Before Investing in New Construction, Consider the Benefits of Commercial Renovations
All too often, a business might outgrow its first location, leading to a need to spread out and expand. However, if the location is something you like too much and you have control over the design and construction of your facility, you don’t need to go anywhere else. Investing in either new construction or commercial renovations creates open, inviting and functional spaces for new and old employees and customers alike. But, before you dive headfirst into a new construction project for your facility, Mid-Illinois Companies encourages you to consider interior remodels and renovation first. You might find a commercial remodel is all you need to expand your business’s operations, and you can even benefit from the value, speed, and versatility renovations afford you. Learn more about the benefits of commercial renovations over new construction from Mid-Illinois Companies.
Cost of a Project
Unfortunately, inflation and high demand for certain construction materials have led to some of the highest prices in the construction industry to date. Needless to say, these price increases can wreak havoc on any business wishing to expand their facility. Yet, rather than relying on an entirely new construction, you can cut costs and stay within budget by renovating your facility instead. Commercial renovations offer a more cost-effective alternative to new construction, as you can work with existing structures and materials rather than starting from scratch. This way, you can avoid the high costs of purchasing new land and building materials while still achieving your desired expansion goals.
Time to Finish
Time is money, as the saying goes! Yet, expanding your commercial facility can take significant time to do so effectively. Depending on how expansive an addition you plan on for your facility, it can cut into the productivity and operation of your business. Instead of investing in your company’s future, you are setting your business back by weeks or months, making it a challenge to keep up with customer demands, meet deadlines, and achieve your operational goals. Conversely, commercial renovations take a fraction of the time that new construction does. With less demolition and construction required, you can keep your business running smoothly while still improving and expanding your facility.
Versatility & Function
Admittedly, the types of renovations you can implement are limited by the dimensions of your facility, unlike new construction, where you start with a “fresh slate.” Yet commercial renovations are flexible, and interior contractors (like those at Mid-Illinois) know how to get creative with their designs. Commercial renovation still offers business owners plenty in the way of customization, upgrades, and facility modifications. Interior renovations can open up space, allow for more natural lighting, update your facility’s HVAC system to be more energy-efficient, replace outdated plumbing, and much more. With commercial renovation, you still achieve the same versatility and function as new construction, if not more so!
When Might New Construction Be Better?
Of course, as there are many benefits of commercial renovations, new construction might still be the best option for your facility. There are a few downsides can’t as easily compare to new construction:
- Limited Design Options – One of the primary downsides of commercial renovations is the limitation on design possibilities. Since renovations must work within the existing structure, achieving radical changes or a completely new architectural style can be challenging.
- Structural Limitations – Older buildings may have structural issues that can complicate renovations. In some cases, addressing these problems can become costly or significantly limit the scope of what can be achieved.
- Hidden Costs – Unforeseen challenges can lead to additional expenses, such as outdated wiring or plumbing not up to code. These hidden costs can sometimes rival or exceed the costs of new construction.
- Space Constraints – While renovations can certainly optimize existing space, they usually cannot increase the overall square footage of a building. If considerable additional space is needed, renovations may not suffice.
- Compliance and Zoning Issues – Older buildings might not meet modern zoning or code requirements. Renovating such facilities might involve bringing them up to current standards, which could be a costly and intricate process.
Expand Your Facility with Mid-Illinois Companies
Whether you want the benefits of commercial renovations or you might require new construction to truly spread out, Mid-Illinois Companies can happily oblige. Between our commercial framing, interior contracting, and additional contracting services, we can create a commercial space that’s expansive, beautiful, functional, and the perfect fit for your business. To learn more about Mid-Illinois Companies and our contracting services, contact us today at 309-674-0717 (Peoria Office) or 217-685-5486 (Springfield Office).
