Remodeling Your Business: Is It Financially Feasible?

Posted on September 17, 2024 by bafcorp20

In the dynamic world of commerce, businesses must constantly adapt to remain competitive. Whether it’s modernizing an outdated storefront or expanding a cramped office space, remodeling can breathe new life into your business. But how do you determine if a business remodel is financially feasible?

This question haunts many small business owners, entrepreneurs, and startups. In this blog post, we’ll explore the financial aspects of commercial remodeling, guiding you through assessing your financial health, exploring cost-effective strategies, and navigating financing options.

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Driving Factors Behind Business Remodeling

Before embarking on any remodeling project, it’s crucial to understand what drives the need for change. Is your business space outdated, or are you looking to increase your operational efficiency? Maybe you’re aiming to enhance customer experience or align your physical space with your brand identity. Each reason comes with its own set of considerations, but all share a common requirement—a clear understanding of the financial implications.

Recognizing these driving factors can help you determine the scope of your project and set realistic goals. For instance, a remodel aimed at improving customer experience might focus on aesthetic enhancements like lighting and decor, while a project driven by operational efficiency might emphasize layout changes and technology upgrades. Understanding your primary motivators will guide your decision-making process and help prioritize your financial resources.

Furthermore, clearly defining the purpose of your remodel can help prevent scope creep, a common pitfall where the project expands beyond its original goals, leading to increased costs and project delays. By staying focused on your primary objectives, you can ensure that your remodeling efforts remain aligned with your business needs and financial capabilities.

Assessing Financial Health

To determine if a remodel is financially feasible, you must first assess your business’s financial health. Begin by reviewing key financial statements, such as your balance sheet, income statement, and cash flow statement. These documents provide insight into your business’s financial stability, profitability, and liquidity—critical factors in determining your ability to fund a remodel.

Next, calculate financial ratios to gain a deeper understanding of your business’s financial performance. Key ratios to consider include the current ratio (current assets divided by current liabilities), which measures liquidity, and the debt-to-equity ratio (total liabilities divided by total equity), which assesses leverage. A strong current ratio indicates your business can cover short-term obligations, while a reasonable debt-to-equity ratio suggests you’re not overly reliant on borrowed funds.

Finally, conduct a break-even analysis to determine how much additional revenue your remodeled space will need to generate to cover the costs. This analysis calculates the point at which your total revenue equals your total costs, helping you understand the financial impact of the remodeling project. If the break-even point seems achievable based on projected sales and market conditions, it may indicate that a remodel could be a sound investment.

Cost-Effective Business Remodeling Strategies

Once you’ve assessed your financial health, it’s time to explore cost-effective remodeling strategies that maximize impact without breaking the bank. Start by identifying areas where minor changes can have a significant effect. For example, updating lighting fixtures or repainting walls can dramatically improve the look and feel of your space without requiring a substantial investment.

Another cost-effective strategy is to focus on functional improvements that enhance efficiency. Rearranging furniture or equipment to create a more streamlined workflow can boost productivity and reduce operational costs. Additionally, incorporating energy-efficient features, such as LED lighting or programmable thermostats, can result in long-term savings on utility bills.

Setting a clear remodeling budget is also essential to ensure financial feasibility. Begin by obtaining estimates from several commercial general contracting companies to understand the potential costs involved. Then, prioritize your remodeling goals and allocate your budget accordingly. By focusing on high-impact areas and staying within budget, you can achieve a successful remodel without overextending your finances.

Financing Options for Commercial Remodels

If your financial assessment indicates that you need additional funding for your remodeling project, several financing options are available to small businesses. One option is a traditional bank loan, which typically offers competitive interest rates and structured repayment terms. To secure a bank loan, you’ll need to present a detailed business plan, financial statements, and a clear outline of your project.

Alternative financing options include Small Business Administration (SBA) loans, which are government-backed loans designed to support small businesses. These loans often feature favorable terms and lower down payment requirements, making them an attractive option for business owners with limited capital.

For businesses seeking more flexible financing solutions, consider exploring lines of credit or equipment financing. A line of credit provides access to funds as needed, allowing you to borrow only what you require for your remodel. Equipment financing, on the other hand, is specifically designed for purchasing equipment or machinery, enabling you to spread the cost over time.

Project Planning and Execution

Successful remodeling projects require careful planning and execution to ensure they stay on schedule and within budget. Start by developing a detailed project plan that outlines the scope, timeline, and budget of the remodel. This plan should include specific milestones and deadlines to keep the project on track.

