Mastering the Art of Small Business Remodeling: A Guide to Success

Posted on March 29, 2024 by bafcorp20

Small and midsized businesses (SMB) form the backbone of local economies, and keeping their physical spaces vibrant, functional, and inviting is crucial for long-term success. Remodeling might seem like a luxury or an unnecessary expense, but it can be an astute investment in the competitive edge and growth of your SMB enterprise. This comprehensive guide is designed to provide small business owners and entrepreneurs with the necessary insights and strategies to undertake a successful remodeling project.

In this post, we’ll start by dissecting the necessity of renovating a business location, move on to preparations for a remodeling project, and conclude with tips for seamless execution and post-renovation considerations. Whether you’re aiming to revamp your retail store to attract new customers or create a more efficient workspace for your growing team, the knowledge you gain here will set you on the right path.

Call 317-253-0531 for Small Business Remodeling in Indianapolis Indiana

Understanding the Need for Small Business Remodeling

Enhancing Customer Experience and Business Operations

Your business environment speaks volumes about your brand and can significantly impact customer perceptions. A well-thought-out design can facilitate smoother operations, improve customer flow, and boost sales. Remodeling allows you to adjust to changing market trends, update your image, and ensure that your space aligns with the current needs and expectations of your target demographic.

Recognizing Signs of Necessity

It’s essential to pick up on the cues that indicate your SMB space is in need of a refresh. These might include declining foot traffic, outdated fixtures, or a layout that no longer supports your business activities. Even more critical is staying compliant with safety codes and accessibility standards, which might change over time.

Planning Your Business’s Remodeling Project

Assessing Your Space and Needs

Start by evaluating how well your current commercial space meets your business requirements. This might involve conducting customer surveys, cost forseeability charting, analyzing sales data, or simply assessing how functional your workspace is for your team. Collecting this information is key to informing the design phase.

Setting Realistic Budgets and Timelines

Financial planning is often a roadblock for small businesses considering remodeling. However, setting a clear budget and a feasible timeline is not just a formality—it’s the key to ensuring that your project is viable. Factor in unexpected expenses and leave a cushion for any delays.

Navigating Permits and Approvals

The legal side of remodeling is often overlooked but can be a significant hurdle. Ensure that you are aware of all the local zoning laws, building codes, and necessary permits. Failing to do so can lead to costly penalties or even halt your remodeling project.

Choosing the Right Commercial Remodeling Contractor

Selecting a Reliable Partner

Your contractor will be the linchpin of your project. Look for experienced professionals with a track record of completing projects on time and within budget. Referrals and testimonials are valuable tools for narrowing down your options.

Understanding Small and Mid-Sized Business Needs

A contractor who understands the unique challenges and space constraints of small businesses can be an invaluable resource. They should be able to offer insights and solutions tailored to your specific industry and objectives.

Designing for Success

Balancing Form and Function

Good design doesn’t just look pretty; it serves a purpose. Work with an interior designer to create a space that not only reflects your brand but also maximizes efficiency and customer comfort.

Making the Most of Limited Space

Small and moderately sized businesses often have to make do with less. Clever design choices, such as multi-purpose fixtures, vertical displays, and light colors, can give the illusion of space and optimize every square foot of your establishment.

Executing a Commercial Remodeling Project

Minimizing Disruptions

A major concern for small business owners is the impact a remodeling project can have on daily operations. Develop a comprehensive plan with your contractor to minimize disruptions, possibly by working during off-hours or in stages to keep parts of the business running.

Strengthening Communication

Effective communication is vital throughout the remodeling process. Regular updates and a clear line of communication with your remodeling team will help keep the project on track and alleviate any worries you might have.

Post-Remodeling Considerations

Ensuring Safety and Compliance

Your newly remodeled space should not only be aesthetically pleasing but also safe and compliant with all building regulations. Conduct thorough inspections and address any issues promptly.

Promoting Your Fresh Look

Once your remodeling project is complete, it’s time to show it off. Use your marketing channels to spread the word about your updated space and invite customers to experience it for themselves. A grand reopening event or special promotions can help reintroduce your business in a compelling way.

Conclusion

Small business remodeling holds the potential to revitalize your brand, improve your operations, and cement your presence in the local community. It is an investment in the long-term sustainability and success of your venture. By carefully planning, selecting the right partners, and executing the project with finesse, you can achieve a space that inspires both your customers and your team.

