Renovating vs. Building New: Considerations for Commercial Property Owners in Houston

The landscape for commercial construction in Houston is booming. However, determining whether to renovate an existing commercial property or build a new one is always a dilemma for new homeowners. Both options come with their own set of advantages and disadvantages, but ultimately the cost, individual preferences, and sometimes compliance and construction expertise become factors that bridge the gap between giving commercial properties a makeover and building them from scratch. 

For those who have to relocate to a new headquarters or open a new branch, building everything new is indispensable. To make the process easier for you and ensure that your investment aligns with your business goals, here’s a guide to help you decide between renovation and new commercial construction.

 

 

 

#1 Location and Zoning Regulations

If the location of your existing commercial property is brilliant for profitability, but it isn’t zoned for your intended use, building a new commercial establishment elsewhere with a zoning permit is essential to avoid complications. Renovation with commercial construction services in Houston can be the preferred choice if your location is easily accessible, strategically great for ROI, and in compliance with zoning regulations.

 

#2 Cost Considerations

One of the key advantages of renovation is the amount of money you save on the construction. However, before deciding on renovating your commercial property, conduct a comprehensive cost analysis, including potential obscure costs such as structural issues, or code compliance updates. In some cases, renovations may also qualify for tax incentives and grants, hence reducing the financial burden on your business, so if budget is your concern, renovation is your preferred option.

 

On the other hand, building a new commercial property in Houston invariably and implicitly means higher upfront costs. However, when you start from square one, you can create a space tailored to your unique requirements, while potentially increasing efficiency and long-term cost savings. Compare and analyze what’s your top priority and make your decision accordingly for commercial construction in Houston.

 

#3 Sustainability and Energy Efficiency

The world is going green, and if your business is inclining towards the sustainable side of operations, renovations can be a great way to incorporate eco-friendly practices. Although renovating can work most of the time, retrofitting an older building may have limitations in achieving energy-efficient systems. This is when new construction can help in implementing the latest green building practices from energy-efficient HAVC systems to solar panels.

 

#4 Timing and Disruption

Consider the timing and potential disruption to your business operations during the construction. The duration of renovations varies depending on the extent of work. However, building new may take longer, so plan the scope of your construction project accordingly.

 

Are you searching for professional commercial builders in Houston to help you with your renovation or brand-new commercial construction? Contact the experts at Marwood Construction for a customized quote.

 

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