Next, select a reputable commercial general contractor to oversee the remodeling process. Look for contractors with experience in similar projects and check references to ensure quality workmanship. A reliable contractor can help you manage the project’s logistics, coordinate subcontractors, and address any unexpected challenges that arise.

Throughout the remodeling process, maintain open communication with your contractor and regularly review progress against the project plan. This ongoing oversight can help identify potential issues early on, allowing you to make timely adjustments and avoid costly delays. By staying engaged and proactive, you can ensure that your remodeling project is completed successfully and delivers the desired results.

Conclusion

Remodeling your business can be a powerful way to enhance your brand, improve operations, and attract more customers. However, it’s essential to carefully consider the financial feasibility before embarking on such a project. By understanding the driving factors behind your remodel, assessing your financial health, and exploring cost-effective strategies, you can make informed decisions about your remodeling budget.

If you determine that additional funding is necessary, consider various financing options to support your project. Once you’ve secured funding, plan and execute the remodel with precision to ensure success. By following these steps, you can confidently decide whether remodeling is the right choice for your business and unlock the potential benefits of a refreshed and revitalized space.

For further resources or personalized advice on your remodeling project, consider consulting with commercial general contractors or financial advisors who specialize in small business remodeling. Their expertise can provide valuable insights and guidance to help you make the best decision for your business’s future.

Are you planning to remodel your brick and mortar business soon? Contact BAF Corporation at 317-253-0531 for full-service commercial general contracting and construction in Indianapolis, Indiana. From design build and space planning to construction management and more, we have the commercial construction solutions you need to catapult your business to the next level of success.

Revamping Your Business Image with Professional Painting Services

Posted on September 3, 2024 by bafcorp20

In the competitive world of business, first impressions are everything. The image your business projects can significantly influence potential customers and clients. A clean, professional appearance not only reflects your brand’s values but also builds trust. One of the most effective ways to enhance your business image is through professional painting services. With the right colors and finishes, you can transform your workspace into an inviting and productive environment. This blog will guide small business owners and office managers through the process of revamping their business image with a fresh coat of paint.

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Assessing Your Business Needs

Signs It’s Time for a New Paint Job

Your business space might be giving off the wrong impression if the paint is peeling, faded, or outdated. These are clear signs that it’s time for a makeover. A fresh paint job can rejuvenate tired walls and reinvigorate your space, making it look new again. Additionally, consider the condition of high-traffic areas. Scuffed and marked walls can detract from the professionalism of your business, making it a priority to address these issues.

Understanding the Impact of Colors

Colors have a profound impact on mood and productivity, and selecting the right palette for your business can make a significant difference. For example, blue is known to be calming and can increase productivity, making it ideal for offices. On the other hand, warm colors like red and orange can stimulate conversation and energy, which might be suitable for restaurants or social spaces. Understanding color psychology and its effects can help you choose the right shades to enhance the atmosphere of your business.

Choosing the Right Commercial Painting Services

Factors to Consider When Selecting a Contractor

When choosing commercial painting contractors, it’s essential to consider their experience, reputation, and customer reviews. A contractor with a proven track record will ensure quality work that meets your expectations. Additionally, check if they are licensed and insured, as this protects your business from any liabilities. Requesting a portfolio of their past projects can also give you a glimpse of their expertise and style.

Benefits of Professional Services Over DIY

While DIY might seem cost-effective, professional painting services offer value that goes beyond a mere paint job. Professionals bring expertise in surface preparation, color matching, and application techniques that ensure a flawless finish. They have access to high-quality materials and equipment, which leads to long-lasting results. Furthermore, hiring professionals saves you time and minimizes disruptions to your daily operations, allowing you to focus on running your business.

The Process of Revamping Your Business Space

Step-by-Step Guide to the Painting Process

Revamping your business space starts with a detailed plan. Professionals will assess the area, providing color consultations and estimates. Next, they will prepare the space by covering furniture and cleaning surfaces to ensure optimal paint adhesion. Once the paint job begins, they employ precise techniques for even coverage and sharp edges. Upon completion, they conduct a thorough clean-up, leaving your space spotless and ready for business.

Tips for Minimizing Disruption

One major concern for businesses is minimizing downtime during renovations. To reduce disruption, schedule painting during off-peak hours or over weekends. Communicating clearly with contractors about your business hours and peak times can help them plan accordingly. Additionally, opt for low-VOC (volatile organic compounds) paints to minimize odor and environmental impact, ensuring a comfortable experience for employees and customers upon reopening.

