Primary Elements of Commercial ADA Bathroom Compliance

Posted on January 11, 2021 by bafcorp20

Disabled and handicapped citizens are fortunate to have the Americans with Disabilities Act on their side. As they so rightfully and irrefutably deserve, this important piece of legislation protects the rights of immobilized and incapacitated individuals by prohibiting discrimination against their disabilities, and ensuring their equal access and opportunity in the world around them.

A large part of the Americans with Disabilities Act is ADA compliancy, which mandates specific building code standards and regulations for accessibility. Commercial business owners might think they understand ADA compliancy, but there is one area that is often unclear, and that is the bathroom. Commercial bathrooms must be ADA compliant at all times.

Continue reading to learn the primary elements of commercial ADA bathroom compliancy, and where to get a trusted commercial construction consultation for ADA compliancy renovations in Indiana.

Indianapolis Indiana ADA Compliant Renovations 317-253-0531

Common Features of an ADA Compliant Restroom

ADA Compliant Doors

Disabled individuals need to be able to easily access a bathroom in a commercial building, first and foremost. This starts with ADA compliant doorways. Doors should be wide enough to allow wheelchair entry, which according to the ADA is at least 32 inches. Additionally, they must open up at least 90 degrees, have handles that can be grasped with just one hand; so, no doorknobs. They should also only require little effort to open and close. Fortunately, commercial door repair and replacement can be completed in as little as one day.

ADA Compliant Grab Bars

A commercial bathroom cannot be ADA compliant with adequate and sufficient grab bars. Not only are bathroom grab bars essential for balance and leverage, but they are also important for preventing slipping accidents and injuries. They should be sturdy enough to withstand up to 250 pounds of weight, have easy-to-grip surface area dimensions of at least 1¼ inches, and be installed at least 33 to 36 inches above the floor, and at least 1½ inches from the wall. Such bars should always be installed in the handicap stall of the bathroom, 26 inches on the rear wall, and 42 inches on the side wall of the stall.

ADA Compliant Toilets

Commercial bathrooms must be equipped with toilets that are easy for disabled persons to use, according to ADA compliancy requirements. Not only should they be fitted with easy flushing valves that do not require a lot of force or twisting of the hand to push, but they should also be fitted with toilet seats no higher than 17 to 19 inches from the floor.

ADA Compliant Sinks and Faucets

In order for a commercial bathroom to be fully-compliant with ADA standards, its sinks and fixtures must meet certain criteria. A sink should not be mounted above the floor more than 34 inches, while knee clearance is also required, with under-the-sink space at 30 inches wide, 27 inches high, and between 11 and 25 inches in depth.

ADA Compliant Design

As a whole, a commercial bathroom must meet ADA compliancy requirements by ensuring its design allows for easy maneuvering and movement, as well as accessible mobility tools, like grab bars. Single stall restrooms require a circle of at least 60 inches around the side wall and 56 inches from the rear wall, which will allow a wheelchair to make an entire 360-degree turn. Multi-stall bathrooms require at least one handicap stall, and enough space to move.

Where to Get ADA Compliant Bathroom Renovations in Indiana

Contact BAF Corporation at 317-253-0531 for professional ADA compliant commercial bathroom renovations in Indianapolis, Indiana and its surrounding locations. Our skilled and experienced commercial general contractors deliver a streamlined construction process that meets all defined ADA compliancy specifications, as well as engineering, procurement, schedules, and budgets for your commercial office space or business. Contact us today to request free information about Indiana commercial bathroom remodeling, or to schedule a consultation.

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

How to Tell if Your Space is Ready for a Commercial Remodel

Posted on December 28, 2020 by bafcorp20

Like all important assets and investments, your commercial space requires routine care and upkeep. Part of this strategy is the duty to occasionally renovate or remodel. Remodeling is vital for the ongoing success and growth of any company or business, regardless of industry. Not only is it important to keep up with the changing times and evolving technologies, but it is also important to maintain a safe and functional environment that serves to support your overall business objectives. But how do you know your business or building needs a commercial remodel? The signs are all around you. You only need to look in the right directions.

Continue reading to learn the top tell-tale signs that your building, office, or facility needs commercial remodeling.

Indianapolis Commercial Remodeling 317-253-0531

Does Your Office or Building Need a Remodel?

