How Much Do Office Renovations Cost?
Office Renovations Cost
Whether your office is large or small, you’re likely wondering, “How much do office renovations cost?” Fortunately, there are plenty of ways to cut the overall cost and still get the look you want. There are many options for remodeling your workspace, including DIY projects and hiring a contractor. Contractors are great for offices because they are experts at organizing a project, hiring the right people for the job, and keeping track of the progress.
Office renovations can be as simple as a fresh coat of paint to a complete reorganization of your workspace. While small improvements are usually included in the lease agreement, larger ones may require an additional tenant improvement allowance (TIA), based on the square footage of leased space. Any overage would be your responsibility. However, if your office renovations are done in stages, you can reduce the overall costs to the lowest possible level.
Most people choose to hire an architect, which can add an additional 20 percent to the overall cost. A $200,000 budget might end up costing about $40,000 for an Architect. Although an Architect can be expensive, it will save you a lot of headaches later on. The architect will handle code issues and assess the size of your workspace, make sure it’s handicap accessible, and help you design the right work areas. An Architect can help you express your individuality and creativity while staying within budget.
How Much Do Office Renovations Cost?
A reputable office renovation firm will be able to provide you with a detailed quote. Most people opt to hire an architect. This may be a good choice if you’re not sure what to do. They can take care of any code issues that may arise and ensure that everything is handicap accessible. The architect will also be able to help you determine the size of your workspace and make sure it is handicap-accessible.
A professional office renovation can cost anywhere from $2,000 to over $10,000 for a basic build-out. Some companies charge between $40 and $150 per square foot for a basic build-out. Depending on the amount of space you need, you can choose between a basic and high-end option for your office. Some office renovation projects are more complicated than others, so you should always consult a qualified professional before starting any construction work.
The size of your office should be considered when calculating the cost of office renovations. A small, five hundred-square-foot space will require less upfront costs than a 110,000-square-foot one. Adding a skylight can cost an extra $60,000 or more. If you need plumbing and electrical work, a new HVAC system may add another fifteen to twenty percent to the overall cost of the renovation.