For personalized advice and support on your small or midsized business remodeling endeavor, reach out to our expert team. We look forward to assisting you in creating a space that resonates with your vision and drives your business forward. Remember, your space is a tangible expression of your brand—make it count.

Are you a small or midsized business owner who wishes to improve the look, function, and overall success of your space? Contact BAF Corporation at 317-253-0531 for professional commercial remodeling in Indianapolis, Indiana. We serve clients in all industries and throughout all of Central Indiana.

Navigating Commercial Building Permits and Regulations in Indiana

Posted on March 22, 2024 by bafcorp20

In the complex tapestry of modern real estate development and commercial business, there exists a critical yet often undervalued component: the labyrinth of building permits and regulations. These statutory requirements can seem like the red tape of progress, but in reality, they are the safeguards of a community’s well-being and a compass for sustainable growth.

Demystifying this process is crucial for any real estate developer, business owner, or building manager hoping to see their project come to fruition. To walk you through this challenging terrain, we will explore Indiana’s building permit jungle, offer strategies for success, and inspire confidence in the face of formidable regulatory landscapes.

Call 317-253-0531 for Commercial Space Planning and Permit Service in Indianapolis

Understanding Commercial Building Permits

Commercial building permits are official approvals from local or state authorities that grant permission to commence construction, renovation, or any structural changes to a commercial property. This legal document is the cornerstone of any building project, confirming compliance with safety codes, land use ordinances, and zoning laws.

The significance of this permit cannot be overstated. In the event of an accident or regulatory inspection, a valid permit signifies that the structure was built according to safe and approved design and material standards, protecting the owners and users of the building. In a broader context, building permits ensure that commercial development aligns with the community’s growth plan, maintaining functionality and aesthetic harmony within the city or town.

Navigating Construction Regulations in Indiana

Indiana’s commercial building landscape is shaped by a complex web of regulations, including the Indiana Building Code. This code, which adopts national standards, outlines specific requirements for safety, energy efficiency, and accessibility. Interwoven within these standards are state and local amendments, unique to Indiana’s economic and environmental needs.

The Impact of Regulations on Development

Regulations can significantly influence not only the developmental possibilities but also the costs and timelines associated with projects. Stringent amendments and evolving standards may demand design changes and the use of more expensive materials, thus affecting the bottom line and potentially delaying the completion of the project.

Key Steps in Obtaining Permits:

Researching Local Regulations and Zoning Laws

Before one brick is laid, extensive research is needed to understand the full scope of regulations that may apply. Zoning laws, which dictate how a property can be used, are particularly crucial as they determine the type of commercial activities permitted on the site.

Engaging with Local Authorities

Effective communication with local building authorities is your lifeline in permit acquisition. Regular dialogues and pre-application meetings can clarify uncertain regulations and help set realistic expectations for the project.

Ensuring Compliance Throughout Construction

Obtaining the permit is just the beginning. Compliance must be a guiding principle throughout every phase of construction, ensuring that no sudden regulatory hurdles become insurmountable. This is a major reason why professional construction and space planning services are the best approach to any commercial build or remodel.

Addressing Common Challenges

Navigating the permit realm often unveils challenges such as unclear or changing regulations, inspection delays, or unforeseen requirements that can stall progress and inflate costs. Maintaining a flexible construction plan that can adapt to evolving regulations is key. Establishing strong working relationships with local inspectors and having a clear line of communication with the permitting agency can significantly lessen the impact of these challenges.

Conclusion

Commercial building permits and regulations are the unseen but indispensable partners in any construction or renovation venture. Understanding, respecting, and mastering this important process is not only mandatory for compliance but can also herald a project’s success and long-term value. By prioritizing regulatory compliance, real estate developers, business owners, and building managers can confidently steer their commercial projects toward a prosperous future.

Ready to bring your commercial project to life in Indianapolis, Indiana, without the headaches of navigating permits and regulations? Contact BAF Corporation at 317-253-0531 and let our experts guide you through every step of the commercial space planning and permitting process. With a deep understanding of local laws and years of experience, we’re your partner in ensuring your project exceeds expectations while adhering to all regulatory requirements. Don’t let permits stand in the way of your vision.

Tenant Improvements: Enhancing Your Commercial Space

Posted on February 8, 2024 by bafcorp20

Tenant improvements (TIs) represent the transformative essence that can elevate a mundane commercial lease into a powerful, long-term branding and productivity opportunity. Whether you’re a tenant looking to make your space unique or a property manager aiming to improve your property’s appeal, the world of tenant improvements is vast and multifaceted.

