Is it Better to Lease or Own a Commercial Building?

Posted on June 10, 2022 by bafcorp20

Are you looking for a new commercial space for your business? If so, you will soon be making the decision between buying or leasing. What are the pros and cons of renting a commercial space versus owning? Does owning come with certain inherit risks? Will renting come back as an economic disadvantage down the road?

Continue below to review some important considerations that will help you decide between buying and leasing commercial real estate.

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To Buy or to Rent Commercial Real Estate?

Well, that is the question; isn’t it? Whether you are looking for commercial real estate for a small office, multi-divisional headquarter, retail storefront, café, factory, or distribution facility, your decision to buy or lease will rely heavily on your capacity to take fiscal risks. Here are some of the top considerations to keep in mind when weighing the pros and cons of each option:

Buying a Commercial Space

There are plenty of upsides to owning your own commercial space. Not only will your asset appreciate over time and build you equity, but it will also give you full control over the property itself. In many industries, this level of executive decision-making is essential. With full control, you don’t need permission from a landlord or property management company to do any type of renovation or build-out to your commercial space. On the other hand, you’ll still be subjected to local zoning, permitting, and building codes. Not to worry, this is something your Indianapolis commercial general contractor can take care of for you.

Another prime advantage to owning your own commercial spaces being your own landlord. Not only does this give you more flexibility over rent rate adjustments (as opposed to going through landlord), but it also gives you the opportunity to generate additional income by renting excess commercial space to other tenants. Of course, with owning any type of property, you are typically eligible for certain tax credits and tax breaks, such as interest paid, business expenses (including startup costs), and depreciation of value.

Lastly, owning your own commercial space will provide you with the benefit of an investment safety net. If anything were to happen to your business, such as bankruptcy or closure, you would still have your commercial asset to fall back on. You could choose to sell the property or continue renting it to another tenant or tenants.

Potential Downfalls to Owning:

A large down payment is required to procure a commercial property, typically between 10% and 40% of the property’s full market value. Along with a substantial down payment, you’ll also be subjected to additional financing fees and expenses.

If you have difficulty qualifying for financing, you will be subjected to using unconventional lending sources, which can result in cost-prohibitive interest rates. Furthermore, commercial real estate loans can come with terms and conditions that are with prepayment penalties, including defeasance and yield maintenance.

In terms of investment, commercial real estate procurement always comes with the inherent risk of depreciation rather than appreciation. It is very possible for a commercial property to lose value rather than gain it over time. When it comes time to sell, you could lose money.

Being your own commercial a commercial property owner automatically subjects you to a legal duty of care. Under premises liability law, you will be responsible for any damages and losses incurred by a victim of a wrongful accident that takes place in your property.

Then there’s always the risk of outgrowing your commercial space. If this were to happen, you could hire a commercial general contracting company in Indiana to remodel or build-out your current property. But in some cases, business owners are forced to sell and relocate, which can be inhibiting to business operations, and not to mention, very expensive.

Renting a Commercial Space

Now, let’s take a closer look at the pros and cons of leasing a commercial space. First and foremost, leasing a commercial space is safe much faster process than procurement. This allows you to get your business operations up and running sooner, which in turn starts generating income faster. It is also a lot easier and faster to get approved for a lease than it is for a loan.

Another notable advantage of leasing commercial property is the upfront affordability. Rentals do not require a substantial down payment other than a first month and last month deposit. A rental deposit compared to a down payment is much lower, giving you more capital for starting your business.

As we continue down the list of all the pros to renting a commercial space, you will see a pattern of cost-savings. Renting versus owning will save you a lot of money in terms of maintenance and upkeep. You will not have to hire an in-house custodial service, nor outsource for landscaping, street sweeping, parking lot repairs, and seasonal maintenance work. All of these facility maintenance needs will be incorporated into the total cost of the lease and provided by the landlord.

Leasing also entitles you to certain tax breaks and tax credits. Not only can you deduct your full lease payments, but you might also be able to deduct insurance costs and property taxes.

Potential Downfalls to Leasing:

In some cases of leasing a commercial space, you will pay more in monthly rent than you would in a monthly mortgage payment plan. And since your rental payments are not going toward the goal of outright owning the property at some point, these payments can be viewed as wasteful. Unless you are in a lease-to-own agreement, you will not build equity with your rental payments.

Under a commercial lease, you are not permitted to rent out excess space to tenants. This means you will not have the opportunity to generate secondary income. This is just one way you are under the control of the landlord or property manager. Which comes to our last notable downfall to leasing, you have very limited control over what you can do with and within the property.

Are you looking for a trusted commercial general contracting company who can turn your new commercial space into exactly what your business needs? Contact BAF Corporation at 317-253-0531 for professional commercial construction management and space planning in Indianapolis, Indiana.

