How to Save Money During a Commercial Renovation

A commercial renovation can be both exciting and nerve wracking.  Exciting because your business is getting a facelift that will ideally make it look and function better.  Nerve wracking because you’ll be spending money that won’t provide an immediate return.  And it might possibly disrupt the operations that provide your income.  Keeping costs low is often a primary concern when it comes to situations such as this, so in an effort to help we’ve created an article about how to save money during a commercial renovation.

Plan 

Having a plan to begin with will ensure you remain focused on what matters most – your priorities.  A well thought out (and ideally written) plan provides you and all other involved parties a template to refer to and work from.  The definition of your priorities, goals and desired results in clear terms will ensure the work stays focused while reducing unnecessary costs, delays and other issues.  Prioritizing and effectively communicating what needs to be done establishes a blueprint that everyone involved can adhere to.

 

Budget

Knowing how much money you have to spend from the outset will reduce how much you actually spend to get the job done.  Rushing into a commercial renovation without a budget is akin to writing a blank cheque.  Or a bouncing one!  Budgeting is in its very nature restrictive.  It establishes a limit that bounds the amount of money that will be spent by you and those involved.  A common understanding of that limit will dictate how everything proceeds and how the job is done.  Being upfront with your budget will guard against money being wasted.

 

Recycle

When approaching a commercial renovation, it’s good to understand that not everything needs to be brand new.  Reusing and recycling materials and equipment that you already have on hand can significantly reduce the amount of money you spend.  It could be anything from building materials to plumbing to ventilation systems to electrical works to furniture.  These things don’t necessarily need to be replaced.  Of course, if you’re upgrading your HVAC units or improving your plumbing it’ll be necessary to bring in new equipment, but there’s no reason to replace everything if your focus is on a specific system.  Think it out and try and be inventive when it comes to repurposing material that might otherwise end up in the landfill.

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George Nela
George Nela
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MMD Construction built us retail space on the second story of our current store space. Dino and his team built walls, cut out spaces for internal windows, ran wiring, installed lights, and put down floors. The job was done timely with minimal disruption to business and we now have a functioning business up on the second level. Thank you!
Ben Adelman
Ben Adelman
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MMD is one of the best companies I have had the pleasure to work with. Highly professional from start to finish, available any time to meet or speak with you. MMD has a great team that meets deadlines and delivers. One of the things that I liked about working with them was that they were very experienced and anticipated any possible complications. They were fully transparent from the beginning of the process, so there were no surprises later.
Alina T.
Alina T.
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We’ve done 2 projects with MMD Construction. The high standards of the company are reflected by their employees and the trades they work with. MMD's team delivered our design & build project on time and on budget. If we have a third project in our future, you can be assured that we’ll work with MMD Construction again!
David Lee
David Lee
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We recently used Dino and his team to do a commercial build for our interior space. They were very professional and knowledgeable. MMD was able to deliver our job ahead of schedule and on budget. Great people to work with. We would hire them again in the future and would recommend them for your next job.
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