In this comprehensive guide, we’re diving deep into the concept of TI, exploring every angle from the benefits it offers to the nitty-gritty details of execution. By the end, you’ll be equipped with the knowledge you need to initiate a tenant improvement project that will not only enhance your commercial space but also provide a slate of tangible advantages for your business.

Call 317-253-0531 for Tenant Improvement Construction in Indianapolis Indiana

Understanding Tenant Improvements

Before delving into the intricacies of tenant improvements, it’s crucial to understand what they are and why they matter. Tenant improvements, also known as leasehold improvements, are customizations to rental space to accommodate the needs of the tenant. This can span from simple fresh coats of paint and new carpets to complete remodeling, including the installation of specialized equipment.

Types of Tenant Improvements and Remodels

There is no one-size-fits-all when it comes to tenant improvements. The scope of these projects is as unique as the tenants themselves. Here are some common types:

Cosmetic Updates: The most basic improvements include the application of new finishes or fixtures, which can give a space a completely new look and feel without major structural changes.

Functional Modifications: These are upgrades that reconfigure the layout to better suit the operational flow of the tenant’s business.

Substantial Structural Changes: For tenants with unique or specialized spatial needs, the revamping of the property’s structural elements might be necessary.

Lease Agreements and Tenant Improvement Allowances

Often, tenant improvements are outlined and budgeted in the lease agreement as a tenant improvement allowance (TI allowance). This is a fixed amount of money provided by the landlord to the tenant for customization. If the cost of the improvements exceeds the allowance, the tenant is responsible for the difference.

Benefits for Commercial Tenants

For commercial tenants, undertaking a TI project can offer a wealth of benefits that go beyond aesthetics and comfort. Additional benefits of choosing to pursue a tenant remodel include:

Customization and Branding Opportunities – Tenant improvements allow businesses to create a space that mirrors their brand and values, contributing to a more professional and engaging environment for clients and employees alike.

Increased Employee Satisfaction and Productivity – A well-designed workspace can drive employee satisfaction and productivity. Elements such as natural lighting and ergonomic furniture can lead to a more comfortable work environment, fostering better performance and morale.

Cost Savings in the Long Run – Although there’s an initial investment, customizing a space to fit your exact needs can save money over time. It eliminates the need to retrofit standard spaces, which often involves additional change orders and expenses.

Benefits for Property Managers and Landlords

Property managers and landlords stand to gain from tenant improvements as well, such as:

Attracting and Retaining Quality Tenants – In a competitive market, a space that offers the freedom of customization can be the edge that attracts high-value, long-term tenants.

Higher Property Value and Rental Rates – Upgraded spaces command higher rental rates and can increase the overall value of the property.

Long-term Lease Agreements – When a tenant invests in their space, they are more inclined to sign longer leases, providing stability for both the tenant and the landlord.

Tenant Remodel Planning and Budgeting

Executing a successful tenant improvement project hinges on meticulous planning and accurate budgeting. Consider important elements, such as:

Assessing the Needs and Goals of the Tenant – It’s essential to start by understanding the specific requirements of the tenant’s business and their vision for the space.

Cost Estimation and Budget Allocation – An experienced contractor can provide a detailed estimate of the project cost. It’s important to allocate funds for unexpected expenses that may arise during the project.

Hiring Professionals and Obtaining Permits – To ensure the project is completed to code and on time, it’s vital to engage professionals and secure any necessary permits in advance.

Common Tenant Improvement Projects

The breadth of tenant improvement projects is vast, but there are common areas where customization often occurs, such as:

Interior Remodeling and Renovations – These projects can include anything from building new partition walls to breaking down existing ones to create an open-plan space.

HVAC and Electrical Upgrades – Modernizing these systems is often a priority to improve energy efficiency and align with the tenant’s specific equipment needs.

Accessibility Improvements – Making the space more accessible and accommodating for all visitors and employees is both a legal and ethical necessity.

Navigating Challenges of TI Construction Projects

While tenant improvements offer significant advantages, they are not without their challenges, such as:

Communication/Collaboration Between Tenants and Property Owners – Effective communication and collaboration are critical to ensure the tenant’s vision aligns with the property owner’s expectations and structural limitations.

Addressing Potential Disruptions and Inconveniences – Tenant improvements can sometimes cause disruptions to neighboring tenants or require planned service shutdowns. Planning these with everyone’s convenience in mind is paramount.

