How to Renovate a Commercial Building and Stay on Budget

by | Jun 7, 2024 | Commercial Renovation

The average commercial building lifespan is around 50 years. That sounds like a long time—except every building is made up of many systems, and each of those has its own lifespan, which is often fairly short. A heating and cooling setup, for example, can last as little as 10 years. 

Four signs you need to renovate

If you notice any of the following, it’s probably time to think about a revamp:

  1. High utilities
  2. Outdated interior
  3. Lack of space
  4. Deterioration (from water leakage, foundation issues, or otherwise)

Even if your property performs its function and is not damaged, a renovation is a statement. Commercial property owners underestimate the power of perception, even retailers. Adding solar installation, for example, is a statement, and it’s affordable with tax credits. Property value increases. Reputation grows. You gain a competitive advantage over competitors.

But what matters most is getting the price under control.

Hire the right contractor for your commercial renovation.

By “commercial building,” we mean properties such as the following:

  • Office buildings
  • Warehousing
  • Storage
  • Retail storefronts

These are big, complex projects. Unless you’re planning on renovating yourself — no easy task — you’re going to need a contractor. Here’s how to choose one.

Keep the essential costs at the front of your mind mind.

Cost controls is the number one factor you need to get educated on if you want to know how to renovate a commercial building and keep dollars in your pocket.

  1. Labor
  2. Materials
  3. Overhead & Profit

When looking for a commercial renovation contractor, your goal should be to find one who will minimize these cost factors as much as possible. If you have concerns that your contractor isn’t doing that, get a new one.

Choose local to stay on budget.

A local contractor will have a working relationship with local suppliers, which means they’ll know where to get the best price on materials. They’ll also be familiar with regulations in your area, so they can help you avoid permitting pitfalls.

Check for specialized experience.

Sounds obvious, but don’t use a contractor with expertise in houses for your warehouse renovation. Take some time to think about what you want, then work with a company that can show you they’ve completed that kind of project before.

Expect communication regularly.

Your contractor should give you weekly updates. Frequent check-ins can catch any budget problems as they come up, allowing for quick fixes.

Trinity Stone can help with your remodel.

Trinity Stone Construction Group is a commercial renovation contractor with deep roots in the DFW market. We’re capable of any commercial project, from ground-up construction to interior remodeling, and we save you money.

We offer bi-weekly budget monitoring, timelines, and performance monitoring. We’ll be there for the entire process, from permit and insurance to design, planning, estimates, and quality control. When you know how to renovate a commercial buidling, you know what to demand from contractors.

Contact Trinity Stone today

We’re a trusted North Texas-based company that will guarantee your commercial renovation is on time and on budget.

Click here to talk to an expert at Trinity Stone Construction today.