The Long-Term Benefits of Professional Painting

Enhancing Employee Well-Being

A well-maintained workspace with fresh, thoughtfully chosen colors can boost employee morale and productivity. A serene and aesthetically pleasing environment reduces stress and fosters creativity, leading to improved job satisfaction. By investing in professional painting, you can create a workspace that supports the well-being and efficiency of your team.

Impact on Customer Perception and Business Success

First impressions matter to customers as much as they do to employees. A polished and professional appearance can increase your business’s credibility and appeal. Customers are more likely to trust and engage with a business that looks well-cared-for. This can lead to increased foot traffic, customer retention, and ultimately, business success. A visually appealing environment can set your business apart from competitors and create a lasting impression.

Conclusion

In summary, revamping your business image with professional painting services offers numerous benefits, from enhancing employee well-being to improving customer perception. A fresh coat of paint can transform your workspace, making it more inviting and productive. If you’re ready to take the first step toward a revitalized business image, consider reaching out to commercial painting contractors for a consultation. Their expertise will ensure that your business looks its best, leaving a lasting impression on everyone who walks through your doors.

Are you ready to remodel or renovate your commercial property and start fresh with a clean and well-designed space? Contact BAF Corporation at 317-253-0531 for professional commercial general contracting services in Indianapolis, Indiana. We serve commercial and industrial clients all throughout Central Indiana.

3 Signs That Suggest Your Business is Due for a Renovation

Posted on July 25, 2022 by bafcorp20

Have you pondered the idea of renovating your commercial building or business, but you just aren’t sure if it is a worthwhile endeavor at this point? Continue below to learn the top 3 signs that suggest now is the right time to renovate your business, plus a bonus tip on where to get comprehensive commercial general contracting and remodeling service near you.

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How to Evaluate Your Surroundings to Gauge Your Need for Commercial Renovation

It is no small feat to run a business, so the idea of adding a commercial renovation to an already-growing To-Do list can feel quite stressful, to say the least. However, commercial renovations are an important part of growing and enhancing your business. With the right Indiana commercial general contracting team, you won’t have to worry about how your business’s daily operations will be affected, nor will you need to sweat the budget. A qualified commercial general contractor knows how to deliver streamlined remodeling or renovation project that meets the budget, as well as all other detailed specifications of the job.

Looking For the Signs

To gauge your need for a commercial renovation, start by looking around and asking yourself some important questions. Here are the signs to look for:

Your Current Business Layout is Obsolete

Like all things in life, your business is bound to change overtime. Ask yourself if the current design or layout still works well for your business. Do you have a lot of unused space? Do your employees mostly work remotely? Do they work in groups? Have your operations changed? Do you have updated technologies that enhance customer experience or business operations? A renovation can revamp the flow and efficiency of your space to meet your current design needs.

Your Building Does Not Match Your Brand

Have you recently rebranded? If you are occupying an older building, it can sometimes be a challenge matching your new brand to the overall look and feel of your space. A renovation can help balance your business’s culture with the available aesthetics, from signage and paint palettes to interior layout, technology applications, and more.

Super High Utility Expenses

There is no getting around to paying for the utilities necessary to occupy and operate your business space. But if your utility expenses are putting a lot of pressure on your books, it may be a sign that your building needs some updating. From energy-efficient building materials and power systems to green construction improvements and more, incorporating these upgrades can instantly lower your utility costs and may even qualify you for governmental grants and tax credits.

Are you ready to learn how easy it is to enhance the overall efficiency and operations of your business through smart commercial renovation? Contact BAF Corporation at 317-253-0531 for a one-stop-shop solution to full-service commercial construction management in Indianapolis, Indiana. From start to finish, our teams handle it all.

3 Approaches to Updating the Modern Workplace

Posted on December 7, 2021 by bafcorp20

Every office or workplace will need a bit of updating at some point in time. If this year is the year to remodel your office or workplace, be sure to keep your focus on function and modernization. Continue below to review the top 3 approaches to commercial interior design and remodeling for the modern workplace, as well as where to get superior commercial general contracting in Central Indiana.

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Commercial Interior Design and Remodeling

Because the average workplace in this day and age is ever-evolving, it is often necessary to adapt to the continually-changing needs of your business and staff. Smart commercial interior design and remodeling can enhance your workplace function, thus saving money and energy, and improving worker productivity and contentment. All of these enhancements can have a positive effect on your bottom line.

