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When it comes to upgrading interiors, you generally have three choices—first, purchasing a new property and designing it according to the latest trends—second, renovating your current space with the help of commercial building contractors—and third, constructing a new building.
Many commercial property owners are confused about whether they should demolish their old building and build a new one or renovate the existing one. While some claim that renovation is more expensive than a new build, others believe the opposite.
However, the right choice depends upon your personal goals and other associated factors. These factors include costs, designs, the latest trends, and the duration of that renovation.
So, if you’re confused about what to choose- a ground-up construction or renovation, here’s a guide for you. Continue reading to determine which option is suitable for your project.
Which Is More Cost-Effective?
Is interior remodeling more cost-effective than building new? Not always. While building new construction might require you to spend a lot of time installing various utilities and supervising all the site work, renovating an old building can cost you more.
You’ll be required to upgrade your building as per the guidelines and incorporate trendy designs, which could add to your expenses.
But, if you own a building built in the recent decade, renovating it is undoubtedly a feasible option. It will take less time and cost you less.
What About Duration?
Before you get started, you have to ask yourself how long you have to complete the project. The project’s duration depends upon several factors like the project’s scope, the existing building’s condition, and whether the normal activities of your office will continue simultaneously or not.
It’s pretty apparent that ground-up construction will take more time than renovating an already existing building. The builders would have to start from scratch and require more time and labor. But, if you go for
Moreover, you would have to develop a new theme that your office would be based on. So, in addition to the builders asking for more time, you would have to do your research, which would be extremely time-consuming.
Contrary to this, renovating your offices will provide the professionals with a road map as the basic structure would already be in place. Moreover, the construction team would have less work to do. While renovating the office, you must consider that your team would have to work alongside the construction. They must carry out their daily activities while the renovation is still ongoing. So, it’s a fairly good option if you think your work won’t be affected. But, if you are having doubts about this option, you could shift your office to a temporary space for the time being.
Which One Offers More Functionality?
A new building would allow you to incorporate everything according to the new designs and include installing sleek and modern elements. Also, a new building will offer more functionality than renovating an office. If your office has been built recently and requires a few upgrades, it is wise to go for the renovation rather than new construction.
Summing Up
If the key reason is initiating greater functionality and making your offices look modern, you can go with ground-up construction. However, if you are low on budget and want your dream office in a short time, renovating the space is a great option. While it might seem like you’re compromising with functionality, you can always talk to the contractors who will professionally guide you through the process and help you get the decor you desire.