{"id":468,"date":"2021-02-05T19:16:47","date_gmt":"2021-02-05T19:16:47","guid":{"rendered":"https:\/\/www.bafcorp.com\/blog\/?p=468"},"modified":"2025-10-30T21:42:25","modified_gmt":"2025-10-30T21:42:25","slug":"should-you-build-new-remodel-or-expand-your-business","status":"publish","type":"post","link":"https:\/\/www.bafcorp.com\/blog\/should-you-build-new-remodel-or-expand-your-business\/","title":{"rendered":"Should You Build New, Remodel, or Expand Your Business?"},"content":{"rendered":"\n<p class=\"has-drop-cap\">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.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"600\" src=\"https:\/\/www.bafcorp.com\/blog\/wp-content\/uploads\/2021\/02\/Commercial-Construction-Remodels-Indiana.jpg\" alt=\"Indiana Commercial Construction Contractors 317-253-0531\" class=\"wp-image-469\" srcset=\"https:\/\/www.bafcorp.com\/blog\/wp-content\/uploads\/2021\/02\/Commercial-Construction-Remodels-Indiana.jpg 900w, https:\/\/www.bafcorp.com\/blog\/wp-content\/uploads\/2021\/02\/Commercial-Construction-Remodels-Indiana-300x200.jpg 300w, https:\/\/www.bafcorp.com\/blog\/wp-content\/uploads\/2021\/02\/Commercial-Construction-Remodels-Indiana-768x512.jpg 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><figcaption class=\"wp-element-caption\">Indiana Commercial Construction Contractors 317-253-0531<\/figcaption><\/figure>\n\n\n\n<h1 class=\"wp-block-heading\"><strong>Commercial Construction Options for the Growing Business<\/strong><\/h1>\n\n\n\n<p>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\u2019s future.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>New Builds<\/strong><\/h2>\n\n\n\n<p>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.<\/p>\n\n\n\n<p style=\"font-size:21px\">PROS:<\/p>\n\n\n\n<p style=\"font-size:18px\">\u2611 A Fresh Start<br>\u2611 Freedom to Customize<br>\u2611 Opportunity to Rebrand<\/p>\n\n\n\n<p style=\"font-size:21px\">CONS:<\/p>\n\n\n\n<p style=\"font-size:18px\">\u2611 More Expensive<br>\u2611 Longer Timeline<br>\u2611 Limited Land Availability<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Remodels<\/strong><\/h2>\n\n\n\n<p>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 <a href=\"https:\/\/www.bafcorp.com\/blog\/what-to-consider-before-buying-a-distressed-commercial-asset\/\">distressed commercial asset<\/a>, can reap several benefits and conveniences, but just as all other options in life, they also come with a few mentionable downfalls.<\/p>\n\n\n\n<p style=\"font-size:21px\">PROS:<\/p>\n\n\n\n<p style=\"font-size:18px\">\u2611 Updated Look and Feel<br>\u2611 Improved Technologies<br>\u2611 Efficient Timelines<\/p>\n\n\n\n<p style=\"font-size:21px\">CONS:<\/p>\n\n\n\n<p style=\"font-size:18px\">\u2611 No Additional Space Gained<br>\u2611 Loud and Disruptive Construction &nbsp;<br>\u2611 Possible Delays and Setbacks<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Expansions<\/strong><\/h2>\n\n\n\n<p>Are you perfectly happy with your company\u2019s 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.<\/p>\n\n\n\n<p style=\"font-size:21px\">PROS:<\/p>\n\n\n\n<p style=\"font-size:18px\">\u2611 Cheaper Than New Builds<br>\u2611 Less Construction and Disruption<br>\u2611 Modernize Technology For Less<\/p>\n\n\n\n<p style=\"font-size:21px\">CONS:<\/p>\n\n\n\n<p style=\"font-size:18px\">\u2611 A Remodel to Update Old Space<br>\u2611 Costlier Than Remodeling<br>\u2611 Moderate Disruptive Construction<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Who to Hire for Skilled Commercial Remodeling and Construction in Indiana<\/strong><\/h3>\n\n\n\n<p><strong>Contact BAF Corporation at 317-253-0531<\/strong> for trusted <a href=\"https:\/\/www.bafcorp.com\/\">commercial construction and remodeling<\/a> in Indianapolis, Indiana and its surrounding locations. We are highly experienced commercial general contracting professionals who offer comprehensive <a href=\"https:\/\/www.bafcorp.com\/commercial-construction-services.php\">commercial construction services<\/a>, 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 services for new construction projects. Contact us soon to request a commercial bid, or to learn more <a href=\"https:\/\/www.bafcorp.com\/about-us.php\">about us<\/a> and our company\u2019s full scope of service.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.bafcorp.com\/contact-us.php\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"107\" src=\"https:\/\/www.bafcorp.com\/blog\/wp-content\/uploads\/2020\/01\/BAF-Corporation-Commercial-Construction-Contractors-1024x107.png\" alt=\"Indianapolis Commercial General Contracting and Design Build Services\" class=\"wp-image-19\" srcset=\"https:\/\/www.bafcorp.com\/blog\/wp-content\/uploads\/2020\/01\/BAF-Corporation-Commercial-Construction-Contractors-1024x107.png 1024w, https:\/\/www.bafcorp.com\/blog\/wp-content\/uploads\/2020\/01\/BAF-Corporation-Commercial-Construction-Contractors-300x31.png 300w, https:\/\/www.bafcorp.com\/blog\/wp-content\/uploads\/2020\/01\/BAF-Corporation-Commercial-Construction-Contractors-768x80.png 768w, https:\/\/www.bafcorp.com\/blog\/wp-content\/uploads\/2020\/01\/BAF-Corporation-Commercial-Construction-Contractors.png 1209w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">Contact Us Today 317-253-0531<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>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 &hellip; <a href=\"https:\/\/www.bafcorp.com\/blog\/should-you-build-new-remodel-or-expand-your-business\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":469,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,12,16,11],"tags":[472,105,469,224,181,470,471],"class_list":["post-468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-construction","category-commercial-general-contractors","category-design","category-general-contracting","tag-commercial-build-outs","tag-commercial-construction","tag-commercial-expansions","tag-commercial-general-contractors","tag-commercial-remodeling","tag-franchise-construction","tag-new-construction-commercial"],"_links":{"self":[{"href":"https:\/\/www.bafcorp.com\/blog\/wp-json\/wp\/v2\/posts\/468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bafcorp.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bafcorp.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bafcorp.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bafcorp.com\/blog\/wp-json\/wp\/v2\/comments?post=468"}],"version-history":[{"count":3,"href":"https:\/\/www.bafcorp.com\/blog\/wp-json\/wp\/v2\/posts\/468\/revisions"}],"predecessor-version":[{"id":1704,"href":"https:\/\/www.bafcorp.com\/blog\/wp-json\/wp\/v2\/posts\/468\/revisions\/1704"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bafcorp.com\/blog\/wp-json\/wp\/v2\/media\/469"}],"wp:attachment":[{"href":"https:\/\/www.bafcorp.com\/blog\/wp-json\/wp\/v2\/media?parent=468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bafcorp.com\/blog\/wp-json\/wp\/v2\/categories?post=468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bafcorp.com\/blog\/wp-json\/wp\/v2\/tags?post=468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}