Before you begin the commercial interior design and remodel planning process, there are some key considerations to keep in mind. The top 3 approaches to updating the modern office involve technology upgrades and incorporation, floorplan reconfiguration, and interior painting and drywall.

Technology Upgrades and Integration

There are several new technologies available that can instantly enhance the overall function and success of a business. From record keeping and payroll application software to touchless, hands-free technology, solar energy solutions, IP tech, security systems, and more, the options for optimizing your workplace in all areas and aspects is virtually endless.

Workspace and Floor Plan Reconfiguration

Offices are starting to take on new floor plans and workspace options to enhance overall client satisfaction and staff productivity. By rethinking the way your employees or clients interact and perform their daily work duties, you can achieve a more modern and efficient workplace environment. Consider realigning cubicles in small clusters rather than in long sequences; or eliminating cubicles altogether and opting for open and shared workspaces, like round tables, desks, couch and chair seating areas, outdoor workspaces, and similar ideas. These floor plan changes can give staff the option to work together on projects as a group or independently.

Interior Drywall and Painting

One of the most basic, yet impactful, approaches to updating an office or workplace is fresh paint. Nothing gives quite the same impact as freshly finished, level-5 drywall work and interior commercial painting. These days, the modern office trend is bold, but not bright. Consider color families that make your workplace feel organized and serene, such as grays and earthly neutrals.

Would you like to learn how you can enhance your business’s success through strategic and smart commercial interior design and remodeling in Central Indiana? Contact BAF Corporation at 317-253-0531 for licensed and insured commercial remodeling in Indianapolis and its surrounding counties. We specialize in office and commercial use construction.

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How to Increase Team Productivity With Snacks and Beverages

Posted on October 12, 2021 by bafcorp20

Office efficiency plays an important role in the overall success of your business. When your team is productive, your bottom line is up. But with all of the external distractions and setbacks we are experiencing as a society, especially in most recent times, team productivity is expected to be negatively impacted. If you are looking for ways to increase productivity among your office staff, but have run out of ideas, perhaps consider providing some energy boosting snacks and beverages to keep them content throughout the day.

Continue reading to learn how to increase team productivity in the office with snacks and beverages, and who to contact when you need commercial office break room remodeling services in Indianapolis.

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Office Productivity Starts With a Happy and Healthy Staff

You may not realize it as a business owner or office manager, but snacks play an important role in the overall contentment among employed staff. Afternoon munchies are a real thing, and when office employees are hungry, they are often distracted, fatigued, irritable, and less motivated to work. Providing a selection of healthy snacks can abate mid-day hunger pains, while also encouraging health and nutrition in the office.

Top Healthy Office Next to Consider:

▷ Veggie Straws
▷ Chex Mix
▷ Popcorn
▷ Dried Fruit
▷ Fresh Fruit
▷ Almonds
▷ Peanuts
▷ Jerky

Healthy Snacks for Sweet Cravings:

▷ Fig Newton Cookies
▷ KIND Bars
▷ Protein Bars
▷ Granola
▷ Sugar-Free Candies
▷ Bananas
▷ Apples
▷ Oranges

These snacks are light, low in calories, and contain a load of nutrients and vitamins, all of which will help your staff stay energized throughout the workday. They won’t trigger sugar rushes and subsequent crashes, nor will they weigh anyone down. They are the perfect go-to snacks to grab quickly and provide adequate fuel until dinner.

Office Break Rooms and Beverages

It is important to provide an office break room or kitchen area for your staff, especially if you have a large team of eight or more people. A designated break room area provides a place for employees to store and eat their lunch, grab a quick snack, and most importantly, stay hydrated throughout the day. All of these available amenities help to increase and maintain high office productivity.

Consider providing a selection of beverages to keep your office staff alert and productive, including non-caffeinated options like bottled water, sparkling water, and energy drinks, as well as caffeinated options such as coffee and diet soda. Try to avoid regular sodas as they contain a high amount of sugar that can cause a mid-day fatigue crash.

You should also consider investing in a single cup coffee maker, espresso machine, vending machine, refrigerator, microwave, and toaster. These amenities will allow staff to satisfy their cravings easily and quickly, then go back to work re-energized!

Are you interested in remodeling your office to create a happier and more productive workplace? Contact BAF Corporation at 317-253-0531 for seasoned commercial office remodeling in Indianapolis, Indiana.