Take a look around your office or commercial building. Take in the details of your furnishings, layout, features, lighting, and overall ambience. This is how you will begin the process of determining whether or not you need commercial remodeling. You will be able to tell if you need to remodel or update if you can agree with one or more of the following statements:

► Your Space Looks Like it is From Another Era

Does your space look like you have stepped foot into another time period? If your commercial building or office space looks outdated, antiquated, or old-fashioned, it is a good sign that you are ready to get with the current times. A commercial remodel can bring your building back to the 21^st century by incorporating a wide range of innovative designs, technologies, facilities, and more.

► You Can Easily Spot Corrosion or Deterioration

If anything in your commercial business space or office is visibly declining in quality, you can feel confident that a commercial remodel is the right choice for your business’s future and overall success. Things like windows, doors, ADA ramps, stairwells, machinery, electrical work, plumbing, HVAC, security systems, and any type of automated systems are vital areas of your building that should be maintained and updated routinely.

If more than one such system shows signs of deterioration, a remodel is likely necessary. Other things like walls, ceilings, moldings, paint, appliances, electronics, office equipment, landscaping, and lighting are other important features to observe. If they too are showing signs of corrosion or decline, it could be an indication that your entire space could use some sprucing up.

► You are Running Out of Space for Your Stuff and Staff

If you take a look around, and you instantly feel like your space is cluttered, you could use some more space. A commercial remodel would take care of this need for you, while also meeting any other necessary business objectives. Space conversions and build-outs are common commercial remodeling options for offices and buildings that require more square footage for their inventory, staff, customers, and more.

► Your Staff and/or Customers Struggle With Efficiency

Do your employees struggle with certain challenges every day when it comes to performing their duties? What about your customers? Are they provided with all the standard conveniences that allow them to learn, review, and purchase your products and services to your financial advantage? If your staff or customers, or both, are experiencing challenges with efficiency and convenience, it may be time to change the layout and design of your commercial space.

Where to Get Professional Commercial Remodeling in Indianapolis

Contact BAF Corporation at 317-253-0531 for professional commercial construction services in Indianapolis and its surrounding locations. Our skilled and experienced commercial general contractors deliver a streamlined construction process that meets all defined engineering and design specifications, procurement, schedules, and budgets for your commercial office space or business. Contact us today to request free information or to schedule a consultation.

4 Reasons to Hire a Turnkey Commercial Construction Contractor

Posted on December 18, 2020 by bafcorp20

When you hire a commercial construction company, you expect them to be legitimate professionals who come equipped with a streamlined structure of execution that benefits the best interests of your budget and overall business objectives. However, not all commercial construction companies are turn-key in this way. In fact, it is important to do your due diligence and research the best Indiana commercial construction contracting teams in your region. When you are looking for organized and cost-efficient commercial construction services, choose a company that offers turnkey solutions.

Continue reading to learn 4 reasons why it is better to hire a turnkey commercial construction contractor for your upcoming remodel or new construction build.

Indiana Turnkey Commercial Construction 317-253-0531

What a Turnkey Commercial Construction Company Can Do For You

❶ Optimal Organization

There are many factors involved in planning and implementing a commercial construction project. That includes the inevitable and unanticipated setbacks that are not in anyone’s control. For this reason, one of the most important elements of a commercial construction project is organization. A turnkey commercial construction contractor has the resources and skills to streamline the entire process, which positively impacts schedule goals, cost efficiency, and liability.

❷ Simplified Communication

A turnkey commercial construction company has the ability to maintain clear and convenient lines of communication with both clients and subcontracting teams. This clear, streamlined communication delivers peace of mind to proprietors because they have but one, single source of contact that is always available. Not only does this turnkey system ensure cost-savings, it assigns liability, guarantees pricing, improves risk management, ensures performance-based quality control, reduces delivery times, and most importantly, enhances the overall quality of work.

❸ Quality Control

There is nothing more important than quality when it comes to building or remodeling a commercial property. When you have a turnkey commercial construction contractor managing your project, you can expect optimal quality control at all times. By combining their professional resources, communication practices, and coordination methodologies, a commercial construction general contractor can maintain maximum control on quality by overseeing all contractors, architects, designers, builders, vendors, and all other parties involved.

