Planning for a commercial property renovation cost might be daunting for some new business owners, or those who have never undertaken a renovation project before. Knowing the commercial property renovation cost can help you stay within your budget and ensure that you are meeting all of the necessary requirements for commercial property renovations.
The commercial property renovation cost can vary depending on the size of the space, what kind of renovations need to be done, and any additional materials you’ll need. Below are some costs to consider so you can plan accordingly.
Cost of Plumbing
Factor in the money for plumbing in your commercial property renovation cost. While simple plumbing jobs may not cost too much, more extensive plumbing projects can add up. To make sure you have enough set aside, be prepared to spend between $3,000 and $10,000 for commercial plumbing services. In addition, your plumber might find an issue during their inspection. It’s always best to stay ahead and prepare for renovations yourself by conducting a thorough investigation. You can also contact a leak detection service to help you out with simple issues.
Leaks can be due to various issues, including plumbing problems, roof damage, and even a faulty boiler. If you know the issue ahead of time, it could save you money in commercial property renovation.
Cost of Roof Repair
Speaking of roofs, you’ll also need to contact a roof repair company to check for any loose tiles or any other issues that may arise. Some commercial property renovations require more extensive roof repairs, such as replacing shingles and patching up holes. A commercial roof repair can cost anywhere from $2,000 to $10,000 depending on the complexity of the job.
In addition, if you’re planning on replacing your roof completely on a huge commercial building, your commercial property renovation cost could be up to tens of thousands of dollars.
Ask a contractor if they would be willing to conduct an inspection of your roof before starting any work. Doing an inspection beforehand is a great way to prepare and prevent any unwanted costs down the road. In addition, shop for different roofing materials. For instance, metal is a great way to keep your building cool, and while it is a bigger upfront investment, it’s often longer lasting than other roofing like PVC.
Cost of Company Kitchen Remodel
If your commercial building has a communal kitchen, you might need to save to pay for cabinet designs, countertops, and other kitchen remodel features. This commercial property renovation cost can range from $5,000 to $20,000 depending on the size of the space and what type of changes you’re looking to make.
When selecting a design for your commercial kitchen remodel, be sure to consult with an experienced contractor about the best materials for the space. You may need to invest in commercial grade appliances or commercial cabinets that are designed for a restaurant-like environment. In addition, you’ll also want to focus on plumbing in the kitchen, added storage, and commercial-grade flooring which can add an extra layer of durability and convenience to your commercial property renovation.
Cost of Furnace Inspection
You might already have furnace inspections done on your home’s furnace. However, it’s also vital for commercial buildings to get furnace inspections done on all of their commercial furnaces.
The commercial property renovation cost for a commercial furnace inspection can range from $100 to $400. You’ll want to check for any issues and make sure it’s in working order, or else you could be dealing with costly repairs in the future. Plus, a commercial furnace inspection can help you make sure that your commercial space is safe for occupancy.
If there are any issues with your furnace or it needs to be replaced, keep in mind a new furnace could cost up to $10,000. While this is a big investment, a furnace is essential to commercial heating, and it’s an expense you can’t avoid.
Cost of Septic Pumping
There are lots of septic pumping companies that can help keep your drinking water clean. Septic pumping commercial property renovation cost can range anywhere from $150 to $400 depending on how many tanks need to be pumped and what type of septic system you have.
It’s important to note that commercial septic pumping needs to be done on a regular basis, so plan to fit this commercial property cost into your budget each year
Replacing your septic system can be quite costly, ranging anywhere from $3,000 to $20,000. Again, this is an expense you may not be able to avoid. However, a new septic tank can improve your commercial property’s value and keep your drinking water free from contamination.
Cost of Redoing Siding
While you might think your siding is only for homeowners, there are other siding companies that can help improve the look of your commercial property’s exterior. Commercial property renovation cost for siding can range anywhere from $2,000 to $5,000 depending on the size of your commercial building and the type of siding you’re looking to install. Fortunately, smaller repairs such as painting or replacing a small area might cost less.
When selecting your commercial siding, be sure to discuss different options with a contractor and decide which is the most beneficial for your space. Not only does commercial grade siding provide extra protection from the elements but it can also increase the curb appeal of your commercial property.
Cost of Installing a Fence
Fence installations are common commercial property renovations and can be done to provide privacy, security, and more. The commercial property renovation cost for a fence installation can range anywhere from $1,000 to $10,000 depending on the size of your commercial building, the type of fencing you are looking to install, and any special features such as automated gates.
