How to Minimize the Costs of Owning a Distressed Commercial Property

Posted on March 31, 2022 by bafcorp20

Are you a real estate developer who recently purchased a foreclosed or condemned property? Maybe you’re a real estate investor who has been sweating a stalled commercial construction project? Or perhaps you are a bank owner who has a distressed commercial property on the balance sheets? Either way, the expenses associated with owning and maintaining a real estate-owned (REO) distressed commercial asset can be draining to your bottom line. If you feel like you are hemorrhaging money by owning a foreclosed or deteriorating commercial property, it is time to take action and turn your asset into a moneymaker.

Continue reading to learn 2 effective ways to minimize the various costs of owning a distressed commercial property, plus how to find professional commercial construction company specializing in remodeling and renovation for distressed assets.

Indianapolis Commercial Renovations 317-253-0531

Effectively Managing a Distressed Commercial Property Starts With the Right Help

The two most effective ways to minimize the cost of owning and maintaining a distressed commercial property or asset are: 1) Hire a skilled commercial general contracting company, and 2) Be sure they provide specific services and solutions for real estate-owned (REO) construction.

Without proper planning and preparation, your distressed commercial asset will continue to bleed your bank account dry. It is critical to the overall success of revamping a distressed property to choose a qualified Central Indiana commercial construction company for the job. A licensed and experienced commercial general contractor who specializes in real estate-owned (REO) commercial distressed asset construction and renovation can help you come up with a viable plan that abates further deterioration and sets in motion a system of rebuilding a profitable asset.

What You Should Expect From Your Commercial General Contractor

After finding a qualified and experienced commercial general contracting company in central Indiana to provide your REO commercial distressed asset remodeling and renovation work, it is important that you confirm the services and solutions they are prepared to offer you during the process. In order to effectively turnaround a commercial distressed asset or property, your commercial general contractor should be able to provide the following services and solutions:

► Budget Analysis and Cost Foreseeability Evaluations

Your contractor be able to uncover discrepancies in terms of how much work has been done and how much was paid to previous contractors and subcontractors who did the. Additionally, they should be able to perform accurate cost foreseeability evaluations for all future renovation work, procurement, and post-facility maintenance plans.

► Commercial Construction Management

In addition to providing proper budget analysis and cost foreseeability evaluations, your commercial general contractor should be able to act as your single point of contact for all future projects. They should be able to organize a streamlined system to communicate with all vendors, subcontractors, and procurement companies, including the title company, on your behalf.

► Space Planning and Permitting

When renovating, remodeling, or, knocking down a distressed commercial asset, it is important to ensure that all work is performed in accordance with all local and state regulations, as well as all building code and jurisdictional requirements. Be sure your commercial construction general contractor can work with the proper jurisdictional authorities to provide comprehensive space planning and permitting services on your behalf.

Are you looking for a qualified commercial general contracting team that can transform a commercial distressed asset or real estate development project in Indiana? Contact BAF Corporation at 317-253-0531 for comprehensive commercial construction services in Indianapolis and its surrounding counties.

How Today’s Technology Gives Commercial Tenants the Upper Hand

Posted on March 28, 2022 by bafcorp20

Although landlords and real estate developers also benefit from today’s technology, the current and evolving advancements available to commercial tenants really provides them with the upper hand in leasing commercial space. Continue below to learn the top 3 ways the technological advancements of today can help commercial tenants get the best deal in the best location possible, plus who to call for professional tenant improvement remodeling and construction in Central Indiana.

Tenant Improvement Contractors Indianapolis Indiana 317-253-0531

Corporate Tenants Benefit From Commercial Real Estate Technology

The evolving technology of today has really affected corporate tenants in a positive way by enhancing their experience in the commercial leasing industry. Depending on which resources and technologies chosen, corporate tenants can benefit from easier lease management solutions, expanded property touring, and successful negotiations.

Lease Management Solutions

Landlords and property management companies have long had access to programs and software systems that help them organize, track, monitor, and management their leases. But today, corporate tenants also have access to such technologies. As a corporate tenant, you can procure your own commercial lease office management software to help you keep track of important dates within your lease agreement, terms and conditions, lease amendments, claims, and more.

Even better, there are brand new software programs of this sort that will keep track of occupancy expenses and compare such expenses to your lease terms. This software can help lower business costs, especially for companies with a portfolio of multiple office leases.