❹ Cost Efficiency

A turnkey commercial construction company will maximize your business’s utility, function, and overall operational efficiency, while also delivering superior results in craftsmanship and architecture. This approach to turnkey commercial building supports and enhances budget accuracy and future bottom line profitability. A streamlined commercial construction process saves you money and makes you money, all at once!

Turnkey Construction Contractors for Commercial Real Estate in Indiana

Contact BAF Corporation at 317-253-0531 for trusted commercial construction services in Indianapolis, Indiana and its surrounding locations. Our skilled and experienced commercial general contractor teams deliver a streamlined process that meets all defined engineering and design specifications, procurement, schedules, and budgets. We serve all corporate, commercial, and industrial industries in Indianapolis, Indiana and its surrounding districts. Call today to request free information or to schedule a consultation.

Safety and Security Considerations for Stalled Commercial Construction Projects

Posted on December 14, 2020 by bafcorp20

Not all business deals and developments wind up successful. Many others simply run into obstacles that set back the construction process for long periods of time, such as lack of funding or economic hardships. Whether you are preparing to stall a current commercial construction project due to unanticipated events, or have recently procured an REO (real estate owned) property and intend on picking up where the construction last stopped, you will need to consider a few important factors.

Continue reading to review some important safety and security considerations for a stalled commercial construction project, and where to get the most proficient commercial construction work in Central Indiana.

Indianapolis Indiana Commercial Construction 317-253-0531

A Construction Project Requires Proper Preservation

When a commercial construction project must be stalled, it is vital for the current proprietor and general contracting team takes the proper steps and precautions to ensure the site will be protected until it is ready to be completed. As a real estate procurer, it is equally important that the commercial construction site had been properly safeguarded. If a commercial construction site is not correctly contained and preserved, it will lead to increased costs, safety risks, and longer time delays. The better preserved, the easier it is for a new owner to pick up where the construction process last stopped. It also makes it safer and more efficient, both of which translate into cost savings and liability protection.

Key Elements of Proper Construction Site Preservation

► SAFETY

Safety is the most important factor when it comes to both securing and starting up a stalled commercial construction project. If certain precautions and standards are not upheld, people can get hurt, both while a distressed commercial asset is vacated, and when the construction process picks back up.

Safety Considerations to Take:

✔ The building should be entirely locked up with a quality lock and security system.

✔ Windows and doors within ground reach should be boarded up.

✔ Secure elevator shafts.

✔ Cover floor openings.

✔ Turn off and secure all live wiring and electrical panels.

✔ Notify the local police so they can mitigate criminal activity.

► COSTS

Costs are another important element to consider for commercial construction site safety and security. If you are stalled your construction, but plan on completing it at a later time, be sure you close up and shut down everything in a way that protects your budget. When you pick back up the construction, the better preserved the site was, the less money you have to spend on losses and damages. If you are planning to sell your site without completing the construction, all of these considerations are still important for your potential buyers.

Cost Considerations to Take:

✔ Shut off the main water supply.

✔ Shut off all power to the property with the exception of necessary lighting and refrigeration.

✔ Properly store and protect all construction materials.

✔ Fully secure the grounds to abate vandalism and burglaries.

► TIME

Time is another essential part of the commercial construction stall and rebound process. If you take the proper steps and precautions, a stalled or abandoned commercial construction site takes less time to recover. Buildings should be wrapped if they are not externally finished, while all interior elements, including materials, should be property stored and protected. Your commercial general contractor should be able to address and monitor all of these aspects and more.

Time Considerations to Take:

✔ Prevent erosion, corrosion, mold, and other forms of time-causing damage.

✔ Roofs should be secured in place.

✔ Prepare for the unexpected time delays.

Indianapolis Commercial General Contracting You Can Trust

Contact BAF Corporation at 317-253-0531 for trusted commercial construction services in Indianapolis, Indiana and its surrounding locations. Our skilled and experienced commercial general contractors serve all corporate, commercial, and industrial industries in Indianapolis, Indiana and its surrounding districts. Call today to request free information or to schedule a consultation.

