Month: July 2018
5 Reasons to Renovate your Office Space
The office environment your work in directly impacts your productivity, as well as your staff’s. Also, the look and feel of your office makes an impression on your clientele. If your office space is lacking vitality, appears unpleasant and drab, it’s time to consider making a few changes. Remodeling your office space the right way brings positive changes to any business. While office renovations may be expensive, they’re an investment that pays off in the long run.
We will take a look at just a few benefits to renovating your office space.
Create more efficient use of your space
- Optimizing the layout of the office itself results in more useable space. This means more room for supplies, equipment and workspaces.
- Workspaces themselves can always be designed to increase functionality, comfort for your staff.
- For example, an office that is 2000 square feet may cost anywhere between $100,000-$160,000 to renovate.
- Also, if you’re paying for utilities, you should consider upgrading the energy efficiency of your office. Eco-friendly upgrades such as energy-efficient windows, insulation and LED lighting can reduce energy costs annually up to 40%!
Improve employee performance
- Adding a common space such as a pleasant break room, modern kitchen and common area for employees to interact and relax results improves everyone’s mood.
- Employees that have the freedom to relax, socialize and enjoy their breaks away from their desk, are far more productive once they sit down to work again.
- The overall happiness and productivity of your staff speaks to how well-designed your renovations are.
Revitalize Your Business
- Businesses sometimes undergo rebranding for a number of different reasons. Rebranding can involve new corporate colours, a new logo, different services and bolder messaging. It can also involve renovating the existing space.
- Renovating the office space is a great way to revitalize and rebrand, by having the physical space reflect the major step forward that you’ve taken as a business.
- Revitalizing your space every so often is also crucial for appearing modern and capable to your clients
- Regardless of your business, clients respond much better to a space that is sleek, eyecatching and modern than a space that is worn down, dull and dated.
Add Health Improvements
Older buildings aren’t always up to code when it comes to health and safety, for example, most buildings built prior to 1970 contain asbestosTips on Budgeting for Your Next Office Renovation
Having a sleek and well-maintained office leaves a great impression on customers or clients who visit and enhances your staff’s productivity and efficiency. If you’re thinking of renovating your business space, take note of some tips for preparing your budget. Of course, renovation costs often depend on the scope of the work involved and the size of the space being renovated. However, there are some general guidelines to help you plan financially.
Square-Foot Cost
- The average cost for office renovations in the Greater Toronto Area is around $50-$80 per-square-foot
- This cost-per-square foot includes materials; contractor pay; electrical, plumbing and HVAC work; framing, drywall and plastering; painting, flooring, carpentry, millwork, and in some cases, office furniture.
- For example, an office that is 2000 square feet may cost anywhere between $100,000-$160,000 to renovate.
- On the economic end, you can expect a basic renovation or upgrade to the space.
- On the more expensive end, your renovation would include above-standard and more lavish finishes; unique features like modular glass partitions or drop ceilings; and perhaps some energy-saving features.
Other factors that may raise your costs:
- If it has been 50 years or more since the last office renovation, you’ll likely need to spend a lot more on renovation
- if you plan to re-furnish your office with high-end furniture
- if you plan to do the exterior of the office space as well