Tips for Negotiating a Tenant Improvement Allowance

Posted on May 24, 2022 by bafcorp20

Negotiating a tenant improvement allowance takes some finesse. It is more than just numbers based on rentable square footage. If you are preparing for a tenant improvement allowance negotiation, there are some behind-the-scenes facts you should explore in order to get a fair and deserving TI allowance for your commercial build-to-suit renovation or business remodel.

Continue reading to learn some important tips for negotiating a tenant improvement allowance, including where to get trusted TI commercial renovation in Central Indiana.

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The Small Details Matter in a TI Agreement

In many cases, it is the smallest details that matter the most in a tenant allowance agreement. Landlords are seasoned when it comes to these kinds of negotiations, so it is important to prepare yourself with the right knowledge; knowledge that protects your right to a fair and honest tenant improvement allowance deal. Look further than just square footage and rent data. Instead, equip yourself with facts about the real economics of the transaction.

Beware of Turnkey Agreements

Most tenants will look at a turnkey tenant improvement agreement as a great deal. But you should not be easily fooled by these offerings. Flat tenant improvement amounts that include a turnkey clause are always in favor of the landlord or property management company. They typically offer these kinds of flat tenant improvement allowances to save themselves money. This is another element of tenant improvement allowance negotiations you need to be aware of: construction control.

Control Over the Construction

Often times, landlords or property management companies aim to claim control over certain elements of the tenant improvement construction. By adding this privilege into their TI agreement, landlords can appointment themselves as construction manager and hire their own builders and contractors. This forces you to relinquish control over the quality of materials used, the competency of the labor, potential labor markups, and more. In the end, tenants are given allowances that do not meet their expectations.

Measure Correctly

Although numbers are the only thing relevant in a tenant improvement allowance negotiation, they are critical to the process, nonetheless. The numbers you want to focus on during the process is the size and square footage of your rentable space. Not only do these numbers have a significant impact on your tenant improvement amount, but also on your rent. Do not fall victim to having your space incorrectly assessed and measured. In some cases, commercial spaces are measured to have more common space than they actually have, which gives a tenant more TI allowance, but causes them to pay more in rent.

Landlord Ulterior Motives

You’ve likely heard the classic economist’s rule, “there ain’t no such thing as a free lunch.” As for negotiating a tenant improvement allowance with a potential or future landlord, keep this old adage in mind. The landlord only cares about their bottom line, so everything they offer in a tenant improvement agreement is likely being balanced out somewhere else in their books. Common landlord tactics for this include higher rent, aggressive rent increase schedule, and stricter lease conditions.

Would you like some help getting the best deal for your tenant improvement allowance in Indiana? Choose BAF Corporation as your one-stop-shop for commercial space planning and tenant improvement construction in Indianapolis, Indiana.

Top Renovations That Will Increase Rental Property Revenues

Posted on April 19, 2022 by bafcorp20

Whether you are a real estate owner of a single family home or a massive, multi-unit housing complex, these top home remodeling renovations will have the most impact on your overall return on investment (ROI) by exponentially increasing your rental income.

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Remodeling Tips to Boost Rental Revenue Per Tenant

Painting and Drywall

A fresh coat of paint is the easiest and most instantly gratifying method of increasing your rental income. New paint makes a property look fresh, and even cleaner. Furthermore, it can displace leftover smells from prior tenants, if any. In addition to a fresh paint job, be sure you are also addressing drywall damages. Dents, depressions, nicks, holes, and cracked joints should be repaired to add more value to your paint job.

Flooring

One of the first things potential renters see is the flooring. Whether carpet, laminate, tile, or hardwood, floors are an important element for them. So, start your renovations with professional carpet cleaning or replacement, or with full-on flooring replacement. Floor cleaning and flooring replacement are two key renovations that can instantly make your rental property worth more.

Pending Repairs

Your next point of interest is to repair anything that is broken. Whether it just came to light a few days ago or has been lurking around your To-Do list for years, making important repairs to your property is an effective and proven method of adding more value to your renters. Thus, you can increase the rent based on your property’s amenities and overall value. From indoor and exterior lighting to bollard posts, driveways, appliances, drywall, and more, fixing what’s broken is a good starting point for increasing rental income.

Kitchens and Bathrooms

Although flooring is one the main elements of a property that a potential tenant will focus on initially, their next priorities are usually the bathrooms and the kitchen. Focus on these areas when planning your renovation budget so that you can earn the most return on investment for your rental properties. Consider minor and major remodels, from painting cabinets and replacing hardware, to installing new fixtures, converting tubs into spacious showers, buying new kitchen appliances, and similar changes. Simply talk to a licensed commercial general contractor to learn how to constructively consider a residential kitchen remodel or easy ways to remodel a master bath.

