The growth of a company can tell its success through the accomplishments it achieves through time. It can be small, like starting a business in your home, and then you grow into a company having a building. If you are to go in these phases, it will be essential for you to catch up with the trend, and thus needs renovation.
In this fast-paced world where everything changes, innovation is necessary, especially for your building. The company building serves as a frontline asset with your investors, clients, and even your employees. So from time to time, you are required to check if it is for renovation, remodeling, or rebuilding.
To help you decide with this, here are some facts you need to know when to renovate, remodel, or rebuild your building:
Is it the right time for a renovation?
Renovation is the act of renewing your building by enhancing and fixing the space you have in the present. It is the least invasive process and cheaper than remodeling. Moreover, it adds more value to your property.
If your building needs repairs, improvements with the aesthetics, or you need additional components (e.g., fixtures, surface-mounted panels, etc.), this is the best choice for you. It is cost-efficient, but it can also improve your employees' performance in the new environment.
Is it the right time for remodeling?
Remodeling is the process of changing the entire structure or layout of the building. It requires more budget, process, and work than renovating. Remodeling is needed if you missed the primary component that needs to function in your building- such as adding plumbing and adding access doors.
If you need more space for your employees or expand your area for functional purposes- this is the right fit for your building plans. You can break walls to welcome a bigger office room or perhaps add more walls to divide. Moreover, this works well if your building is old enough and lacks some area for storage rooms or adequate bathrooms. Remodeling should help you with these problems.
Is it time for rebuilding?
Rebuilding is a construction of a new building from scratch to a whole new one. It is more tedious and costly than renovating and remodeling. Here, you will change everything and tear down the entire structure.
Your building needs this if you want a total makeover for your company. You may consider this as well if a professional told you so for the safety of everyone. Let us say an earthquake hits your area and creates cracks or damages in your building's foundation; then, it is time for you to rebuild it to have a stronger foundation. One of the reasons to consider is when the cost of renovation or remodeling is higher than rebuilding.
Whether you want to follow a trend, make a new statement, or focus on safety- it is still up to your budget and your capability if you would renovate, remodel, or rebuild your building. And of course, it should meet your preferences and the needs of your employees. The most important note is that you do not sacrifice safety over beauty.
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