What You Need to Know About Commercial Anti-Microbial Protection

Posted on December 11, 2020 by bafcorp20

As a commercial business or property owner, it is your responsibility to make sure that all premises are safe for guests, customers, employees, and visitors alike. One important aspect of building maintenance is antimicrobial protection on floors and surfaces. When this is not addressed, germs are spread, and people get sick.

Not only does this lead to more employee sick days, but it can cause a reduction in workplace productivity, increase health costs among employees, and put others in danger of contracting an illnesses or bacterial infection. Now more than ever, it is important for commercial proprietors to know some things about anti-microbial protection, and to take it seriously.

Continue reading to learn how to protect your consumers, guests, staff, and tenants from illness-causing microbes.

Indianapolis Commercial Building Renovations and Facility Maintenance 317-253-0531

What are Microbes and How are They Eliminated?

Microbes include germs, bacteria, fungi, viruses, algae, bugs, and other harmful microorganisms. There are several products and cleaning solutions on the market that claim to provide superior antimicrobial protection; and if they are telling the truth, their cleaning agents are capable of eliminating these microbes. One area of a property that needs the most protection against microbes is carpeting. Vacuuming and steam cleaning carpets is not enough to remove microorganisms and bacteria deep within its fibers. By applying an antimicrobial agent to carpets, you can further protect them from harmful microbes.

Where is Antimicrobial Protection Needed?

Fabric upholstery and textiles are other areas that can benefit from antimicrobial protection. Couches, chairs, ottomans, curtains, rugs, and more can all be susceptible to unsanitary conditions. Protecting and cleaning them is just as important as keeping all other areas of a property clean. Most antimicrobial cleaning agents contain a silver-based technology because silver has a natural quality that repels odors.

So, these cleaning solutions are usually silver-based in order to keep fabric clean, fresh, and odor-free. Other fabrics are built and manufactured with anti-microbial technology, so the upholstery is not an environment suitable for bacterial and fungal growth. These fabrics are often resistant to staining and discoloration as well. Anti-microbial upholstery and fabrics are a perfect choice for commercial businesses and properties.

Building Renovations That Can Boost Safety

Consider implementing renovations to your commercial property that incorporates specific modifications to lessen the transmission of germs and bacteria. The most innovative and popular options to consider are copper surfaces, hands-free phones, wireless ear sets, automatic doors, touch-free hand soap and towel dispensers, automatic hand sanitizer dispensers, ionized air conditioning technology, recycling shoots and compactors, and even solar energy applications. Talk to your commercial general contractor to learn the best touch-free design suggestions for commercial buildings and businesses for 2021.

Leaders in Indiana Facility Maintenance Commercial Contracting Services

Contact BAF Corporation at 317-253-0531 for economically-priced commercial construction facility maintenance services in Indianapolis, Indiana and its surrounding locations. Our skilled and experienced commercial general contractors serve all corporate, commercial, and industrial industries in Indianapolis, Indiana and its surrounding districts. Call today to request free information or to schedule a consultation.

Advice for Selecting a New Office Location

Posted on November 30, 2020 by bafcorp20

Although online “influencers” and millennial moguls might insist that all you need for a successful new office location is a space with a little character in a trendy neighborhood, there is much more to commercial real estate leasing than just that. Take it from the experts in commercial space planning and preconstruction who know exactly what it takes to find the perfect new commercial site that meets all current and future business objectives for owners.

Continue reading to learn some of this professional advice, and where to get customized commercial space planning assistance you can trust.

Indiana Commercial Space Planning and Preconstruction 317-253-0531

How to Select a New Commercial Location

Choosing a new commercial site is not as easy as picking out the best building in the biggest city in your state. In fact, the process is much more intimate than that, as there are several specific and personal variables that must be considered in order to make the best selection. Not only should you take into consideration your own business objectives and personal preferences, but you should also factor in your customers’ and employees’ needs. By balancing all of these difference variables, you can place yourself on a promising path toward finding the perfect fit for your new commercial location.

Factors to Consider for Commercial Site Location:

► Community Reputation. Is the neighborhood geared toward a specific industry? Are other businesses doing well? Or are there many businesses choosing to not renew their leases? Is the crime rate high? How is the accessibility in and out of the community? What are the average traffic conditions like? Is it close to other places you will be doing business or entertaining clients? Does it have many places for shopping, meeting, and dining?