Basement Conversions

If you have an unfinished basement in your rental property, you have a gold mine of opportunities to increase your rental income. By remodeling a basement, you are instantly and drastically raising the true market value of your rental property. You will get more money per month, plus be able to resell it for a higher price when the time comes! Attics and other areas work well for this type of space conversion ROI.

Are you looking for a trusted commercial general contracting company who can deliver outstanding results for your business remodeling or real estate development project in Indiana? Contact BAF Corporation at 317-253-0531 for reputable commercial construction remodeling in Indianapolis and its surrounding counties.

Commercial Remodeling Options for Concrete Pool Decks

Posted on April 15, 2022 by bafcorp20

If you are the proprietor of a spa, fitness center, school, recreational/sports facility, rehabilitation clinic, hotel, apartment complex, or an entire residential real estate development, you likely have a swimming pool or hot tub on premises. If so, it is important that seasonal pool maintenance remains a top priority on your company’s Spring To-Do list. In fact, concrete pool deck upkeep is an imperative part of protecting your bottom line. Not only can a damaged or defective concrete pool deck pose several hazards and liabilities, but it can also negatively impact your company’s, reputation, and ultimately your profits.

Continue reading to learn what you can do to economically remodel a damaged or outdated concrete pool deck, plus who to trust in Central Indiana for superior commercial general contracting service.

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Commercial Pool Deck Remodeling

Concrete pool decks are a wonderful option because they provide both beauty and function. Choosing a cooler, lighter colored pool deck is a wise choice for sensitive feet in the hot sun, while opting for a textured stamped pool deck can provide added traction and reduce slipping accidents. Not only do concrete pool decks offer safety and performance, but they also offer an unparalleled level of beauty with the vast array of custom styles available. Furthermore, they are inexpensive, easy to install, long-lasting, and low maintenance!

Nonetheless, concrete will begin to show signs of wear and tear, and thus, require a certain degree of maintenance or repair. Fortunately, there are some economical ways to renew the look of the concrete pool deck.

Concrete Resurfacing

Damages like cracking, spalling, and scaling can be remedied with commercial pool deck resurfacing. This type of concrete resurfacing project can be accomplished with a concrete overlay or micro-topping, depending on the size and existing condition. This is a lucrative option since it effectively covers blemishes and provides a fresh surface to paint, color, or texturize.

Concrete Etching

Concrete etching is a custom service that can both restore and enhance the look of a concrete pool deck. It is a suitable option for pool decks showing signs of discoloration, fading, and minor cracking. By engraving a pattern into the concrete pool deck, cracks and blemishes can be intentionally disguised. The process starts with concrete coloring, and then finishes using a special routing machine that cuts faux grout lines.

Concrete Recoloring

To cover ghastly blemishes, like stains, fading, and discoloration, concrete recoloring is the perfect method. Simply applying fresh color to a commercial concrete pool deck will enhance the appearance and cover unsightly imperfections. This service can be achieved using concrete stains, color hardeners, integral pigments, and other coloring methods.

Are you ready to get your commercial concrete pool deck in order before the rush of the season starts back up again? Contact BAF Corporation at 317-253-0531 for licensed and certified commercial general contractor services in Indianapolis Indiana. We serve clients all throughout the state.

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.

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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 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.

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.

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A Comparison of Popular Commercial Flooring Options

Posted on February 25, 2022 by bafcorp20

If you are on the market for new commercial flooring, you will find that there are many materials to choose from, all ranging in quality, dimensions, color, styles, textures, and more. Of all the options out there, decorative concrete seems to remain a top choice among business owners and commercial real estate developers. Although you have several other options to choose from, there are many reasons to consider decorative commercial concrete; especially if you are looking for a cost-effective and modern upgrade to your business, building, or development.

Continue reading to learn more about the benefits of decorative commercial concrete, plus how other popular commercial flooring options compare in terms of quality, integrity, and price.

Commercial Flooring Indianapolis Indiana 317-253-0531

The Benefits of Commercial Concrete Floors

Not only is decorative concrete flooring inexpensive and easy to install, but it can also be customized to mimic any style, texture, color, or look. Decorative commercial concrete flooring can be stamped, stained, colored, died, treated, scored, polished, and so much more. This means that it can be designed to mimic higher in materials like tile, marble, cobblestone, brick, and slate, but cost less.

The options are virtually endless, and only limited by your own imagination and creativity. To learn more about the various benefits of decorative concrete flooring, talk to a local Indianapolis commercial flooring contractor who specializes in commercial construction and remodel work.

Popular Alternatives and How They Compare

Tile – Tile is expensive, and the options of styles and colors are limited. Also, tile requires a stricter care regiment in order to protect the grout lines and prevent cracking. If you are looking for high maintenance and high prices, tile flooring is right for you.

