Renovation Take For a Commercial Location
There are many factors to consider when determining how long a renovation should take for a commercial location. These include the intended use, market conditions, and the size of the project. A general contractor will work with you to determine the best time frame for the project, but they can also estimate the amount of time the renovation is likely to take. You should talk to your staff and have them provide input on what they’d like to see changed in the building. This can help you determine the best way to maximize your construction budget.
Depending on the scope of the renovation, the time required to complete the project will vary. A small update can be completed in a few weeks, but a larger renovation can take several months. A commercial building can cost between $40 and $250 per square foot, so a reasonable budget is essential for a project. A good rule of thumb for cost is to allow for 15 percent of the total cost to be allocated to the renovation.
How Long Should a Renovation Take For a Commercial Location?
The duration of a commercial location renovation depends on the scale and scope of the project. A simple update can be completed within a couple of weeks, while a complex remodel can take up to eight months. During the renovation process, the building will undergo multiple inspections, including the foundation, electricity, plumbing system, and more. Then, once the renovation is complete, the building will need to pass a punch list, showing all of the work that needs to be done and any areas that need improvements.
When choosing a contractor for your renovation project, remember that the cost of the project will depend on the scope of the project. Smaller projects can be completed within a couple of weeks, while larger ones can take up to eight months or more. And, remember that the cost of a commercial location remodel can vary dramatically, ranging from less than $40 per square foot to as much as $250 per square foot. Depending on your budget, you may want to stick to a more affordable renovation timeline.
Once you have decided on the scope of the project, you need to consider the cost. If the space is in good shape, the renovation may only need cosmetic changes. If the space needs major repairs, a new space will need to be built. The budget should be 15% to allow for the entire cost of the renovation. If the project is larger, you will want to include more money in the construction budget.