Commercial Fitouts in Brisbane: Creating a Budget for Your Project
No matter what products or services you offer, it is very important that you keep the interior of your commercial premises well-designed and tastefully decorated. How a commercial space is designed can say a lot about the business itself. It can also affect how your customers perceive your business, so if you want your business to succeed, you need to make sure that your Brisbane commercial interiors look great and are carefully designed.
If you are planning to give your office a makeover, you should know that there are a number of factors to consider to make sure it’s a success. Apart from planning every miniscule detail of the redesign project, as well as choosing the interior designer and fitout specialist to hire, it’s essential that you know your budget. After all, the scope of your project will mostly depend on your budget, and how much money you are willing to spend on renovating and refurbishing your commercial space.
A Few Things You Need to Think about Creating a Redesign Budget
Need help creating a budget for your upcoming redesign project? Here are some practical pointers to help you out.
1. Make sure your budget is realistic.
When renovating your commercial premises, the last thing you want is to run out of money while halfway into your project, and then realise that there is no money left for other important business expenses such as the wages and utility bills. For this reason, it is a must that you ensure that your budget is realistic. Don’t spend money that you don’t have just to make sure your commercial space will look great and attractive because it is one of the quickest ways for a business to go under.
2. Equip yourself with proper knowledge.
Because renovating commercial spaces is not your forte, it can be challenging for you come up with a realistic budget for your project. To have a solid idea of how much it will cost to renovate the space, it certainly helps to do some research. Ask fellow business owners about their experience or search the Internet for valuable resources. You can also call a few experienced commercial contractors or designers and see if they can provide you with estimates based on how you were thinking to refit the space.
3. Hire a design/fitout team and involve them in the planning stage.
Many small business owners can be reluctant to seek professional help, thinking that it will only increase their expenses. What they don’t realise is that hiring interior design and fitout specialists can actually help minimise their expenses.
Experts in commercial or office fitouts in Brisbane have something that most business owners don’t have. They have an extensive knowledge and experience in commercial office fitouts that comes from running these projects in the city for years. As a result, they know better than anyone the cost of renovating and refurbishing your office space. Seeking their guidance and involve them in the planning stage to prevent you from making costly mistakes that could cause you huge problems and expenses in the long run.
What to Consider When Creating Your Budget
When creating a budget or financial plan for your redesign project, there are many factors you need to consider. Below are some of them.
1. The cost of hiring fitout and design specialists.
If you have decided to enlist the services of fitout experts, you should take into account the cost of hiring them. Check to see if they charge you additional design fees or project management fees, and factor these into your budget.
2. Cost of materials to be used.
Make sure to include the cost of construction materials and supplies that will be used in the project. To save time and effort, you can consult the designers you’ve hired.
3. Demolition costs
In case you’re planning a total makeover or you are moving to a previously occupied space, it is very likely that you will have to do some demolition work. Be sure to include the cost of removing existing structures or fixtures from your commercial space in your budget. Meanwhile, if you want to minimize your demolition expenses, here’s a quick tip: consider salvaging or re-using some of the original interior space. Because demolition costs usually depend on what is being removed, you can save a lot of money if you’re going to preserve some of the space’s original design.
4. Cost of new furniture
If you’re renovating your commercial space, it makes perfect sense to get rid of old furniture pieces that don’t match the theme and design of your space and to invest in new furnishings. To avoid overspending, see to it that you include the cost of buying new furniture in your budget.
5. Miscellaneous expenses/contingencies
Even if you have planned everything well, there might be certain situations that will cause you to tweak your project. Taking miscellaneous expenses into account when creating your budget can help you prepare for and deal with any unforeseen changes.
Remember that redesigning your commercial space and having great commercial space is considered an investment in your business. Know how to spend the money wisely to ensure the success of your project and generate good investment returns for the future.
For more information and assistance on commercial fitouts in Brisbane, contact the experts Urban Group on 07 3620 8500