Compliance with Building Codes and Regulations – Staying on the right side of the law means researching and adhering to relevant building codes and regulations. Failure to do so can lead to costly delays and repercussions.

Conclusion

Tenant improvements are a powerful tool for commercial tenants, property managers, and landlords. They provide a unique opportunity to customize and enhance a space, create a more functional environment, and offer a multitude of benefits for all parties involved. Moreover, choosing the right partners for your tenant improvement project is essential. A qualified commercial construction company not only ensures the work is executed successfully but can also offer valuable insights and solutions throughout the process.

If you’re considering a tenant improvement project, this guide is your starting point. Next, contact BAF Corporation at 317-253-0531 to speak with a seasoned commercial construction contractor about planning your 2024 tenant improvements and remodels in Indianapolis, Indiana, today.

Why Space Planning Construction is So Valuable For Businesses

Posted on October 4, 2022 by bafcorp20

Do not make the mistake of thinking that space planning and design is the same thing as interior design services. Space planning construction is one of the most valuable elements of a business plan. Not only does proper space planning and design deliver enhanced efficiency, in terms of both energy and staff productivity, but also attracts more clientele and customers.

Continue reading to learn why space planning construction is so valuable for your business, plus who to trust in central Indiana for premier space planning services for commercial properties.

Indiana Space Planning Commercial Construction 317-253-0531

Why Choose Commercial Space Planning Services

Commercial space planning best benefits commercial businesses like offices, retail stores, restaurants and similar commercial spaces that serve clients or customers. By failing to incorporate smart commercial space planning and design into your commercial remodel or renovation, you are preventing yourself the opportunity to increase your customer base and yearly dividends. Not only can smart commercial space planning, increase staff contentment, thus improving their overall productivity, but it can also increase customer contentment, which can increase return business.

The most valuable benefits of commercial space planning and design all contribute to your business’s overall success. Let’s take a closer look:

Reduce Wasted Space

When it comes to owning and operating a business, waste is something you want to mitigate as much as possible. As for the square and cubic footage of your actual facility or office, the same principle applies. Smart space planning and design will allow you to reduce wasted space in the work environment, allowing you to make the most of your property.

Attract and Keep Business

It is confidently suggested that a well-planned space, whether an office or restaurant, is more impressionable on a customer or client. A good first impression is essential for repeat business and business that renders higher margins. If your space is poorly designed or sloppily organized, it will leave a bad impression on customers and clients, which is likely to negatively influence their opinion of your company and the services or products it offers.

Maintain High Employee Productivity

As mentioned earlier, a space that is well designed and planned out will make employees happier because they are more comfortable, plus they are given a platform that allows them to do their work efficiently and with a higher level of convenience. In turn, this increases employee productivity, which directly impacts your bottom line.

Plan For Future Expansion

Most business owners have plans to grow their company, and a well-planned space can allow you to make these renovations and build outs as needed. Space planning and design that incorporates a plan for future expansion will allow you to cost-effectively accommodate any growth you experience in your company.

Are you looking for a trusted commercial general contracting company in Indy but unsure where to begin? Contact BAF Corporation at 317-253-0531 for comprehensive commercial space planning and permitting in Indianapolis, Indiana. We work with clients all throughout the state.

Which Commercial Construction Services Do You Need For Your Project?

Posted on September 23, 2022 by bafcorp20

Commercial construction is simply an umbrella term to describe a comprehensive scope of commercial space planning, zoning, designing, building, maintaining, and more. Whether you are building new or renovating a distressed asset, it is important to streamline your thought process by identifying which types of commercial construction services you will require for your construction plans.

Continue below to review some of the most common services provided by an Indiana commercial construction and general contracting company, plus learn how to get your plans into motion before the year is up.

Commercial Construction Services Indiana 317-253-0531

Commercial Construction Services in Indiana

General Contracting

A general contracting company works as a single source of contact and management by providing all material, labor, equipment, and services required for a commercial construction project. In most cases, they are responsible for hiring and managing specialized subcontractors to perform all or some of the work, such as roofing, windows, framing, drywall, painting, electrician work, and more.

Construction Management

Commercial construction management applies concentrated managing system to oversee all aspects of a project, from planning and preconstruction, to designing, building, finishing, and more. This approach ensures an organized and streamlined construction process, therefore, controlling costs and reducing the likelihood of setbacks and project delays.

