According to Mark Roemer Oakland, renovating an old commercial building can not only improve the look of the space and make it more functional than before but also improve client appeal and employee satisfaction. Typically, these include remodeling floors, repainting the walls, upgrading the HVAC systems, replacing old office equipment with newer models, upgrading the electrical system, and more.
Here are a few important reasons to renovate your commercial building:
- It helps to improve the energy efficiency of the space – Energy bills form a huge expenditure in any commercial space and thus, it makes sense to reduce the energy usage of the property in order to save money in the long term. Incorporating eco-friendly designs and investing in energy-efficient technology during the renovation can allow you to significantly lower your water, gas, and electricity bills.
A few ways to improve the energy efficiency of commercial spaces are to install energy-efficient HVAC systems, programmable thermostats, low-flowing plumbing, solar panels, energy-efficient LED light fixtures and more.
It is also recommended to replace old windows with double or triple-pane windows and insulate or replace air ducts of old HVAC systems to prevent air leaks.
- It helps to improve the performance of the employees – Studies have shown that the functionality and decor of commercial spaces including the layout, color, and decor of the space can impact employee morale and performance.
It can be suffocating to work in an old office space with outdated design and decor and it can cost your business a lot since employees are a valuable commodity. On the other hand, an office space with modern amenities, design, and decor helps to unleash the full potential and creativity of every employee and improve their performance which is beneficial for the organization in the long term.
- It helps to make the space more appealing – A commercial space needs to be optimized to attract new customers in order to maximize their business needs and revenue. An old commercial space that is not designed properly with modern features that customers like can negatively impact your business no matter the quality of the product or customer service.
However, with proper planning and incorporating of eco-friendly and modern features, it can vastly improve the appeal of an old commercial space.
- It helps to improve the value of the property – Renovating an old commercial space can improve the value of the property and help you make more profit if you intend to sell the property in the future. Plus, you might be able to offset the extra burden by availing local and state tax deductions or even by taking an equity loan of higher value.
Mark Roemer Oakland suggests you don’t delay the renovation of your commercial property if you believe it can be beneficial for you as the owner and your employees. Ensure you hire a reputed remodeling company that is noted for their past commercial renovation projects in order to have the best experience.