If you want to install security cameras or motion lights, commercial grade hardware may be necessary which can add to the commercial property renovation cost. It’s essential to discuss all of these options with your contractor before starting a commercial fence installation project. They can help you choose materials like chain-link or barbed wire fencing that are less expensive than other options, such as concrete or metal fencing. If you’re on a budget, ask about a free consultation to measure your property and give you a good quote.
Cost of Tree Services
Tree services are essential to maintain commercial property. Commercial tree services and commercial property renovation costs can range anywhere from $200 to $1,000 depending on the size of your commercial building, the complexity of the project, and any special features such as removal or trimming.
If you’re looking to save money, it’s worth considering a consultation with a professional tree service. An arborist service can recommend whether you need tree trimming or tree removal services. For instance, if the tree is too close to your commercial building, it may need to be removed. An arborist can also identify any potential risks or hazards and suggest solutions that are within your commercial property renovation cost budget.
It’s best to leave tree trimming and removal services to the pros. They will know how to safely remove or trim a tree without damaging the commercial property and endangering any pedestrians or vehicles.
Cost of HVAC Repair
Whether your business has central heating or heat pumps, AC repair service commercial property renovation cost can range from $200 to $10,000 depending on the type of commercial HVAC system you have and what repairs are needed. For instance, fixing an issue with a heat pump, like replacing a filter, costs much less than needing to redo your ductwork or upgrade to automated systems.
An HVAC technician can inspect your commercial property and help identify any issues with the system. If a repair is needed, they can conduct heating repair and air conditioning repair commercial property renovation cost in a timely manner. If the commercial HVAC system is old, it may need to be replaced as a commercial property renovation project which can increase commercial property renovation cost significantly.
Cost of Upgrading Security Systems
The commercial property renovation cost for security systems can range anywhere from $500 to $5000 for commercial properties. Depending on the size of your commercial building, you may need to install additional features such as cameras and motion detectors which can add to the commercial property renovation cost. Professional installation is highly recommended since it ensures that all components are installed properly and securely.
An upgraded security system helps protect your commercial property from theft or vandalism. It’s also useful if you have employees working late hours or if you’re monitoring remotely.
Getting regular check-ups on commercial security systems is essential in order to maintain the proper functioning of the system and help lower commercial property renovation costs over time. It’s worth considering a consultation with a professional security expert who can evaluate your commercial property and recommend security solutions that are within your commercial property renovation cost budget.
Cost of Painting
Painting is one of the most common commercial property renovation costs because it helps improve the aesthetic appeal of a building. Depending on the size and complexity of your commercial space, painting can range from $500 to $3000.
It’s worth considering professional help for larger projects as they will be able to paint with precision and efficiency. Professional painters can also offer helpful advice about which types of paint are best for your budget and type of building. For instance, stucco will require different painting than vinyl siding. They can also provide options for eco-friendly paints that are more cost effective in the long run. With a little research and planning, you can find ways to save money when tackling a big painting project as part of your commercial property renovation costs.
Cost of Landscaping
Landscaping can add value and curb appeal to your commercial property. Depending on the size of your project, landscaping commercial property renovation costs can range from $500 to $20,000. If you’re looking for ways to save money, consider tackling smaller projects such as planting trees or installing a retaining wall by yourself.
However, if you want professional help with landscaping, it’s best to hire an experienced landscaper who can provide guidance and advice throughout the process. They will be able to recommend which plants are best suited for the climate and soil of your area as well as advise on any potential safety hazards that need to be taken into account during the project. A professional landscaper can also provide tips on how to get the most value out of your commercial property renovation costs.
Cost of Bathroom Renovations
Bathroom renovations can often be a major part of commercial property renovation costs. Depending on the size and complexity of the project, bathroom renovations can range from $1000 to $50,000 or more.
If you want to save money with your bathroom remodel, consider tackling smaller projects such as replacing outdated fixtures or updating tile walls by yourself. If you need professional help, it’s best to hire a contractor who has experience in the field. They will be able to advise on which materials are best suited for your budget and provide guidance throughout the entire process.
For instance, they can recommend the most cost effective plumbing fixtures or suggest which tiles are best for your bathroom floor. A professional contractor can also provide advice on how to get the most value out of your commercial property renovation costs.
Overall, there are many factors that can affect the commercial property renovation cost of any project. It’s important to do research and plan ahead to ensure you can stay within your budget while still getting the desired outcome for your newly renovated space. By understanding what goes into a commercial property renovation cost, you can make informed decisions about how much to invest in each project and get the best value for your money.
