Whether you’ve just purchased a commercial business property or are investing in real estate, tenant improvement construction can be a great way to not only increase your property’s worth but also keep its occupants happy. However, the success of a tenant improvement construction project hinges on several things, so Genesis Construction is here to provide some tips for you.
Begin with the Budget
Every solid construction project starts with a clear, detailed budget that includes everything from the design to the construction. Plan realistically by giving yourself a range rather than a set number, that way you can navigate any unforeseen expenses without going overbudget.
Consider a Design/Build Company
Rather than hiring one company to design your tenant improvement construction project and another to build it, hire one that does both. There are many construction companies out there that specialize in building projects from the ground up.
Communicate with Your Contractor
Staying in touch with your tenant construction contractor is important. It’s ok to let them know that you want to stay informed and work closely with teams during the preplanning phases. Doing so will give you a great general overview that you can communicate to any stakeholders.
Get Permitting & Zoning Insight
Any reliable commercial contractor will be able to help you with all of the local building regulations and ordinances in place in your area. They’ll have direct knowledge and help you navigate through all of the legalwork as quickly and as smoothly as possible.
Think Both Short & Long-Term
Keeping an open mind and thinking about both short-term renovations and ones that can wait can help make your tenant improvement project easier and more affordable. Are there some things that can be done next year? Perhaps they should wait until then. For those with multi-year leases, this can be especially useful, enabling you to do your tenant upgrades in phases to always ensure the highest workmanship and materials are used.
Contact us for your next tenant improvement construction project!
If you want to work with a team that has decades of experience in commercial construction and renovations, contact us online today or call (847) 895-4422. We also specialize in restoration solutions and construction for multi-family residential units and apartment complexes.
