Planning and developing a new commercial building or remodeling an existing one can be a tough and time-consuming job. We’ve put together some questions to ask before you start any commercial construction project.
Making sure you get the right questions answered before you begin your commercial construction project can save you time and money. Here are a few questions you should consider.
1. Where will your building be?
It is important to consider what kind of commercial building you are investing in and determine the best location. Whether you’re planning on building a hotel, an office, a gym, or a retail outlet, it is important to remember that different locations come with a host of different needs. Some commercial buildings will benefit from substantial traffic access, for example, while others will benefit from being in close proximity to certain amenities or the airport.
2. What kind of permits will you need?
Regardless of whether you are remodeling an existing building or having a new one built, you will need to get permits. Depending on the location of your building, you will probably need city and/or county permits. There may be other permits or licenses you will need depending on the type of business and the location. In addition, you need to know the zoning laws for the area to make sure you can comply. Doing your research and applying as early as possible will help to ensure your building is completed in a reasonable timeframe.
3. What kind of special requirements does your business have?
Consider what kind of features, amenities and technologies your building will need. Visitors may require bike storage, WiFi or certain accessibility features, for example. How many employees will you have and what is your expected customer traffic? You will need to plan for adequate parking space. There are likely certain regulations and laws that dictate parking and other requirements.
4. What is your budget?
It is important that you plan a realistic budget and stick to it. Make sure you have discussed it with your architect and contractor. Be sure to budget a contingency fund as well. You know there will be unexpected expenses no matter how much you plan. Don’t forget your technology, furniture, equipment and other needs as well.
5. Is your contractor licensed and capable?
Finding a commercial contractor who is licensed and capable is important if you want to ensure that your building is completed to a high standard and in a timely fashion. A quality contractor will be able to oversee the construction of your commercial property, ensuring that your construction project abides by relevant building codes and regulations. They will also be able to manage the project in a way that is highly efficient and will be able to talk to you about issues such as your budgeting and any worries you have about expenses.