How to Determine the Cost of a Commercial Renovation Project

8/12/2021

Renovation is more than just a coat of paint; it’s the process of reimagining your existing footprint to create a space that benefits your business. Business owners might want to remodel their storefront or office but are wary about potential renovation costs. The good news is, determining the cost of your project is a pretty simple equation.

The cost of your commercial renovation project will depend on a few factors. The square footage, the renovation plan, and the company you hire will help determine the cost of your project. Remodeling your business can beautify the space, making it more appealing to customers. If you’re worried that unforeseen costs will threaten your budget, there are a few ways to prevent that from happening. For an enjoyable renovation process, it’s important to work with a team that respects your budget and your time.

Since 1990, D’Lauro and Rodgers has been offering our clients unparalleled contracting services and results. Our commercial contractors are dedicated to remodeling spaces to benefit our clients’ businesses. To discuss your project and learn more about the commercial renovation contractors at D’Lauro and Rodgers, call us today at (215) 542-0100.

What is the Cost of a Commercial Renovation Project?

Deciding to renovate your commercial business could help its success. Creating a space that works for owners, staff, and customers can boost your business’s morale and revenue. Before choosing to renovate your business, understanding the variables related to pricing is important. It can help you complete a renovation that is in line with your budget without compromising your most desired features.

To get an indication of the cost to renovate your space, measure its square footage. Most contracting companies will estimate renovation costs based on the size of the space. You might be priced per square foot. So, the larger the space, the higher the cost, generally.

What are your commercial renovation plans? Are there specific amenities you want? Personalized features? The more complex your plan is, the more expensive it will be. However, the point of remodeling is to reimagine a space to fit the needs of your business. When you are looking for a contracting service, try to find one that will work within your budget to meet your goals.

The last major factor in determining the cost of your commercial renovation project is the contracting company you hire. The wrong company may try to alter the timeframe of the project or the budget itself. When you’re hiring a service, be very clear about your intentions and expectations. The team of experienced commercial renovation contractors at D’Lauro and Rodgers can work with you to create the ideal space for your business.

There’s one more thing to keep in mind: material costs. Prices often fluctuate, so if you choose to remodel and the cost of materials is too expensive for your budget, you can postpone renovation and check again at a later date. At D’Lauro and Rodgers, we appreciate that it’s important for all businesses to keep their project within budget. So, if the project’s current cost is too high due to the price of materials, we understand.

How Can You Mitigate the Cost of a Commercial Renovation Project?

We’ve all heard the stories. The renovation was going great until an unforeseen cost arose that caused the project to go over budget. Some contractors may claim that the cost was inevitable, a hazard of the remodeling process. For most businesses, staying within budget can be very important. Once you’ve agreed on a cost with your contractor, there are a few things you can do to try to prevent the project from becoming more expensive than you anticipated.

Communicate with Your Contractor

Consistent communication is necessary throughout your renovation. Checking in on the progression of the project can help prevent unnecessary costs. The right contracting service should welcome your interest in the renovation. Being communicative can keep you up to date on any potential issues, which can mitigate the cost.

The commercial renovation contractors at D’Lauro and Rodgers value open communication with our clients. Being on the same page as one another can benefit both of us. It can help avoid miscommunication and prevent any confusion over cost.

Prepare for Problems

It would be nice if every renovation process went smoothly. Unfortunately, sometimes issues can arise that increase the cost of the project. Maybe a pipe burst and a room flooded. Whatever the problem, sometimes it can be unpreventable. When that happens, it can greatly affect your budget and how the project proceeds.

For that reason, it can be beneficial to plan for a potential increase in budget. So, factor it in. When planning your project, allowing some space for error in your budget can help prevent financial hurdles should an issue occur. For most businesses, going drastically over budget can harm their success. Preparing for the possibility that the cost of your renovation might increase at some point throughout the remodel can help you handle it if it happens.

Hire the Right Company

So, you outlined your project, you know what you want, and you are searching for the right contracting service for the job. Never settle for a contractor you can’t trust. It’s best to work with a company that understands the project’s requirements and respects your budget.

For over 30 years, the team of commercial renovation contractors at D’Lauro and Rodgers has been working with our clients to renovate, remodel, and reimagine commercial spaces. Our success is founded in our client-oriented mindset. When you hire D’Lauro and Rodgers, we’ll work together on your commercial renovation project and create a space that you’ll love.

Call D’Lauro and Rodgers for Your Commercial Renovation Project

Your commercial renovation project is in trusted hands when you partner with D’Lauro and Rodgers. To discuss your project and learn more about our services, call the commercial renovation contractors at D’Lauro and Rodgers today at (215) 542-0100.

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