Expanded Property Viewing

Not only do tenants have the upper hand when it comes to staying on top of their corporate lease agreement, but they can now benefit from advanced property viewing and touring. With innovative technologies like exterior drones, interior infrared drone cameras, and 3D modeling programs, which work similar to virtual reality, allowing 360 degree views and a real-life perspective of a property. In fact, there is even talk right now about smartphone-compatible immersive virtual reality technology applications that can place potential tenants inside the property for an up-close look. Only the future will tell!

Effectual Lease Negotiations

Technology has by far given corporate tenants an advantage in terms of lease negotiations. With just a click of a button, potential leasers can view and adjudicate virtually all market data for a property before even making a call to schedule an on-site tour. This gain can trigger tenants to make more impulsive selections and de-selections during the initial phase of the commercial office search. Additionally, this access to market data tells corporate tenants what the current market conditions are for such real estate, which in turn allow them to better evaluate leasing deals.

But this is not the only market research tech that gives commercial tenants the upper hand; there is also commercial real estate data exchange platforms available, which combines market research and social media data. This program lets tenants get additional information on rent and lease deals, free rent credits, and even tenant improvement allowances.

Are you looking for a qualified tenant improvement contractor to help remodel your office space into a place that best meets the overall objectives of your business? Contact BAF Corporation at 317-253-0531 for commercial tenant improvement remodeling and construction in Indianapolis, Indiana. We serve commercial and industrial clients all throughout the state.

How to Select the Right Commercial Wood Flooring

Posted on March 18, 2022 by bafcorp20

When it comes to installing new commercial flooring, you are likely aware of the gaining popularity of wood floors. From solid wood and hardwood to laminate wood, engineered wood, and many more, the options for a new wood flooring system are abundant, but not all are the right choice for you. Continue reading to learn some tips for selecting the right commercial wood floors for your business, plus who to trust in Central Indiana for superior commercial flooring services that stand the test of time.

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Commercial Wood Floor Considerations

There are several considerations to address if you want to make the right wood flooring selection for your place of business. Among the more important considerations are the type of workplace environment within your commercial building, as well as any related or subsequent conditions that might affect wood floors, such as humidity levels, daily foot traffic, and of course, budget.

Some Questions to Ask Yourself Before Choosing New Wood Floors:

↪ Do you want your commercial wood flooring system to look perfectly polished?

↪ Do you prefer a more rustic or natural finish?

↪ What’s your flooring budget?

↪ Does your budget allow for higher-quality materials? What about a post-install protection plan?

↪ Do you have radiant-floor heating? If not, do you want heated floors?

These questions and more can be answered with the help of a qualified Indianapolis commercial general contractor who specializes in commercial flooring services. Below some common types of commercial wood flooring sold on the market today so you are better prepared to make the right decision for your business or commercial property.

Solid Wood Floors

Solid wood flooring is just that, solid and dense wood. It comes in many colors and levels of rustic-like looks. But keep in mind that solid wood floors will naturally mark and scratch overtime. This makes it a good choice for property owners and business owners who prefer the “lived-in” or countryside look. It is also highly recommended for those who want a low maintenance option. Some places are prone to imminent wear and tear, like child or doggy daycares, vet offices, music venues, skating rinks, or dive bars. Overall, solid wood flooring is a stress-free option for those who like a natural look and feel. If scratches and marks are not an option for you, then this is probably not the best choice for your property.

Also, properties with heated floors are not good matches for solid wood. Likewise, commercial properties located in regions with fluctuating humidity levels are not good matches for solid wood flooring. This is due to the fact that solid wood expands in heat and contracts in cold, which can cause warped or loosened floorboards and other aesthetic challenges. A simple and quick moisture test can tell your commercial general contractor whether solid wood floors will be a lucrative choice for your business or not.

Laminate Wood

Laminate is a synthetic material. Although it is not real wood, this type of flooring is made to replicate the look and feel of real wood floors, but without all the wear and tear. For those who want flawless wood flooring, laminate is the best option. With a real look of wood, laminate flooring offers property owners a scratch-free and mark-free surface, all the time. With a little routine maintenance and gentle cleaning, laminate floors can last a very long time. And the best part is, they are very affordable! They come in infinite styles, sizes, and colors so customizing your interiors is easy to do.

Engineered Wood Flooring

For business owners and commercial real estate developers who want real wood floors but cannot because their property is in an area with fluctuating humidity or has underfloor heating, engineered wood is a great choice. Engineered wood floors are basically a top layer of real hard wood that is bonded to a bottom softwood base. This allows property owners to have a real wood look and feel, even if they have heated flooring or a property that otherwise wouldn’t work well with real hardwood flooring. They come in basic tongue and groove versions, which look like nailed-down boards, or they can come in floating or click versions that look close to the tightly lain laminate floorboards you’ve seen before.

