction process is a complicated and time-consuming thing that requires a lot of preparation. Even if you have prior experience with construction projects, apartment building construction isn’t the type of project you should enter into lightly.
Before you decide that you want to invest in building apartments, you need to make sure that you have a thorough understanding of everything the process involves. The more information you have, the more smoothly your project will progress.
Here are a few things you should know about the apartment building construction process before you decide to proceed with your project.
There’s a Lot of Work to Do Before Building Starts
If you want your apartment construction project to be a success (and of course you do), then you’ll need to invest a lot of time in planning and preparation. There are a number of factors to consider, such as:
Where You Want to Build – Before you start planning your apartment building project, you need to thoroughly investigate the area where you want to build. Ask yourself questions like:
- What kind of infrastructure does the area offer?
- What other buildings and businesses are nearby?
- Is there a demand for apartments here?
- Are there any barriers to construction?
- Is there enough land available for development?
- How much does land in this area sell for? Is it affordable?
Just because you find an affordable piece of land, that doesn’t mean you can build the apartment complex of your dreams on it. You first need to look at the zoning laws in your area.
Local zoning ordinances can dictate things like the what types of building can be constructed in the area, the maximum height of your building, the number of units it can contain, how much green area you must have around your building, the number of fixtures required per floor, etc.
Before moving forward on your project, make sure you check to be sure that the plans you’ve conceived follow the applicable zoning laws. MEP Painting & Wallcoverings are experienced contractors who can help you prepare with all the appropriate permits and licenses.
What Tenants Want
You also need to have a pretty good idea what renters want before you start work on your apartment building. There’s really no use in constructing an apartment complex if it’ll just sit empty because it doesn’t meet the needs of potential tenants.
Find out what type of apartments and amenities are most likely to attract renters in your area. For example, in recent years one-bedroom apartments have been declining in popularity while two and three-bedroom apartments have been on the rise.
The Apartment Building Construction Process Could Take Longer Than Expected
Even with the most meticulous planning, your apartment building construction process could take a lot longer than you originally expected. While the average multi-family construction project takes just under 12 months to finish from permit to completion, your building could take longer because:
- The size of your building is larger than average
- There are more units in your complex compared to the average project
- There’s a labor shortage in your area
- Weather in your area is harsh which affects your construction schedule
- Cutting through legal and governmental red tape causes delays
- Your location is hard to reach, making it more difficult to get supplies
To make your construction schedule as accurate as possible, make sure to take all these factors into consideration when planning the apartment building construction process. But don’t be surprised if unexpected issues come up and cause delays – that’s simply the nature of the construction business.
Lots of Variables Affect the Cost
Accurately estimating the cost of an apartment building can be difficult to do. There are a lot of variables to consider when creating an estimate, such as:
- Your location
- The cost of land
- Architect fees
- The size of your building
- The quality and cost of construction materials used
- Local labor rates for carpenters, electricians, plumbers, painters, etc.
- The quality of the flooring, fixtures, and appliances you choose
- The cost of permits, licenses, and insurance
Don’t calculate a budget based on incomplete information, outdated numbers, or best-case scenarios. To make your apartment building construction process go more smoothly, you need to create a budget that’s as realistic and detailed as possible.
MEP Painting & Wallcoverings, Inc. offers budgeting and project planning help for it’s customers. Their experienced contractors have been helping client’s prepare for their construction projects. For twenty years they have provided top quality work, on time and within budget. Their portfolio and testimonials of past projects demonstrate client satisfaction. For your construction project call the MEP at 336-215-0284 or submit the contact us form.