When You Are Ready To Expand Your Business, Should You Go With A New Build Or Remodel. The Pros and Cons When Making A Choice
As the economy continues to rebound, modern and unusual business models have given many entrepreneurs the opportunity to experiment with starting their own companies.
From e-commerce to food trucks, we’ve seen a virtual explosion of new businesses, which in turn, gives 
consumers access to innovative products and services they may never have experienced otherwise. While these unique business models offer an excellent platform for start-ups, what happens when their success outpaces their current facilities? If your business is poised for growth, and you’re ready for your own location or production facility, the commercial contractors at De La Riva Construction, Inc. want to help you create a space that supports your efforts for years to come.
When considering commercial construction possibilities for your expanding business, you can either build an entirely new site, or you can remodel an existing facility. Both options have their benefits and drawbacks:
New Builds:
Pros:
- You can completely customize your building to your exact specifications, which is especially helpful for highly specialized needs
- All of the warranties for your systems and equipment will help keep maintenance costs down for some time
- You can capitalize on tax breaks for things like energy efficient construction materials
Cons:
- Often costlier at the outset, which can be prohibitive for businesses without a solid financial base
- Depending on the area and unless you already own the land, securing the best location for your business can be a challenge
- Represents a large undertaking which will take significantly more time to completion.
Remodels
Pros:
- Can be much more economical than entirely new construction
- May be easier to secure a desirable location for your business
- Still offers plenty of opportunity for customization
- Provides goodwill for your community, especially if you are improving a less-than-appealing property
Cons:
- Existing properties may have hidden issues that could unexpectedly increase your construction costs, like asbestos materials or systems not up to current codes.
- You may need to be more creative in your facility layout since you are constrained by the existing space
- You may sacrifice energy efficiency if you choose to keep certain original materials, or you may need special-order items to match older construction dimensions
Whatever your needs, our team can help you take your new business’s operations to the next level, which will help you build your brand. As specialists in commercial and industrial construction, we have the experience to create the perfect facility for you. To schedule a consultation, contact our team today!