Contact BAF Corporation at 317-253-0531 for superior commercial flooring services in Indianapolis, Indiana. We retain the latest technologies and resources to deliver professional installation for all commercial flooring types, including wood floors, vinyl floors, laminate floors, tile floors, stone flooring, concrete floors, floor coatings, carpeting, and much more.

What is White Box Commercial Real Estate Construction?

Posted on March 15, 2022 by bafcorp20

You know how realtors suggest removing or hiding all personal items from your residence before an open house? Some will even encourage home sellers to repaint in a more neutral color palate. Well, this real estate sales strategy is known as depersonalization, and it helps potential buyers visualize their own lives within the dwelling and ideally, feel motivated to make an offer. In the commercial real estate industry, such blank canvas benefits apply in a similar way. What’s referred to as white box real estate is a valuable tactic for filling up unoccupied commercial buildings and spaces with quality tenants.

As a commercial real estate developer or building owner in the same predicament, you would be wise to consider white box remodeling or construction. Continue reading to learn more about white box real estate construction, including which commercial remodeling company to trust for expert advice and craftsmanship.

White Box Commercial Construction Indianapolis 317-253-0531

White Box Construction Finish

White box construction finish is also called vanilla shell or vanilla box construction finish. This type of construction finish is just that: a blank, white canvas ready for a new tenant to take over. It is a space that has been remodeled or constructed in a way that has it prepped for complete tenant improvement remodeling. The average commercial white box finish would be up to code, plus have all utilities set up, electrical work done, ceilings finished, walls finished and ready for painting, and base floor ready for preferred flooring. White box remodeling or construction also incorporates design details that prepare it for a potential build-out.

Common Finished Elements of a Vanilla Box:

▢ Roofing
▢ Walls
▢ Ceilings
▢ Windows and Doors
▢ Concrete Flooring
▢ HVAC
▢ Hot Water
▢ Electrical Work
▢ Standard Lighting
▢ Bathrooms/Drinking Fountain
▢ Fire Protection Systems
▢ Stairs
▢ Elevator

Considerations for a White Box Remodeling Job

If you are leaning towards white box construction or remodeling for your commercial building, it is important to discuss all terms and conditions of the job with your commercial general contracting company before any work commences. The classification of vanilla shell construction can vary among commercial contracting companies, so it is important to confirm the job expectations in clear and unambiguous detail.

Turnkey Tenant Improvement Construction

A white box construction finish certainly provides an opportunity for turnkey tenant improvements. This streamlined approach allows commercial tenants to customize the interior of their space in a way that optimizes their business’s daily operations, staff productivity, client satisfaction, and overall success. The secret to a successful white box construction or tenant remodeling job is to choose the right Indiana commercial general contracting company.

Are you looking for a qualified commercial construction company to help you with your white box real estate or tenant improvement needs? Contact BAF Corporation at 317-253-0531 for licensed and insured tenant improvements and remodels in Indianapolis, Indiana. We serve commercial and industrial clients all throughout Central Indiana.

What to Consider When Choosing Interior Paint Colors

Posted on March 11, 2022 by bafcorp20

If you’ve been there before, you know that choosing an interior paint color for your business or income property can take an obscene amount of time. But it really doesn’t have to! By learning a few short-cut strategies for choosing the perfect paint colors, you can cut your selection process time in half. And with these helpful tips, you can also say good-bye to paint color “trial and error” from now on!

Continue below to learn which factors to consider when selecting interior paint colors, plus who to trust for superior commercial drywall and painting services in Central Indiana.

Commercial Painting Drywall Indianapolis Indiana 317-253-0531

Short-Cuts to Picking a Paint Color

Whether for your business, income property, or real estate development, you want to come back from the store with the perfect paint color selections that will deliver the look and feel you’ve envisioned for your space. But in order to do this efficiently, you will need to learn some useful shortcuts for selecting a paint color. Below are some tips for achieving this.

Consider the “Tone” of the Space

Start by considering the type of mood you envision for the space. If you are looking for a restful, serene ambience for lobbies, hallways, restrooms, meeting rooms, living rooms, or bedrooms, consider choosing softer tones like blues, grays, and taupe colors. But if you want a more vibrant feel for spaces like breakrooms, kitchens, or children’s’ playrooms, you might do well to consider brighter tones like yellows and reds. By defining the mood first, you instantly narrow down the selection of paint colors for the intended application. But be sure to also consider lighting when making your selection.

