Are you a small business owner and now able to afford new space for your company? If so, you have come to the right place.
Your new office buildout is one of the biggest investments one can make. That being said, it can also be one of the most beneficial investments. If done right, it may increase productivity, raise your reputation, and improve sales.
So, how can you get the most value out of it? Keep reading and see our guides below.
Set Your Goals and Priorities
Ahead of time, it is important to set your intentions and priorities at the top of your list. What kind of image do you want to project to clients and customers?
You should think about how long you will stay. Is it only short-term or long-term? Do not forget your planned timeline and budget, as well as office space strategies that can boost productivity. Consider several proposals and compare which plan suits your needs.
Office Buildout Approach
The buildout you will make can have a huge impact on the work environment.
There are two buildout approaches, which are Turnkey Buildout and Tenant Improvements. The landlord funds and carries out the buildout based on your specifications, which seems to be very tenant-friendly. However, you cannot really ensure the quality.
On the other hand, Tenant Improvements have the upper hand in the project. This is usually preferred by tenants since you have the freedom to choose contractors and you can supervise the quality and budget.
Office Buildout Layout
Try to maximize the floor plan according to the size and layout of your space. There are some layout types of offices such as Open-Plan, Private, Cubicle Layout, etc.
The Open-Plan type is designed to promote communication and collaboration between employees. It also allows for easier monitoring of employee activity and flexible seating arrangements.
A private buildout permits you to customize the space to fit your specific needs. When designing this layout, think of how you’ll move throughout the space and what type of work will be done there.
The most cost-effective and widely used type is the Cubicle. While maximizing the areas, it provides privacy and personalization.
Estimate The Potential Cost
Although you want to have fewer expenses, you should not compromise the quality of design, fixtures, and technical and security infrastructure.
Buildouts can either be simple or complex, and they will impact the overall cost. A simple buildout may just involve painting and adding some new furniture, while a complex one could involve a complete renovation. The level of complexity will also impact the amount of time it takes to complete the project.
Once you have a general idea of the cost, you’ll need to compare it to the potential value of the finished project. This can be done by considering the rental rates for similar office space in your area and estimating the income that your new office could generate. If you have a limited budget, find ways to learn more about how you can deal with it effciently.
Maximize Value Out of Your New Office Buildout
Now, you already have insights on how to get the most value from your new office buildout.
Make sure to consider all of the potential uses for the space and how to best utilize them. By doing so, you’ll be able to create a space that meets all of your needs and can be enjoyed not only by your employees but also by clients.
If this helpful post gave you the info you needed, check out more articles like this one from our business blog.