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5 Design Tips to Improve the Success of Your Retail Store
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5 Ways to Enhance Commercial Building Curb Appeal

Posted on May 14, 2021 by bafcorp20

When it comes to owning and operating a successful and profitable business, you can bet that excellent curb appeal plays a significant role. Whether you serve customers, clients, visitors, or staff, great curb appeal is an important part of running a prosperous company and drawing in new traffic. If you are looking for a way to attract new customers or boost profits, improving your building’s curb appeal is a recommended place to start.

Continue below to learn the top 5 ways you can easily enhance your commercial building’s exterior and interior appeal, and where to get a personalized general contractor bid for office redesign and remodeling in Indianapolis, Indiana.

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Gain Some Perspective First

Before making any decisions about renovating or redesigning your commercial building, take some time to take a look around. Walk around the outside of the premises, examining the landscaping and edifice, and taking note on what you see could use some improvement. You can even do the same for the inside of your business by considering what you see, feel, hear, and smell when you walk in your front doors. When you are inspecting your property, imagine that you are a customer, client, or visitor, and consider what they might experience too.

How to Improve Your Curb Appeal FAST:

➀ Implement a Thorough Cleaning

Cleaning is always the best place to start when you want something to look better. Begin your curb appeal improvement project with a comprehensive cleaning of all outdoor, exterior spaces. For outside, power wash all pavements and siding, have your roof and gutter systems cleaned, have your windows and doors cleaned, eliminate all trash and natural debris, and polish any metal facings or signs.

➁ Paint Everything if Needed

If your commercial building and interior office areas have not been painted in more than 5 years or so, a fresh coat is a good investment, and will make a significant impact on the look and value of your space. Consider commercial painting and drywall services, and even replacing your siding, roofing, and hardscaping. If you have brick, a fresh coat of paint can update your curb appeal and renew your building’s features.

➂ Replace Doors and Windows

Doors and windows, although not often though of as such, are primary features of a building. When you have old or outdated doors and windows, your whole business can feel drab and appear unappealing to new customers. By replacing your old windows and doors with new, updated models, you will instantly change and update the appearance of your business, plus increase its property value.

➃ Have Your Pavement Repaired

If your building has parking, sidewalks, or any other type of paved surface or walkway that has extensive damage like potholes, cracks, crumbling, stains, and discoloration, a pavement renovation will make your building a whole lot more attractive, not to mention safer for drivers and pedestrians!

➄ Landscape All Around

Landscaping is a primary method of adding curb appeal to a home or business. For your commercial building, upgrading, adding, or redesigning the landscaping will drastically change the way your business looks. It is also a fantastic way to attract new business and set an aesthetic standard that speaks to your company’s overall culture and creed.

Are you ready to renovate your commercial building to improve your success? Contact BAF Corporation at 317-253-0531 to speak with a trusted Indianapolis Indiana commercial general contractor about reaching your business objectives through strategic commercial remodeling and space planning.

You Might Also Like:

Will a Remodel Improve My Business?
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Tips for Keeping Your Business Open During a Remodel

Posted on February 8, 2021 by bafcorp20

It is not cheap to fund a commercial renovation or remodeling project. So, when it comes to the point when you need to move forward with one, it is wise to consider remaining open for operation during the process. This will allow you to continue bringing in revenue, while also knocking out a much-needed update or remodel. Of course, not all business owners have the option of staying open when proceeding with a commercial renovation, such as restaurants, but in many circumstances, it is quite possible with the right elements in place.

If you think you might want to stay open during commercial remodel, there are some important factors to consider, and few helpful pointers that will ensure a smooth and successful process. Continue below to review some of the top-recommended tips and considerations you should know as a business owner or proprietor.

Commercial Construction Indianapolis Indiana 317-253-0531 — Commercial Remodeling Indianapolis Indiana 317-253-0531

Remodeling While Staying Open for Business

When a business or office stays open and operational during a renovation, there are certainly some challenges that might arise, and a few expected inconveniences. However, this does not mean that it is impossible to do so successfully, all while accommodating your guest’s and staff’s safety and comfort. This is also important to your staff’s productivity and your operation’s efficiency. An experienced commercial construction company will know exactly how to meet these objectives, as well as all other detailed specifications and overall business objectives.

Your First Step is Budget Analysis

Your first step to determining whether or not you should keep your business operating as usual during an upcoming commercial renovation is to perform a budget analysis report. This report will provide you with data that analyzes the cost-benefit of staying open and compares it with the scenario of temporarily closing down, thus giving you insight on the rationality of moving forward one way or the other.