Brick – Sure, brick is beautiful. In fact, it’s quite stunning; however, brick is incredibly high maintenance and prone to a long list of damages. This makes it a poor fit for an interior flooring option.

Natural Stone – Cobblestone and other types of natural stone materials commonly used for flooring are high maintenance and high-priced. They are more prone to cracking and crumbling and require strict care regimen in order to maintain clean grout lines.

Linoleum/Vinyl – Linoleum and vinyl flooring are common options for both residential and commercial properties because they are inexpensive and low maintenance. On the other hand, linoleum and vinyl are often viewed as outdated, so many potential buyers are turned off by such flooring. This isn’t good for anyone who wishes to sell their property in the future.

Carpet – Carpeting is highly susceptible to several types of damages, especially staining and foot traffic. It is also more of a challenge to clean and keep clean. Carpets also retain dander and dust and other types of allergens, which can be irritating to those who suffer from upper respiratory illnesses and implications.

Wood – Not only is wood expensive in its natural state, but it is also a challenge to maintain. Wood is a natural element, therefore it susceptible to scratches, scrapes, and discoloration, so often times, it needs restoration after a few years.

Would you like to upgrade or restore the appeal of your business or building with new commercial flooring? Contact BAF Corporation at 317-253-0531 for qualified commercial flooring renovations in Indianapolis, Indiana. We serve clients all throughout the state. Request information or schedule a bid, today.

How to Lease the Right Office Space

Posted on February 22, 2022 by bafcorp20

Whether you are planning to move your business or open a new location, choosing the right office lease will help set you and your staff up for success. Continue below for some helpful tips on how to lease the right office space that meets your needs, including your budget and overall business objectives.

Commercial Office Space Planning Indianapolis Indiana 317-253-0531

Top Considerations for Leasing New Office Space

When you think about moving or opening a new office space, you want to set your focus on how your staff will feel and function. You also want to set this focus on your clients if your business serves customers on-site. Employee contentment and morale plays an important role in their overall productivity. Higher staff productivity improves your business’s bottom line.

Aside from making your staff comfortable, you want to also set them up with the proper design and resources that allow them to perform their duties to the best of their ability, and with optimal efficiency. These too can help improve your bottom line. You will want to think about your office’s size and square-footage, as well as its design, location, amenities, accessibility, budgets, and more.

For these reasons and more, it is vital to choose the right office lease and space that can adequately meet the current and future needs of your business. Here are some tips on how to narrow your office space lease options down to the ones that best fit your business objectives:

Consult With Managers and Team Members

You are not the only voice that matters when it comes to moving office locations. To ensure you find the office lease that best fits your business’s needs, you should solicit input from your managers and staff members. They may have a unique viewpoint on the office’s needs or offer suggestions on how to improve their productivity. Ask them to list their concerns and priorities, then review each list with them to open a discussion.

Take a Staff Survey

Implementing a staff survey is a great way to identify office priorities and areas of improvement. You can choose to conduct this assessment online via email, in person, anonymously, or as a requirement. Ask your staff and management teams how they commute to work, what they like most about the office, what they like least, what they think can be improved, if their workstation is comfortable, and so forth.

You can also ask them if they would run errands or visit other types of businesses on their lunch hour, before work, or after work, like fitness studios, grocery stores, and restaurants. This information can give you an idea of where to look for potential office space. For instance, you might look for office space with an open floor plan and more natural lighting, or near an easy highway exit or popular shopping center.

Think About the Present and the Future

As mentioned, you will want to consider the current needs of your business, as well as the future expected and unanticipated needs. This includes your budget, procurement, staffing, resources, facility maintenance, expansion, and more. These elements can be easily planned and organized with the help of a licensed space planning contractor in Indiana. For instance, you want to choose an office space that can accommodate your current load of business, as well as more business in the years to come. If you are thinking about expanding your operation, you will want to make sure the space you choose is compatible with conversion or remodeling work.

Be Patient

It is important to be patient and take your time during the office space search process. Not only do you want to look at as many spaces as you can, but you will also need to make multiple office lease offers. Ultimately, you want landlords to compete over your business. Talk to the landlords and interview them about their lease agreements, plus introduce yourself to potential neighbors who might give you some insight on the area or building. Do not be afraid to bring your commercial general contractor with you to look at potential office space if you know you will need to implement some degree of remodeling or construction. They can help you identify good and bad locations.

Are you looking for new commercial office space in Indiana? Contact BAF Corporation at 317-253-0531 for superior space planning and permitting in Indianapolis, Indiana. We are experts in office and commercial use construction, as well as tenant improvement remodeling and facility maintenance. We serve commercial and industrial clients all throughout the state.