► Employee Amenities. Is the new area easily accessible to your staff and/or clients? Are there nearby shopping centers, restaurants, and similar consumer amenities for them? You see, staffs tend to be more productive when they are happier. Being able to visit a restaurant or run errands on their lunch hour provides them with a level of convenience that makes them happy, which can be profitable for business owners.

► Wi-Fi Coverage. It is important to think about your office’s technology needs. How much wi-fi coverage does your new office need? Is there plenty of wireless coverage? Would you require a wireless booster for sufficient wi-fi coverage? Does the new area have adequate cell phone tower coverage?

► Accessibly. Does the location have highways, interstates, and exits that make it easily accessible to both staff and clients? What are the traffic conditions usually like? Is there adequate parking for employees and customers? Is there a fee for parking? Are there public transportation options? Is the city or government planning any upcoming road construction that would impact your business?

Once you have considered all of these factors, you can better narrow down a selection of listings with professional commercial space planning and permitting services. Talk to a local and trusted commercial construction company who specializes in helping business owners with real estate development. They can even help you understand the factors to consider before signing a commercial office lease, which is an entirely separate but equally important aspect of choosing a new commercial site location.

Commercial Space Planning and Preconstruction in Central Indiana

Contact BAF Corporation at 317-253-0531 for trusted commercial space planning and preconstruction services in Central Indiana and its surrounding locations. Our skilled and experienced commercial general contractors serve all corporate, commercial, and industrial industries in Indianapolis and all throughout the state. Call today to request free information or to schedule a consultation.

How to Prepare for Your Retail Store Remodel

Posted on November 24, 2020 by bafcorp20

Finalizing the decision to move forward with a commercial remodel for your retail store is just the first step of the entire commercial construction process. From there, you will need to sort out the logistics of it all. Fortunately, there is an organized formula you can follow to ensure your retail store renovation is a success.

Continue below to learn some tips on how you can do your part to prepare for your retail store remodel, and who to trust for commercial general contracting in Indiana.

Retail Franchise Construction in Central Indiana 317-253-0531

Retail Store Commercial Remodels

When you plan your retail store remodel, it is important to consider the impact it will have on your daily operations, as well as any active marketing campaigns or projects. Regardless of the size or scope of your retail store renovation, you can make the right moves to ensure it does not disrupt these important elements of your business. Here are some tips on how to achieve a streamlined, time-efficient, and well-budgeted retail store remodel:

⚈ Talk to Your Staff

Getting employee input can be a great advantage in terms of planning your retail store remodel. Due to their daily, hands-on experience, they might have profitable advice on things like storage, shelving, displays, and more. Integrate your ideas and visions with the input of your employees to optimize your project’s plan and overall success.

⚈ Use What You’ve Got

You don’t want your retail store commercial remodel to turn into an entire demolition and rebuild. Rather than reinventing the wheel, so to say, use the foundation you have already. This will save time and money, plus it will make it a lot easier to continue on with your usually routine facility maintenance program. Try to plan around things like ductwork, plumbing, and electrical work.

⚈ Plan Your Remodel With Reason

Planning a retail store remodel includes setting a budget and timeline. When doing so, be realistic. Understand ahead of time that construction projects can sometimes pose unanticipated setbacks and delays that no one could have controlled. Plan for unexpected costs and schedule delays by adding more to your budget and timeline.

⚈ Hire a Reputable Commercial General Contractor

All retail store remodels start with a skilled commercial construction design build team. Hire a reputable Indiana commercial general contractor to coordinate, manage, and implement your remodel from start to finish. Choosing the right commercial construction company for your retail store remodel is the key to meeting all defined engineering specifications, design plans, procurement, schedules, and budgets.

Where to Get Qualified Retail Franchise Construction in Central Indiana

Contact BAF Corporation at 317-253-0531 for trusted retail franchise construction in Central Indiana and its surrounding locations. Our skilled and experienced commercial general contractors deliver a streamlined construction process that meets all defined engineering and design specifications, procurement, schedules, and budgets for your commercial office space or business. Call today to request free information or to schedule a consultation.