Safety is Key

Safety is another critical aspect of staying open during a commercial remodel. Consider posting maps to show which areas are zoned for construction, and giving your staff safety gear if necessary. Always have an emergency plan in place in the case of an injury or accident, and be sure your vendors have a copy of the renovation schedule to protect them and your remodel work. You can also appoint a staff member to sweep and tidy up the work areas every hour.

Additional Factors to Think About

If you are leaning toward staying open during your commercial remodel, there are some important factors you should consider first, as mentioned before. Primary factors that you must address head on before getting started with any construction include adjusting your business hours, organizing a clear line of staff and customer communication, designating construction zones, construction containment efforts, and most importantly, safety.

► Business Hours – Think about how your business hours might impact the quality and efficiency of your commercial remodel, and how you might be able to make certain adjustments to accommodate the construction work, staff, and guests. Perhaps schedule the construction overnight, during off business hours, or during slow times of business, such as early morning, mid-day, or late afternoon.

► Communicating – It is critical to maintain a clear and open line of communication regarding all construction work to both staff and guests. Consider making memos, sending emails, posting signs, and more so that everyone is up to date on the upcoming work. Ask for feedback, take suggestions, and ensure that every effort has been made to minimize disruption.

► Construction Zones – Think about how you will safely separate the construction areas from your business’s operating areas. You will want to restrict access to all construction zones, plus consider placing noise barriers and debris barricades to limit sound and health disruption.

► Debris Containment – There is a lot of dust, debris, and chemicals used in the commercial renovation process, which can travel into the operational areas of your business during construction. To avoid healthy and safety hazards, including poor air quality, you will need to consider how you will mitigate such particulates during construction. Containment barriers work well, as does pressurizing rooms, modifying the HVAC systems, and installing fans to air out paint and other chemicals.

Licensed Commercial Remodeling Construction Services in Central 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.

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.

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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.

Top Strategies for Cutting Commercial Renovation Costs

Posted on September 15, 2020 by bafcorp20

Your commercial renovation is arguably one of the most important projects of your life, that is, if you consider it something that will perpetuate your business’s success and overall profit margins. However, the degree of importance does not have to impact the cost of remodeling your commercial space. In fact, there are some effective and simple ways to actually save money during the commercial construction process.

Continue reading for some of the top-recommended strategies for cutting commercial renovation costs, including how to get started with a trusted bid in Indianapolis.

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Ways to Make Your Commercial Remodel More Cost Efficient

Your commercial remodel should render you the best possible return on investment. Accordingly, it should not break the bank, bur rather, be cost efficient. In order to achieve your imagined results for your commercial renovation, all without over-spending, you will need to educate yourself on some important business remodeling tips and tricks. The top 5 strategies for saving money during a remodel are detailed below.

✒Hire a Commercial General Contracting Company

The most effective strategy for optimizing the cost efficiency of your business’s remodel is to retain the services of a licensed and insured Indianapolis commercial general contracting team. These professionals are the astute experts you need to plan, manage, and facilitate the remodeling project at each individual step. So, the first task you should do is hire a commercial construction company. From there, they will assist you with the remaining decision-making process.

✒ Set a Realistic Budget

Your budget does matter when it comes to commercial renovation work. Not only do you need to set a budget right from the start, which many business owners fail to do, you need to make sure it is realistic. Your appointed commercial general contractor will work with you to develop a budget that makes sense for your renovation. They have the industry knowledge, and will use professional resources, such as economic incentive studies and constructability reviews, to implement a budget analysis and come up with a workable plan.

✒ Do Not Veer From the Plan

An important rule of thumb for commercial renovations is to develop a plan and stick to it, regardless of what comes your way. Veering from your plan after it is made can lead to unforeseen obstacles, lengthy delays, unexpected infrastructure or facility problems, and worst of all, additional expenses. Furthermore, having a plan in place tactically maps out a strategy to protect people, environments, assets, and the overall brand, in the case of an emergency.

✒ Reuse and Recycle

We all know that recycling and repurposing waste is a great initiative for our local economies, as well as our planet as a whole. But when it comes to a commercial renovation, recycling and reusing can be an effective way to cut costs and save money. Consider refurbishing or repurposing HVAC systems, flooring, bathroom plumbing, window openings/framing, and furniture. Consider recycling scrap metal and leftover construction materials for cash reimbursement. Some metal scrappers will pay cash for old or leftover building materials made from metal, such as beams, tubing, piping, and more.

Certified Commercial General Contractors in Central 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.