Are you thinking of commercial building restoration? This could be a game-changing move for your business!
Research from the University of Manchester shows that a well-designed and inviting environment impacts consumers’ purchasing behavior. Your establishment’s atmosphere can evoke emotions, stimulate the senses, and strengthen the bond with your company.
Consider investing in a makeover to create a unique and memorable experience for your customers beyond the product or service offered!
This article explores 7 key tips to make your retail building renovation successful. Check them out.
TIP 1: Define the purpose of the commercial building restoration
The possibilities are endless, Whether planning a remodel or a complete renovation. That’s why you should define your goals before starting your retail building renovation.
This ensures your efforts and investments are strategically aligned with the results you want for your business.
Consider factors such as:
- Local needs,
- Customer preferences,
- Required updates to stay competitive.
TIP 2: Evaluate the current condition of your space
Once you’ve set your goals, it’s time to evaluate your retail space’s current condition and determine the required improvements.
To make the renovation even more assertive, you can count on a professional to help you with this step.
However, be cautious!
Most professionals will prioritize electrical upgrades to improve energy efficiency. But pay attention to other essential areas such as flooring, painting, and roofing.
These areas are essential for the customer experience and for reducing energy consumption.
TIP 3: Set your budget carefully
Now that you know which changes to make, it’s time to set a budget for your commercial building restoration. Consider the following aspects:
Renovation costs
List the costs of building materials, labor, licenses, and permits required. Fully understanding these expenses will help you avoid surprises and maintain control of your spending.
Price research
Compare prices from suppliers and get quotes from various professionals. This will secure the best deal on materials and services, which can positively impact your final budget. We’ll cover more on this later!
Contingency fund
Unforeseen issues, such as repairs to plumbing or electrical wiring, are common in renovations and can increase expenses. Set aside a contingency fund in your budget to cover unexpected costs.
Operating expenses and maintenance during the retail building renovation
Consider additional costs during the renovation, such as electricity, water, and security (if necessary). These details can increase costs, especially in extended projects.
Deadlines and rework costs
Plan to keep the work on schedule, but be prepared for extra costs if delays happen or the project requires corrections.
By considering these factors, you’ll create a more accurate budget with enough flexibility to manage unforeseen events, maximizing the financial return on your project.
TIP 4: Choose the right contractor
Regardless of your project’s goals, the company chosen to conduct your project must be a specialist in retail building renovation. Additionally, the contractor should have experience with internal and external renovations and follow sustainable restoration practices.
Since your project is an investment, request portfolios and references from contractors you’re considering. After all, beyond cost-effectiveness, a reliable contractor maintains a good business relationship throughout the entire commercial building restoration.
What to look for in a contractor:
- Retail renovation experience
- Diverse portfolio
- Client references
- Relevant licenses and certifications
- Skilled team
- Adherence to deadlines
- Clear and efficient communication
- Detailed quotes
Goveias Construction offers all of this and countless other benefits of commercial renovation!
TIP 5: Set a schedule
This is one of the most critical stages and requires careful planning. Several factors directly impact your project.
For instance, avoid scheduling your renovation during peak seasons when high traffic could complicate logistics and affect the customer experience.
Instead, choose a less busy time of year and work with your contractor to minimize the renovation’s impact on sales during that period.
TIP 6: Take the opportunity to make your space more accessible and sustainable
Creating an accessible establishment is essential to ensure a positive experience for all customers.
How to make your space more accessible
- Install ramps with an appropriate slope at all entrances and access points.
- Ensure doors are wide enough to accommodate everyone.
- Adapt restrooms with grab bars and raised toilet seats.
- If your establishment has multiple floors, invest in wheelchair-accessible elevators.
Sustainability is also a crucial factor in attracting and retaining customers. Adopting sustainable restoration practices demonstrates your commitment to the environment and the future.
How to make your space more sustainable
- Use energy-efficient light bulbs.
- Invest in insulating materials to reduce energy consumption.
- Implement a waste sorting and recycling system.
- Install rainwater collection systems.
Remember: An accessible and sustainable space is a more pleasant and welcoming space for everyone.
TIP 7: Keep technological solutions in your plan
Technology has become a significant component of renovations, especially in commercial building restoration.
If you think technology can “only” be used to save energy, you’re mistaken. Technological solutions can transform your business in many ways. Here are some of them:
Automation
- Control lighting, air conditioning, and other systems with apps or voice commands.
- Install automatic doors and turnstiles for easier access.
- Use motion sensors to optimize energy consumption.
Visualization
- Digital screens can display information, marketing content, and multimedia.
Data analysis
- Security cameras with facial recognition can enhance security and personalize the customer experience.
- People-counting sensors can optimize layout and service.
- Data analysis software allows you to understand customer behavior and make more strategic decisions.
Customer experience
- Apps and reward programs.
- Virtual reality to create interactive experiences.
Investing in technology will transform your establishment into a smarter, more efficient, and more appealing space for customers.
Ready to transform your space?
With these tips, your commercial building restoration will be a success, offering an improved customer experience and strong financial returns.
If you’re looking for the ideal partner for your project, the Goveias team is ready to assist.
With extensive experience in large-scale construction projects, Goveias Construction is one of Massachusetts’ leading companies specializing in retail construction.
Want to know more about our experience or request a quote? Contact us!
