A common myth that many business owners and executives believe is that an office redesign is a significantly – and as such prohibitively – costly project.
Yes, while it is true that some major office redesigns can cost hundreds of thousands and even millions of dollars, this is by no means the “entry fee”. It is entirely possible to create a fresh new look and feel for as little as $10,000 (or in some cases, even less). This not only gives your employees a much-improved work environment, but as noted by Business Insider, it can also boost your bottom-line; which ultimately means that the office renovation will pay for itself, and then start generating ROI.
With the above in mind, here are 3 proven and practical ways to keep your office redesign on budget:
- Create a Comprehensive Plan
The foundation for a cost-controlled office renovation project is a comprehensive plan that captures a clear awareness of your business’s objectives, needs, culture and goals.
The plan should cover a number of details and factors, including (but not limited to): scope, timeline, budget constraints, risks, goals, interior furniture and equipment needs, themes and branding statements, building assessment, mechanicals assessment, and a future growth feasibility study. To obtain this information, it is vital to interview all key staff members and executives.
- Choose a Professional, Experienced Office Renovation Company
Working with an inexperienced or unprofessional office renovation company is essentially a “disastrous cost nightmare waiting to happen”. To protect your budget (and your peace of mind!), ensure that you choose a company that has extensive experience in all areas of construction management and contractor services, provides you with detailed estimates and quotations, has full data and telecommunication teams, and of course, is fully licensed, insured and bonded.
- Strategically Choose Furnishings and FFE
Some businesses discover – and not pleasantly – that the biggest cost category for their office renovation is not labor or professional services: it is furniture and FFE (furniture, fixtures, and equipment). Indeed, even a single cubicle or workstation can cost several thousand dollars.
The way to avoid this unpleasant scenario is to work with your office renovation company to choose right furniture and FFE that meets your budget requirements, while also achieves your functional, branding and esthetic (“look and feel”) objectives. Once you clearly know what you need, you can focus on available options and those items that meet all of your criteria — including budget constraints.
To learn more about how to keep your office redesign on budget, contact the Key Interiors team today. We have in-depth experience working with clients of all sizes – from small firms to multi-national enterprises – and will leverage our expertise and insight to deliver the new and improved office environment you want, while staying within your budget.