Find Details in Décor

Use the details you find in the surrounding décor to help you match a proper paint color. Perhaps you have a favorite painting or eye-catching bookcase, or maybe an area rug or awards collection? Use these favored items or focal points to help you decide on a palette for the room.

Match Your Furniture

If your interior space is already furnished, use the color schemes and textures of your furniture to help you find the right paint color for the walls and trim. However, if your space is not yet furnished, the best tips for choosing a paint color is to hold off! Wait until you have chosen your furnishing so that you can use them to narrow down your paint selections.

Test Your Color

Always test your paint color once you have chosen it. Take a small test sample with you and test it on a small corner or area of your space. Allow it to dry completely to achieve its true color, and then see how it looks with the surroundings. Generally, home improvement stores sell samples for a few dollars, while others might offer it for free.

Trust a Professional

Especially for commercial offices, landlords, and real estate developments, trusting a professional commercial drywall and painting company is the safest way to achieve the best possible outcome in terms of color schemes, finishes, and craftsmanship. The appeal and interior ambience of your business, regardless of industry, plays a large role in your overall success. Take the time to choose your interior and exterior paint colors with the help if a licensed and insured commercial contractor in Indiana.

Are you ready to spruce up your commercial property for the spring season with a drywall renovation and fresh paint job? Contact BAF Corporation at 317-253-0531 for commercial drywall and painting in Indianapolis, Indiana. We work with clients all throughout the state.

Today is International Women’s Day!

Posted on March 8, 2022 by bafcorp20

Today, March 8^th, marks the annual International Women’s Day! And here at BAF Corporation, we are proud and honored to celebrate this important and highly anticipated day with all women around the world!

Let us commemorate International Women’s Day together by learning more about its meaning and how you can show your support this year and every year ahead!

BAF Corporation Construction Company Indiana — #BreaktheBias – Women’s International Day 2022

The Significance of International Women’s Day

International Women’s Day is a global holiday that is celebrated every year on March 8^th all across the world. This day is held in reserve to commemorate and observe the cultural, political, and socioeconomic accomplishments and triumphs of women. This special day memorializes and honors women of all ages, religions, ethnicities, and nationalities!

Throughout history, International Women’s Day founders and advocates successfully applied their resolutions by organizing rallies and events in support of women’s voting rights, gender discrimination, glass ceilings, stereotyping, inequality, and more. Today, the International Women’s Day organization is continuing to make moves in the direction of women empowerment.

International Women’s Day 2022

Last year’s International Women’s Day theme was #ChooseToChallenge, which was meant to inspire society to challenge gender stereotypes and biases against women in the work field, at school, and in the home. This year, the International Women’s Day campaign takes it a step further with the theme, #BreaktheBias, which speaks to the ongoing biases against women, both intentional and unintentional, that influence and propel gender inequalities. The official website for International Women’s Day is transparent with their message behind this year’s #BreaktheBias campaign, stating, “Knowing that bias exists isn’t enough, action is needed to level the playing field.”

How to Show Your Support on International Women’s Day 2022

Would you like to share in the honor and show your support of International Women’s Day this year? Join in with everyone in support of International Women’s Day by posting a selfie to social media posing with your arms crossed like an X (see photo above) and with the hashtags #BreaktheBias and #IWD2022!

BAF is a Certified Minority and Women’s Business Enterprise (WBE)

In addition to being avid supporters of International Women’s Day, BAF Corporation is proud to be a woman-owned business. In fact, we are a Certified Minority and Women’s Minority Business Enterprise (WBE) Company with the City of Indianapolis. This is an impactful and important aspect of our business because we believe in equality and fairness for every employee in any industry.

Would you like to learn more about us? We are happy to share! Contact BAF Corporation at 317-253-0531 to speak with a licensed and insured commercial general contracting representative in Indianapolis. We serve clients all throughout the state of Indiana.

Indianapolis Commercial General Contracting and Design Build Services — Contact Us Today 317-253-0531

How to Decide if You Can Afford to Remodel Your Business

Posted on March 4, 2022 by bafcorp20

When it comes time to seriously consider a commercial remodeling project, the key and communal question is, “can I afford a remodel right now?” If you are asking yourself whether or not you can fit a remodel into your current budget, you are not alone. For this reason, it is helpful for you to become more familiar on all that is required of you financially for your particular business remodeling goals. This will help you develop a rudimentary cost estimation, which will tell you if you can afford to remodel or not.

Continue reading to learn some considerations for achieving accurate cost foreseeability and budget analysis for a desired commercial business remodeling.