Pre-Construction

Commercial construction preconstruction services apply the innovative knowledge of precision forecasting to evaluate and establish every element of a project before breaking ground. This allows the development of a solid base, as well as a steady timeline for a project, including specifying all aspects, aligning design/build agendas, recognizing milestones, creating contingency plans, and assessing alternatives. This approach helps to accurately reflecting real world conditions, controlling costs, and abating complications or setbacks.

Tenant Improvements and Remodels

A commercial construction company will often provide services for apartment complexes, condominiums, retirement centers, and other types of commercially owned residential living communities. Everything from permit applications and materials procurement to construction management, financial plan compliance, and more are handled by the commercial construction company.

Facility Maintenance

Once a project is complete and a property is built, there is still a need for ongoing, specialized maintenance. Facility maintenance services sustain all systems and structures within a building. The commercial construction company will set up a program, or remain available, to implement specialized maintenance work that cannot be performed by in-house custodial and day-porter staffs, such as electrician work, sign repair, and more.

Industries and Businesses We Serve

Space Planning and Permitting – Zoning and permits, site selection/evaluation, preconstruction, community due diligence, land acquisition, economic incentive inquiries, feasibility studies, constructability reviews, site audits, site entitlements, financial analysis/structuring, and more.

Office and Commercial-Use Construction – Offices, office buildings, office complexes, high-rises, corporate campuses, single and multi-tenant offices, public buildings, auditoriums, pavilions, conference centers, and similar properties.

Healthcare Construction – Hospitals, medical facilities, rehabilitation centers, nursing homes, medical offices, spas, esthetician offices, pharmaceutical factories, wellness centers, sports medicine centers, and all other healthcare-related industries.

Retail and Franchise Construction – Shopping centers, malls, strip malls, clothing stores, boutiques, franchise businesses, spas, and more.

Restaurant and Food Service Construction – Restaurants, eateries, pubs, bars, cafes, catering venues, diners, cafeterias, grocery stores, franchise businesses, food market pavilions, factories, distribution warehouses, commercial kitchens, and more.

Fitness and Gym Construction – Gyms, fitness centers, yoga studios, Pilates studios, ballet studios, dance studios, indoor pools, spas, sports complexes, tennis courts, basketball courts, recreational centers, and more.

Commercial Flooring – Standard flooring, specialty flooring, space planning, repair, replacement, installation, procurement, etc.

Commercial Painting and Drywall – Space planning, repair, refinishing, installation, designing, etc.

Would you prefer to skip the difficulty of seeking out the best commercial construction company in central Indiana? Contact BAF Corporation at 317-253-0531 for honest and skilled general contracting and commercial construction in Indianapolis, Indiana. We serve clients all throughout the state with the highest level of professionalism and excellence.

You Should Also Read:

FAQS About Planning a Commercial Construction Project
The Two Key Components in the Commercial Construction Estimate Process
7 Qualities to Look for in a Commercial Construction Company

Modern Building Features That Will Boost the Success of a Commercial Office

Posted on August 2, 2022 by bafcorp20

If you want to maintain your competitive edge in the world of business, it is important to design your commercial office building in a way that sets you up for long-term success. This resolve is important whether you are looking to build a new commercial office building or lease an existing one. Modern features are a key element to achieving a well-designed and functional business center.

Continue below to review some of the leading modern building features to look for when designing or procuring a new commercial office building.

Commercial Office Build Outs Indianapolis Indiana 317-253-0531

Modern Office Building Features

Wi-Fi

No matter what kind of office space you are designing or looking for, you will need fast and dependable internet connection. When running a business, it is important to have the absolute best Wi-Fi and internet package available, regardless of industry or budget.

Energy Efficient Advancements

Commercial office buildings see a lot of traffic and consume a lot of energy. Making energy efficient upgrades and improvements anywhere possible in the blueprints is an effective way to reduce operational costs and support environmental sustainability. Think solar paneling and power, wind turbines, energy efficient windows and doors, touchless technologies, and LEED construction and design.

Greater Security

Commercial office buildings are significant investments, but more importantly, the provide a work and business space for several people, people who require protection against foreseeable dangers. Modern buildings are designed with enhanced security in various aspects, from camera and video monitoring to electric gates, digital keypad locking systems, on-site patrol, ADA compliancy, fire suppression systems, and more.

