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How Much Will My Commercial Building Construction Cost?

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

city planners discuss commercial building construction cost imageThe 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

commercial building construction cost improved by quality workers imageThe 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.

building renovation project plan study

A Brief Guide to Creating a Building Renovation Project Plan

When it comes to creating the perfect building renovation project plan, you have to make sure you follow some basic steps. The more thought you put into each step, the more likely you are to be able to stick with your goals, budget, and timeline. There are many considerations that also have to go into your plan for commercial property renovations. Here are some basic steps to make sure you get your plan set up perfectly.

Step One: Start the Building Renovation Project Plan by Setting Up Your Goals.

You need to go through and detail what your goals are out of the property. This is going to look different depending on if you do a residential or commercial property renovation, but you need to do this step for both types of property. What should the building hold when it is done? What is the purpose of the building? Include those points in your plan.

building renovation project partnerStep Two: Figure Out the Best Professionals to Work With.

When you want to create a building renovation project plan, you want to partner up with a professional who knows what needs to be done. You want someone with the experience you do not have so that both of you can work together and create the best possible outcome. You want to think about contractors, material handlers, and designers during this step.

Step Three: Research Your Location Before Work Begins.

This does not mean going to the library to research necessarily, unless you are renovating a historic location. However, you do want to look into the background of the building. Look at the mechanicals and guts of the building. Are they in good working order or do they need to be replaced? What types of evaluations have you found on the property in the past? Does it change your goals for your renovation? Also make sure you look up the coding for the building you want to work on.

Step Four: Setup Your Schedule and Budget

completed building renovation project imageThis is a very important aspect of your building renovation project plan. You need to get a really good idea what type of work can be done and when. The budget and the timeline go together with this because you have to prioritize the work that needs to be done first so that you are sure your budget has the room for those items first. When the major projects are complete, you can then change around whatever projects are left to fit in the budget you have left. The timeline has to have a little bit of wiggle room built into it for unexpected circumstances that come up. However, it should be a schedule that your general contractors and other professionals can depend on to keep work flowing properly.

With commercial property renovations, it is imperative that you come up with a solid plan. That is the only way to get the work done right where you know the project will have the best chances of being successful.

Getting help with your building renovation project plan

If you need help coming up with your building renovation project plan, contact us here at MEP Painting & Wallcoverings today! Our services are only for Commercial properties in Virginia, North Carolina, South Carolina, and Georgia. Call 336-215-0284 or submit the contact us form.

Georgia Bank Construction and Remodeling Agreement Handshake

Interviewing Commercial Contractors for Your Georgia Bank Construction and Remodeling Project: 5 Questions You Need to Ask

It’s essential to find the right bank contractor for your new Georgia bank construction. The quality of commercial contractor that you hire can make or break the project. If you end up working with a sub-par contractor who doesn’t deliver on their promises, your bank construction project will suffer the consequences, putting your investment at risk. Continue reading “Interviewing Commercial Contractors for Your Georgia Bank Construction and Remodeling Project: 5 Questions You Need to Ask”