Top Reasons to Pressure Wash Your Commercial Siding

Posted on November 10, 2020 by bafcorp20

As a commercial proprietor who needs to improve your building’s appearance, you should consider professional pressure washing services. Especially for buildings with vinyl and fiber cement siding, commercial power washing services can instantly upgrade the exterior of a property, which in turn can entice more customers, clients, or tenants. The need for a safe and visually appealing real estate is especially important for commercial properties like multi-unit residential complexes, fitness centers, hospitals, educational facilities, office buildings, strip malls, hotels, and more. You see, when a commercial property looks clean and free of hazards, clients will feel more inclined to do business, whether they are shopping at your store, doing business with your company, or leasing commercial space.

Continue reading to learn more about the benefits of commercial pressure washing, with a central focus on buildings with vinyl and fiber cement siding.

Indianapolis Building Renovations 317-253-0531

What Pressure Washing Does for Commercial Siding

Most types of commercial buildings are perfect candidates for pressure washing. The outside of a property’s building and complex can accumulate massive amounts of dirt and dust, overtime. This kind of accumulation can turn people away from wanting to visit or do business with an establishment, mostly due to safety and sanitation concerns. Power washing both all exterior surfaces and systems can eliminate this kind of buildup, and restore a building’s original color, luster, shine, and safety.

Although pressure washing is primarily implemented for vinyl and cement fiber siding, with careful thought and proper technique, power washing can also be beneficial for brick, natural wood, stone, tile, and other types of common commercial siding. As mentioned, it is also highly effective for cleaning windows, doors, pavements, roofing, and more.

There are various cases in which businesses or properties can greatly profit from professional commercial power washing services. Aside from service-oriented businesses like the ones mentioned above, there are many more commercial settings that could need a thorough exterior cleaning, such as post construction on a new home or building.

Commercial complexes and businesses that can benefit from power washing:

☑ Hotels
☑ Schools
☑ Strip Malls
☑ Office Buildings
☑ Gyms
☑ Movie Theaters
☑ Restaurants
☑ Shopping Centers
☑ Parking Garages
☑ Drive-Thru Lanes
☑ Warehouses
☑ Factories
☑ Apartment Complexes
☑ Condominiums
☑ New Construction Homes
☑ Barns
☑ Car Ports

Professional Commercial Building Renovations in Indianapolis, Indiana

Call BAF Corporation at 317-253-0531 for trusted commercial building renovations in Indianapolis, Indiana. Our skilled and experienced commercial general contracting teams deliver a streamlined process that meets all defined engineering and design specifications, procurement, schedules, and budgets. We serve all corporate, commercial, and industrial industries in Indianapolis, Indiana and its surrounding districts. Call today to request free information or to schedule a consultation.

4 Tips for Planning a Tenant Occupied Building Renovation

Posted on November 6, 2020 by bafcorp20

If you are thinking about having your commercial building renovated while maintaining tenant occupancy, your first step is already underway. Preparing ahead of time is a key strategy to implementing a successful commercial renovation while tenant-occupied. With a little knowledge and the right commercial construction contractors on your side, you can pull off any scale of remodel or renovation without jeopardizing your occupancy.

Continue reading to learn 4 particular factors to start your focus, as well as who to call for reputable commercial building renovations in Indiana.

Indianapolis Commercial Renovations 317-253-0531

4 Things You Can Do to Ensure a Successful Tenant-Occupied Renovation Project

☑ Develop a Plan

As mentioned, planning is a big part of commercial construction success. Get with an accomplished commercial general contractor who has experience with tenant-occupied building renovations, and begin to develop a preconstruction and design build plan.

☑ Foresee the Real-Time Impact

After developing a full plan for your commercial building renovation, really take the time to understand what the impact will look and feel like, for both you and your tenants. This can help you better prepare yourself and your tenants for what’s to come. You can tell them what to expect, when to except it, and what to do if they run into any problems.

☑ Stay in Communication

Along with preparing your tenants for a building renovation is good communication efforts. Staying in communication on a regular basis with your tenants is a great way to ensure a smooth construction process. Continually post or email reminders about certain construction days or any changes to the schedule, and make sure everyone knows how and who to communicate to when they have concerns.

☑ Implement Work in Phases

Working a project in phases is another key to facilitating a smooth and successful building renovation while tenant-occupied. Basically, your commercial construction team will decide the best scheduling strategy for certain parts of the renovation plans, and then schedule them in phases so that the entire building is not shut down or under construction at one time.

