Tenant improvement and construction projects can be quite painful and expensive. But, it can be important if your business is growing and you need to move to a new facility or office. Whether or not you have gone through this process, below are some tips to help you ensure a successful tenant improvement project:
Plan in Advance
Your tenant space construction project must start before you sign the lease. As you look for the ideal space, consider your budget, possible lease terms and restrictions, and timeline. Working with an experienced contractor ensures that you have someone on your side who is willing to help when you searching for properties before making a commitment.
Work with a Tenant Improvement Contractor
Choosing a tenant improvement builderthat can also offer the design for the space will let you reduce your overall costs. Also, this will minimize errors and delays during the buildout process, offering even more value and expanding your tenant improvement budget.
Prioritize Function Over Form
Keep in mind that your project is aimed at creating a space that meets the needs of your clients. It is a serious mistake to spend your entire budget on making the space look nice while overlooking you’re your business needs. Make sure to consider its compliance with the Americans with Disabilities Act, heating and cooling needs, the ability to up to local code in terms of fire alarms and suppression systems.
Work with the New Features of your Chosen Space
When it comes to tenant construction projects, you need to be flexible and work with the new space’s features. Find creative ways to use the unique features instead of hiding them. Your contractor will help you by having possible upgrade options available to enhance your space while keeping costs under budget.
Think Now and Long Term
With a multi-year lease, you may need to do all commercial renovations at once. You can upgrade in stages so you can afford higher-quality materials and huge structural modifications. Thus, try to strike a balance between what want now and what you can afford in the future.
Get Help with Navigating Regulations
A reliable tenant improvement contractor understands permitting and zoning regulations as they deal with them regularly. Make sure to take advantage of their insider knowledge and delegate some of the legwork. The majority of tenant buildouts require getting approval from various regulatory agencies and your chosen contractor will take care of them for you.