Employee Lounges

Commercial office buildings rely on the productivity and adeptness of their staff to make the daily operations table turn at a predictable and effectual speed. By providing staff with comfortable break rooms, community workspaces, and basic lounge areas, you can support employee contentment. Happier employees show up on time, perform better, and look forward to growing with the company.

Cafes and Fitness Centers

Designing space for a lobby cafeteria, food court, or even a simple coffee and muffin stand can add a great deal of value to your investment. Fitness centers and spas are other highly valuable modern features sought out by commercial real estate investors and business owners looking for new office space.

Outdoor Work and Break Spaces

Like employee lounges, outdoor workspaces and break areas can significantly increase the value and demand for a commercial office building. Right now, one of the top modern building features trending among the commercial real estate industry are rooftop decks. Similar to rooftop decks, outdoor terraces, patios, and plazas work well to support staff contentment and productivity.

Adjustable Conference Rooms

Another highly sought-after feature that is being added to commercial office building design plans more and more each year are adjustable conference rooms. Businesses grow, plus they house all sorts of people, from staff and consumers to visitors, contractors, guests, and more. With plenty of conference space, especially conference rooms that can be adjusted in size depending on your space needs at the time, you can accommodate your company’s operational needs and growth goals in a cost-effective manner.

Are you looking for professional help with designing or procuring a new commercial office space here in Indiana? Contact BAF Corporation at 317-253-0531 for commercial office remode l ing and commercial-use construction in Indianapolis, Indiana. We serve clients all throughout the state.

How to Determine Parking Lot Size for Your Commercial Building

Posted on June 30, 2022 by bafcorp20

Your commercial building will be able to occupy or service a predictable number of people, and your parking lot should be able to accommodate your occupancy ranges accordingly. Continue reading to learn about the science behind parking lot ratios, which can help you determine the proper parking lot size for your commercial building.

Parking Lot Contractors Indianapolis Indiana 317-253-0531

Why Parking Lot Ratios are Important

Believe it or not, your parking lot can have a large impact on the overall success of your company. According to a recent American Community Survey, an average of 76.4% of Americans drive to work. Additionally, consumers are more likely to drive their own vehicles to their desired destinations then take public transportation or walk. This is especially true in Indiana.

It is important that your parking lot is large enough to accommodate the maximum occupancy and traffic expected within your facility, plus provide safe and compliant design thoughtful and compliant design that both protects drivers and pedestrians and leads them in the right direction. It is also important to note that curb appeal plays a major role in business traffic. The better your parking lot looks and functions, the more traffic you’ll likely see.

What are Parking Lot Ratios?

Parking lot ratios are a standard commercial real estate metric used to examine the link between building size and parking space. Like any ratio, a parking lot ratio will produce a size-to-occupancy percentage recommended for a commercial building. And it is all calculated with a simple math formula. To calculate parking lot ratio for your commercial building, you would need to divide the total number of parking spaced by the square footage of your property in thousands of feet.

Here’s an example:

Building Square Footage: 60,000 sq. ft.
Number of Parking Spots: 300
Equation: 300 ÷ 60,000 = 0.005
Finish the Equation: 0.005 x 1,000 = 5

Answer: 5 Spots Per 1000 Square Feet

How To Apply Parking Lot Ratio Calculations

Parking lot ratios generate a reliable foundation for designing the proper parking lot infrastructure for a commercial building. However, it is important to apply additional, relevant factors to determine the best lot size and ratio to your property’s total square footage. The top three factors that will have an impact on your final decision for parking size include the properties use, local building codes, and current market conditions.

How the Building Will Be Used – Your commercial building’s intended purpose of use will play a role in the total number of parking spaces needed for your property. For instance, restaurants will require more spots than a warehouse facility. Restaurants have tables that occupy multiple patrons who arrive in multiple vehicles, while a warehouse facility will likely only require parking for staff and visitors. The same principle applies to hotels versus office buildings, and so on.

Local Building Codes – Local zoning and building codes may also influence how many parking spots, your building should or can have. Some jurisdictions have a set standard for parking lot ratios, thus requiring contractors to submit building plans prior to breaking ground for approval from the city.

Market Saturation – The market condition will also have an effect on your decision to incorporate more or less parking spots in your lot. For example, companies located in busy downtown areas or city centers. Both consumers and staff. Companies located in suburban or rural areas will likely require less parking availability.