An Indiana Commercial Construction Company You Can Trust to Meet Your Renovation Specifications

Contact BAF Corporation at 317-253-0531 for superior commercial renovations in Indianapolis, Indiana. Our skilled and experienced commercial general contractors can help you decide which roofing option and course of action is best for your office or building. We serve all corporate, commercial, and industrial industries in Indianapolis, Indiana and its surrounding districts. Call today to request free information or to schedule a consultation.

3 Approaches to Estimating the Market Value of Your Commercial Property

Posted on October 23, 2020 by bafcorp20

When you are a commercial real estate owner who is considering the idea of selling your asset, your first though will be its value. How much is your commercial property worth on the current market? Well, there are various factors that influence the market value of a commercial building, so generally, a multivariate approach is ultimately relied on for an accurate assessment. But calculating a commercial property’s total worth doesn’t always need to be accomplished by applying more than one methodology; often times, one method works well over all others. The three common methods used to evaluate the market value of commercial real estate include the replacement cost method, the income method, and the market value method.

Continue reading to learn how each method works, and what you can do to increase your building’s value before listing it on the market.

Space Planning and Tenant Improvements 317-253-0531

How Commercial Real Estate Defines Value

The commercial real estate market does not shy away from directness when it defines value. Basically, value is characterized as being the most realistic and probable price that a commercial property could realistically gain in an open, active, and competitive real estate market, when the business deal is handled reasonably, intelligently, and with integrity, by both the purchaser and seller.

3 Common Methods of Estimating Value of a Commercial Building

► The Replacement Cost Method

The replacement cost method operates under the suggestion that an advised buyer should pay the same, or less than, the cost of a hypothetical replacement property that retains equal utility. Under this estimation principle, a buyer would create the data of an equivalent property that is utilized optimally for the purpose of financial gain. Certain adjustments can be made to the replacement cost formula to further exact the sum, such as depreciation, economic obsolescence, tax credits, and more. This method is often used when there are no comparable commercial properties on the market, nearby.

► The Market Value Method

Also known as the comparable approach, estimating the real value of a commercial property using the market value method is one of the most direct and accurate ways it is done in the real estate world. This principle is applied by identifying similar listings in the commercial real estate market that are equivalent to the property under evaluation. A full analysis is done equating the similar sites to the one in question, and the data derived would be used to make a final determination of comparable value.

It is common to incorporate certain variables into the market value formula to make adjustments for comparable value, such as a property’s age, condition, future expected costs and gains, tax policies, land-to-building ratios, depreciation, and similar real life factors that impact the sale. Basically, the total price a commercial buyer is willing to pay for a property equivalent to the one being assessed is the real market value of that property.

► The Income Method

The income method is another common approach to assessing the market value of a commercial property. Using this method, a property would be valued by identifying its current value, and to what amount that current value will benefit the proprietor in the future in terms of income. Net operating income is considered future benefits in the commercial real estate market, and that factor is what ultimately determines the total value of a commercial property when using this method. Under this principle, an informed buyer should expect that the commercial property will generate its current operating income for the foreseeable future. This method of market value analysis is typically applied for properties that generate income, such as hotels.

Commercial Space Planning and Remodeling Can Increase Your Property’s Value

A commercial space planning contracting team knows how to plan and design your business from the ground up in a way that will promote ongoing future success and profitability. By combining all benefits of commercial space planning service, you ultimately achieve more successful and steadfast business growth.

Tenant Improvements for Existing Commercial Spaces

For spaces that are already built and designed, tenant improvement work can come in the form of build-outs or renovations. Most businesses looking to lease a new space will opt for prebuilt options. In this case, the existing design might not work for them, which is where TI work comes into play. Before a tenant takes over the lease on an existing space, renovations can be made to customize the property to meet the exact needs of the business.

Moving Business Locations in Indiana?

Trust Our Commercial Space Planning Contractors to Maximize Your Savings and Earnings

Contact BAF Corporation at 317-253-0531 for trusted commercial space planning and permitting in Indianapolis, Indiana and its surrounding locations. Our skilled and experienced commercial general contractors deliver a streamlined construction process that meets all defined engineering and design specifications, procurement, schedules, and budgets for your commercial office space or business. Call today to request free information or to schedule a consultation.