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What Every CEO Should Know About Building a Commercial Building

by Olufisayo
building a commercial building

Did you know that by the year 2050 commercial building floor space is predicted to reach 126.1 billion square feet? This is a 36% increase since 2018. Are you considering building a commercial building yourself? 

You are in the right place! Keep reading to learn everything you need to know about building a commercial building nowadays.

Size Matters When You Are Building a Commercial Building

The first thing you have to do is decide how much room you need for your business and your needs. Make sure you take into account the number of rooms you need and how big each room needs to be.

The size will matter when you begin construction, you do not want to build smaller than what you need and find yourself in a bind halfway through construction. You also do not want to build too much and find yourself in over your head. 

Think About the Future

While you have to think about the present and what you need in order to have your building up and running as soon as possible you also want to take the future into consideration. While you can’t predict everything about the future it is good to have a plan to accommodate expansion should you need to expand later on. 

       

Business needs typically change and you might either need more room or need to go through a remodel in the future. 

Permits

Every state and county is different, make sure you do your homework on what permits you will need for your build. You do not want to start building without having all of your permits in place because missing just one permit can put a big wrench on construction time and even money if you are charged any extra fees. 

Builders

You want to take time choosing the best building team for your commercial building. You do not want to put just any construction company in charge of your building because this can spell out disaster in the future. Do your homework and make sure they are licensed and insured. 

Choosing the best contractor is crucial for your project to be successful. Do not be afraid to ask how much experience they have with building and designing commercial buildings. Check the contractor’s licenses per the laws in your area and their proper contractor registrations where the build is happening. 

We recommend asking for a list of references as well from any previous clients. Call the references and do not be afraid to ask them if you can go and see and possibly take a tour of the building the contractor built for them.

       

Something else you will want to double-check is if the builders are up to date on current construction methods. Having knowledge about things like roller compacted concrete benefit will let you know if they are up to date and in the know. It’s a new decade and you want to make sure to hire a builder that is caught up with the times and not building styles of the ’80s (unless that’s what fits your business needs).

Communication

If you want your commercial building build to be successful you have to have great communication between everyone. From the project manager to the subcontractors to the contractors to the designers and the architects. It is vital for everyone to be on the same page at all times.

Having good communication will make the entire building process go much smoother and will save money and time.

Energy Efficiency

If you want to save money, in the long run, make sure to build and design for energy efficiency. This will mean higher profits for you in the future and will also mean that you are helping the environment in the process. 

If you are known for having an environmentally friendly building your clients will more than likely be more inclined to do business with you rover your competition because you are showing commitment to positive environmental impact. 

       

Efficient Construction Time

While you are going through your design process opt for construction techniques that are going to save you time during your build. The more planning you do when it comes to reducing your construction time the lower your costs will be in the future when it comes to building time. 

This will also mean that you will be able to open your doors sooner and in turn begin earning money faster as well.

Budgeting

Make sure you are well aware of how much money you want to spend on this build. This will help you know how much financing you will need to apply and acquire ahead of time. Not only will you want to have a budget but you will also want to budget money in for anything unexpected. 

Things will always come up and you want to make sure you are prepared for anything that comes up last minute. A good rule of thumb is to add an extra 5-10% to the budget for emergency unforeseen expenses or as a reserve. 

Ready to Start Construction?

Now that you are aware of everything you need to know about building a commercial building, are you feeling ready to start your own build journey? Now it is time to take action, start the research and planning phase and start building your dream commercial building.

       

We understand that this can be an overwhelming process but hopefully, you are feeling better equipped with new knowledge.

Did you find this blog post helpful? Make sure you check back soon for everything entrepreneur related! 

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