As a business owner, you always want to be one step ahead of your overall financial objectives, and mitigating risk is a great way to sharpen these skills. So, when it comes time to find a brick and mortar for your company, you will be faced with the challenging decision of choosing between new construction, remodeling an existing space, or expanding your current location to house your new development. What are the pros and cons of each option? Continue below to find out.

Commercial Construction Options for the Growing Business

Whether you are just starting out or simply outgrowing your existing space, there will come a time when you must ask yourself if you want to build new, remodel, or expand. Each and every business and business owner are different, so the pros and cons to each option will give you some insight on what your specific objectives are for your company’s future.

New Builds

You can choose to build a new construction property, which would entail a full process of real estate procurement, space planning and permitting, designing, and building. It may sound like a lot, but this is a common route taken by growing businesses. Although there are plenty of pros to new construction, there are also some cons.

PROS:

☑ A Fresh Start
☑ Freedom to Customize
☑ Opportunity to Rebrand

CONS:

☑ More Expensive
☑ Longer Timeline
☑ Limited Land Availability

Remodels

Perhaps your location is a bit outdated, or you need to spruce up and modernize a newly-procured space? Choosing to remodel your existing space, or another existing space, such as a distressed commercial asset, can reap several benefits and conveniences, but just as all other options in life, they also come with a few mentionable downfalls.

PROS:

☑ Updated Look and Feel
☑ Improved Technologies
☑ Efficient Timelines

CONS:

☑ No Additional Space Gained
☑ Loud and Disruptive Construction  
☑ Possible Delays and Setbacks

Expansions

Are you perfectly happy with your company’s location, or maybe unable to move locations, but your staff and operations are basically running out of room? If so, an expansion, or a commercial fit-out, might be the right option for you.

PROS:

☑ Cheaper Than New Builds
☑ Less Construction and Disruption
☑ Modernize Technology For Less

CONS:

☑ A Remodel to Update Old Space
☑ Costlier Than Remodeling
☑ Moderate Disruptive Construction

Who to Hire for Skilled Commercial Remodeling and Construction in Indiana

Contact BAF Corporation at 317-253-0531 for trusted commercial construction and remodeling in Indianapolis, Indiana and its surrounding locations. We are highly experienced commercial general contracting professionals who offer comprehensive commercial construction services, from space planning and permitting to post-occupancy facility maintenance, and everything in between. Our commercial construction company is adept in commercial build-outs, expansions, and commercial remodeling, but specialize in design build services for new construction projects. Contact us soon to request a commercial bid, or to learn more about us and our company’s full scope of service.