Renovations are the perfect way to transform spaces and morph them into new beginnings. However, they require a lot of different moving parts, and with all that activity, things can get overlooked or lost in translation. Before taking off with this new project, check out these mistakes to avoid when renovating your commercial property.
Tight Budgets
Renovations can get pricey, so you should only do them if you can afford them. You’ll need to create a budget to stay on task and not exceed your limits. It’s a good idea to create some wiggle room for yourself. You can rest assured that the contractor you hire will come up with extra expenses.
Create an emergency fund so you don’t have to dip into your budget too much. If the extra expenses work with your budget, leave the emergency fund alone. However, if they are outside your means, look at the cushion you’ve created and see what you can salvage.
Wrong Floor Plan
Sometimes, property owners have ideas that are too out of the norm. Making your property unique to your purpose is necessary. However, it’s not ideal to choose a floor plan that will leave people confused or create more problems than solutions.
Work with a professional contractor and architect to get insight from them. The architect will work to help make your vision come true in the most practical sense. The contractor can weigh in on what’s realistic and what’s not. Creativity is important, but so are practicality and safety.
Dumpster Brokers
Renovations mean debris, excess trash, leftover drywall, torn carpeting, and new flooring. These items won’t fit in a standard garbage bag. You’ll need to rent a dumpster for the project.
You should avoid hiring a dumpster broker to try and save money. This is a common misconception because dumpster brokers create problems with no solutions. Save yourself the trouble, find a company directly, and hire them for better service.
Compromising Plans
Do not cut corners. The first point mentioned avoiding a tight budget, but that does not mean you should go cheap on a renovation project. Compromising supplies or specific steps to protect your wallet might be the biggest mistake you can make.
For example, those corners you cut could come back and bite you. If you avoided getting the proper electrical work done, the building could experience a blackout or something worse: an electrical fire. Now, you have a bigger expense on your hands that will undoubtedly cost you more than doing the right thing in the first place.
These mistakes could make your renovation project a bigger headache than it needs to be. Keep it simple when it comes to your commercial property.