Remodel or build new? How to make the right choice for your business
Businesses are facing a critical decision: invest in a brand-new facility or remodel an existing space, or remodel an existing space with a well-planned addition. With rising material and labor costs, many companies are finding that remodeling is a strategic and cost-effective alternative to new construction. As experts in commercial renovations and remodels, we’re here to help you understand your options and make the best choice for your business. Key factors to consider:
Cost efficiency
New construction often demands a heavy upfront investment in areas like materials, labor, various trade partners and permitting. Additionally, there’s the expense of land development and infrastructure, which can elevate costs even further.
Remodeling, on the other hand, provides an opportunity to repurpose and reinvest wisely. By working within the framework of an existing structure, businesses can achieve significant savings. Here’s how:
- Minimized Material Costs: Remodeling leverages what’s already there. Instead of starting from scratch, materials can be salvaged, reused or adapted, resulting in both cost and environmental benefits. In this current day and marketplace, the as-built value of nearly any structure is a game changer.
- Reduced Labor Hours: Skilled renovation teams can often work more efficiently by focusing on strategic updates rather than building from the ground up, along with implementing an adjacency and flow pattern with new additions.
- Streamlined Permitting: Unlike the lengthy and complex approvals required for new builds, remodels often involve fewer regulatory hurdles and generally speaking a faster timeframe.
Time constraints
Time is money in any industry. A remodel or renovation project can often be completed in a fraction of the time compared to new construction, allowing your business to stay operational with minimal downtime for continued production and overall operations.
Some may think a remodel means shutting down operations, relocating employees or adjusting business hours. But with careful planning, a remodel can be phased to keep your business running smoothly while work is being completed. At Ellis Construction, we take pride in completing projects without disrupting operations, while also focusing wholistically on adjacency safety, noise and dust control.
Sustainability and environmental impact
Repurposing an existing building can support company sustainability initiatives by reducing demolition waste and the need for new materials. Additionally, updating insulation, HVAC systems along with lighting and electrical systems, can improve energy efficiency, which ultimately saves operational costs.
Functionality and space optimization
Many existing buildings can be reimagined to meet modern business needs. Whether it’s an office layout redesign, upgraded technology infrastructure or enhanced aesthetic appeal, a remodel allows you to optimize space without starting from scratch. It’s important to really consider why your organization needs a new space – are you outgrowing your space physically, or is it time for an updated use of the space?
When to consider a new build
While remodeling has clear advantages, some situations simply call for new construction. If your current building is structurally unsound, does not meet safety codes, is landlocked or lacks the flexibility to support business growth, building new may be the better long-term investment. There’s a tipping point where the cost and investment required make new construction the smarter, long-term choice – and Ellis Construction is here to help you evaluate that decision and plan with confidence.
Partner with a trusted commercial remodel expert
Successful remodeling is as much about foresight as it is about execution. The benefits of remodeling multiply when business leaders work with a construction partner hand in hand to evaluate your current business model and flow of operations. Our team at Ellis Construction specializes in transforming existing commercial spaces into modern, efficient and cost-effective environments. When you partner with us, we help you plan your new space from the very beginning.
Whether you’re looking to refresh your office, retail space or industrial facility, our Design-Build team is here to guide you through every step of the remodeling process.
Reimagined for tomorrow, Built Right™ today.
Ready to discuss your project? Contact us today to explore how we can help you maximize your space while minimizing costs.