Conducting Commercial Property Renovations
Commercial properties often house business facilities or residential tenants. Conducting any type of refurbishing must take into account the needs of the current residents, but also future residency needs and the income and expense projections for the space. It is best to work with a professional designer and contractor when you are planning any commercial renovation.
Focus on Details of Past, Present and Future
The design for your space should incorporate research of how the space has been utilized in the past, but also include current uses and potential needs. This research should include the demographics of the site location and the potential tenants or businesses that would be attracted to the space. Try to uncover other developments or businesses in the area that could threaten the success of your own location.
Be Current on Codes
As you alter or refurbish your property, take into account how building permits or codes may have changed from the initial construction of the structure. Retrieve original plans and architectural drawings to have a clear picture of potential structural concerns with your commercial renovation. Types of building materials may also be dated, needing to be replaced in order to remain compliant with fire codes or health and safety.
Keep Others in the Loop
Your refurbishing project may catch the interest of local city councilmen or residents, possibly creating a need for you to schedule an informal meeting to inform them of your proposal and plans. Additionally, it would be wise to have a timeline readily available concerning stages of the project for potential tenants or utility or service providers. Talk to local realtors or other professionals concerning steps for rental or operational success with your renovated building and proposed plans.
Commercial renovation takes quite a bit of thought and planning, and it relies on a skilled crew and qualified leadership. Invest in your property by hiring the right team of contractors to get the job done right.