Get Tips From a Pro

Parking lot ratios are easy to calculate and give real estate developers and business owners an advantage when comparing property lot sizes in the market. Consult with a licensed Indiana commercial general contracting company for help determining the best parking lot size and building square footage ratio for your company.

Are you looking for help with commercial remodeling, new construction, or design? 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.

Top 4 Commercial Construction Interior Finishes

Posted on June 27, 2022 by bafcorp20

With all the revolutionary technologies available to us today, interior commercial construction finishing has widened its scope to provide real estate investors and developers with several viable options. Continue below to learn the top four commercial construction interior finishes applied in the, plus how to determine which option best meets your overall business objectives.

Commercial Construction Contractors Indianapolis Indiana 317-253-0531

Popular Construction Finishes for Commercial Buildings

Whether you are a real estate developer who is preparing an upcoming build or a commercial tenant looking for a good TI allowance and build-out deal for a potential space, it is strongly encouraged to retain a brief understanding of the most popular construction finishes for commercial buildings. By choosing a commercial construction interior finish that aligns with your company’s goals, you can better meet the needs of your potential tenants or occupants, plus support the overall success of your company in whole.

Which Finish is Right for Your Commercial Construction Project?

So, what are the different interior commercial construction finishes available and which one is right for you? Well, you can custom design your commercial interior finish anyway you like alongside your trusted Indiana commercial construction management team. However, if you are like most, you may be more interesting in a turnkey option. If turnkey is your goal, these 4 construction finishes are a good place to begin your decision-making process:

WHITE BOX

White box commercial construction includes finished HVAC, plumbing, electrical, fire suppression systems, and fire escape accessibility options. It also comes with white walls, plain ceiling tiles, conventional overhead lighting. It does not have any appliances or industrial equipment.

White box finishes are very popular among landlords and multi-tenant real estate developers because they provide a clean slate for potential tenants. The commercial space is completely uncustomized, allowing tenants to choose their own wall colors, flooring, lighting fixtures, shelving, molding, accents, furniture, appliances, equipment, and more.

GRAY SHELL

Gray shell commercial construction finishes are a step down from white box finishing. Think along the lines of a concrete-like interior space. Walls, floors, ceilings, electrical, HVAC, plumbing, fire suppression, ductwork, and similar systems are all expected to be unfinished.

COLD SHELL

Cold shell commercial construction finishing is much like gray shell finishing, but even more scarce. You can expect much of the same environment as a gray shell interior in addition to no wall dividers or bathrooms.

FINISHED

Finished commercial construction interiors are completed and all elements and aspects of construction and remodeling. These commercial spaces will include finished floors, walls, ceilings, and all electrical, plumbing, HVAC, ductwork, fire suppression system, sprinkler systems, and more. These are what you call turnkey spaces, which are highly convenient and time-friendly.

Are you looking for a trusted commercial construction management team who can help you decide which interior finishes right for your new build or remodel? Contact BAF Corporation at 317-253-0531 for commercial office remode l ing and commercial-use construction in Indianapolis, Indiana. We serve clients all throughout the state.

Pros and Cons of Moving Your Business From the City to the Suburbs

Posted on June 16, 2022 by bafcorp20

Everyone knows it is more expensive to live in the city compared to the suburbs, and this year, the price of city life has seemingly skyrocketed. From excessive overhead expenses, rising corporate rent, and loss of tenancy across the board, it is no surprise that so many business owners are choosing to relocate outside of the city district to a more cost-effective region. Yet despite the many benefits that come along with moving your business to the suburban areas, you can expect to encounter a few pitfalls.

Before choosing your new business space in the suburbs, continue below to review some well-noted pros and cons of making the move, plus where to get the best commercial real estate space planning and permitting advice in Central Indiana.

Commercial Real Estate Contractors Indianapolis Indiana 317-253-0531

Should You Locate Your Business in the City or Suburbs?

Like anything decision in life, deciding between moving your business or staying in the city will require some critical thinking. One of the most basic methods of gearing up a successful brainstorm is comparing pros and cons. Many argue that moving a business to the suburbs will deliver cost-savings and ultimately, a higher quality of living. While others warn that making such a move can subject a business to reduced access to nearby amenities and walk-in customers, as well as a smaller pool of aptitude.

Pros:

You Will Save More Money and Have a Better Life

Relocating your business to the suburbs or suburban areas will certainly set you up for a long list of cost savings. Not only can you attain cheaper office rent or commercial lease, but you will also enjoy lower taxation rates and pay less in payroll.

