There’s no doubt that undertaking any major construction or refurbishment work comes with some serious budgetary considerations. While it can seem cheaper to make do, at least for the time being, investing in building improvements and developments actually brings a number of different advantages.
Of course, the size and nature of your business is going to be important here. A small business set up that just requires a few laptops to operate is going to have vastly different needs to a large university campus where facilities lie at the heart of everything.
Tailor Your Business Premises to Your Needs
Most business space comes readymade or previously used and each has its good and bad points. For larger businesses, that infrastructure needs much greater consideration when it comes to an exact fit. A research company, for example, may need to develop their property so they can carry out better, cutting edge studies that bring in more revenue. An airport might need bigger hanger space for new planes or better office space for its staff.
Undertaking new construction or refurbishments give your business the chance to dictate and tailor installations that benefit growth and development for a long time to come.
Refurbishment and New Construction Helps You Compete
Your competitors may well be investing in new infrastructure. After all, it makes them more attractive to potential customers and cements their brand reputation. Universities, for example, find that potential students will look at the facilities on offer as well as the course they want to do. If you can show that you are investing in infrastructure, students are going to take notice.
Provide a Better Work Environment
Investing in construction and refurbishment gives you the chance to re-evaluate what works in your business environment. If you are an office, you can build in ergonomic infrastructure that actually improves productivity, makes your staff happier and provides a place that everyone wants to work in.
Optimise Space and Future Proof Your Business
Many businesses complain they are short of space, especially as they begin to succeed and grow. Optimising space can make a big difference for ensuring everything runs more efficiently. It’s also a good way to future proof your business and lay down an infrastructure that allows you to expand with greater ease.
Reduce Future Costs
Construction can help change an energy inefficient building or location into an efficient one. That helps to reduce future costs when it comes to controlling utility bills – something that’s important for businesses that have a high level of building stock. Newer buildings also come with much lower maintenance costs. Older stock often requires remedial and proactive work carrying out on a regular basis to ensure it is kept going.
There are plenty of factors to take into consideration when looking to invest in construction. Any new build or refurbishment will need to add value to your business and deliver at least some form of return on investment. A lot will depend on the size and nature of your business as well as the budget you have available.
If you are considering carrying out construction or refurbishment work for your business or organisation, it helps to work with an expert team. At Hightown, we have 40 years’ experience in the building sector and have worked with major corporations and small businesses and organisations all across the UK. Contact us today to find out more.