Business Remodeling Indianapolis Indiana 317-253-0531

Fitting a Remodel into Your Company’s Budget

Financing

When you are sweating the upfront investment of a commercial office or business remodel, don’t. Many commercial contracting companies are willing to offer flexible financing packages and incentives that help business owners fit a remodel into the budget and ultimately, add value to their property. Whether interior or exterior, commercial construction financing can be the answer to your business remodel or renovation concerns. Take note that some commercial general contractors do not offer financing options. But there are still other types of financing options that may be available to you.

Loans and Refinancing

Banks are eager to help business owners succeed. Many will agree to provide a business equity loan for commercial remodeling purposes, especially if your business already has good credit and credit history. And don’t forget about property owner equity lines of credit, business equity loans, second mortgages, and even commercial contractor loans.

Talk to your banker to learn which, if any, loan options you qualify for, or your options for refinancing your business’s credit agreement. They will be able to examine your financial portfolio and make full-informed recommendations with your best interests in mind. You may even want to consider a separate company for a business equity loan or lines of credit.

Tenant Improvement Allowances

Tenant remodels and leasehold improvements are much different from conventional commercial construction projects since they are intended to be an investment for a business owner. Tenant improvement (TI) allowances are sums of money made available to tenants by the landlord to cover some of the cost of needed remodeling work. Such allowances are usually stated on a per-square-foot basis, and most common for new spaces since more renovations are needed to finish the project. Check with your commercial management company or landlord to see if you have TI benefits.

Seek Out Professional Advice From a Commercial General Contractor

Talk to an experienced commercial construction company in Indiana to determine how to plan and organize your remodeling budget. An Indianapolis commercial general contracting team will be able to help you find affordable alternatives and cost-cutting advice that will get you the upgrade your business needs!

Are you looking for superior commercial remodeling in Indy, but you are not sure where to begin? Contact BAF Corporation at 317-253-0531 for superior commercial general contracting services in Indianapolis, Indiana. We work with clients all throughout the state.

Top 3 Financial Benefits of Commercial Space Planning

Posted on March 2, 2022 by bafcorp20

The real secret to being successful in business is having a well-thought-out plan. Commercial space planning and design are two essential business development strategies that can set your company up for long-term economic success. Continue reading to learn the top three financial benefits of choosing commercial space planning and design services, plus which commercial general contracting company in Central Indiana can help you achieve this level of success.

Commercial Space Planning and Design Indiana 317-253-0531

Fiscal Advantages of Commercial Space Planning and Design

When it comes to supporting a sustainably exponential bottom line, in-put versus out-put can play a large role in how successful you are at your initiative. You want to do everything you can to cut waste, increase energy efficiency, improve functionality, forestall expansion, and support worker productivity. The more you put in, the more you will get out of it, in terms of increasing profits. Commercial space planning and design can help you meet all of these business objectives and more.

How Can Commercial Space Planning Make You More Money?

When it comes to the link between profitability and commercial space planning services, there are three key advantages that tend to always present themselves: improved efficiency, increased worker productivity, and potential for growth. These three advantages to commercial space planning and design can help your business make more money straight from the get-go.

Efficiency

Commercial space planning and design can improve the overall efficiency of your company, in terms of both energy consumption and the efficacy of your daily operations. For starters, commercial space planning can create a layout that is conducive with optimal performance and functionality in terms of whatever your daily operations are. By increasing the efficacy of your staff, you can do more business and waste less resources and time, all of which puts more money back into your company’s assets.

Additionally, commercial space planning can reduce your energy consumption by incorporating energy-efficient systems and appliances, which can save you a lot of money, annually. Commercial space planning can also help create a system that reduces your overall waste, which can also save you money.

Worker Productivity

Commercial space planning and design allows time to create a well-thought out idea for your overall office or building design. In turn, a well-planned workspace makes staff more comfortable and therefore, happier. Employee contentment is proven to help increase worker productivity, which ultimately contributes to the growth of your bottom line. Speaking of growth, this is the next big advantage to choosing commercial space planning and design services in Indiana.

Growth

A well-planned commercial space or building sets your company up for streamlined growth potential. By thinking about expansion ahead of time, you can be more efficient with your capital and overall budget. Commercial space planning and design will incorporate this potential, either through strategic remodeling, economic foreseeability analysis, or similar industry methodologies.

Are you looking for a trusted commercial general contractor company to transform your business into a money-maker through strategic planning and design? Contact BAF Corporation at 317-253-0531 for focused commercial space planning and permitting in Indianapolis, Indiana and its surrounding counties.