As for your actual business space, you will get more bang for your buck in the suburbs. Office spaces in suburban areas tend to have more square footage and cubic square footage. They also tend to have better features and amenities, such as parking lots, landscaping, security, and more.

When it comes to paying taxes, you will be relieved of your responsibility to cover income tax, corporate tax, sales tax, and more. You will likely pay less in payroll since you won’t have to compete with the average cost of living in the city. Those who live and work in the suburbs have lower living costs, which means a lower salary will still be a desirable one because still goes a long way.

Saving all this money on overhead expenses, taxes, and facility maintenance will have a significant impact on your annual dividends, and more importantly, your overall quality of life. Suburban life is typically safer and experiences less criminal activity.

Cons:

The Needs of Large Scale Organizations May Not Be Met

If your business is a large corporation or company, the city might be the most compatible location in terms of meeting the needs of your business operations and objectives. For instance, city areas are typically epicenters for all sorts of travelers, cultures, services, entertainment, and more. Some businesses rely on this draw of people.

Additionally, walkability is greatly reduced in the suburbs. Being in the city gives you access to all sorts of services and stores within walking distance. For businesses that rely on walk-by or walk-in service, a city location that is densely packed will be most beneficial. Along with walkability, city areas have ample access to public transportation.

If a business chooses to move from the city to the suburbs, they could risk losing a wide scope of talent and entertainment. It is much easier to find talented employees and contractors in the city than it is in the suburban areas. Furthermore, it can be more difficult to locate and procure the resources you need for your business operations.

Would you like professional assistance with commercial real estate procurement in Indiana? Contact BAF Corporation at 317-253-0531 for commercial space planning and permitting in Indianapolis, Indiana. Our commercial general contractors can help you find and renovate the best space for your business.

Should I Use a Hard Money Loan to Invest in Commercial Real Estate?

Posted on April 28, 2022 by bafcorp20

If you are an investor looking to diversify your portfolio and increase your annual dividends, commercial real estate is a wise investment to make. Just keep in mind that investing in commercial real estate or rental properties is not as straightforward as buying and selling your stocks. Many commercial real estate investors prefer more of a backseat, usually opting for crowdfunding operations or even real estate investment trusts for financing their acquisitions. But for those, perhaps yourself included, who wish for more of a direct ownership approach, a hard money loan could be a profit-effective, fiscal opportunity to explore.

Continue below to learn more about taking out a hard money loan for commercial real estate investments, plus some of the most noted pros and cons.

Commercial Space Planning Permitting Indianapolis Indiana 317-253-0531

Short Term Lending With Hard Money Loans

A hard money loan is a type of short-term cash advance used by commercial real estate investors as leverage so they can adequately finance their investment prospect. Most commercial lenders and conventional banks do not offer hard money loans. These loans are primarily issued by private lenders.

Often times, such loans are used by commercial proprietors looking to quickly renovate and remodel a property for resale. Hard money loans are also a popular choice among investors because they can actually cut through the red tape, which makes the acquisition process much faster. And the faster you can acquire an investment property, the sooner you can turn on that cash-flow.

Advantages of Hard Money Loans

Although there are several intricate and perpetuating advantages of using a hard money loan, the main ones are easy, quick turnarounds and loan flexibility. There are many times when a commercial real estate investor is presented with a great investment opportunity and does not have time to waste jumping on it. While traditional loan processes can drag out, potentially causing an investor to lose out on the deal presented to them, hard money loans tend to release funds a lot faster.

Hard money loans are also advantageous in terms of loan forgiveness and flexibility. Not only is it more effectual to negotiate with a private lender on the terms and conditions of such loans, but it is possible to restructure payment schedules, customize loan maturity dates, and even reduce some fees.

Disadvantages

When it comes to investing, where there are advantages, there are always a few disadvantages. As for hard money loans, the same expectation applies. Although there are good pros of hard money loans, there are some cons that might sway your decision to move forward. For starters, hard money loans are easy and convenient, and convenience costs extra. Such loans are more expensive, which can be considered a disadvantage to some.

Furthermore, hard money loans are used as bridge financing, so their terms are much shorter than traditional loan arrangements. Basically, you have less time to pay off a hard money loan than you would with a conventional loan.

Are you looking for a qualified commercial general contractor to help you with your real estate acquisition and space planning needs? Contact BAF Corporation at 317-253-0531 for professional commercial construction management and space planning in Indianapolis, Indiana.