The construction of a brand-new commercial facility is a significant time commitment, not only for you but also for the individuals on whom you will rely to get the job done.
We have compiled a list of the top five things you should think about before constructing a commercial building, and you should look over it as you are researching the various facets of this endeavor.
1. Assessing the Various Kinds of Buildings and Their Positions
Take some time to think about the kind of commercial real estate you wish to build. Whether it be building retail space, an industrial warehouse, a hotel, an office building, a fitness center, or some other specialized building like a movie theater, every category of structure has its own requirements and expectations.
Choose a site that allows for the development of commercial buildings. You might want to think about moving your business to a location that has good access for vehicles. Learn as much as you can about the other local businesses in the region, particularly those that might appeal to your customers or that might represent a possible threat. There may be additional plans for the development and infrastructure of that area, and such plans may have an effect, either positively or negatively, on your business investment. Conducting research about this matter is essential before choosing your place.
2. Design, Planning, & Permitting
Every variety of commercial building has a certain set of requirements that must be satisfied. Be sure to take into consideration how customers and visitors will enter and move around the building you own. You should make sure that the facility can satisfy all of the specific requirements that your company may have, including those pertaining to its staff and its consumers.
Think about how much you rely on technology and other 21st-century conveniences. Tenants are demanding more amenities, particularly in residential buildings, such as high-speed wireless internet, in-wall USB ports, bike storage and proximity car sharing, dry cleaning and laundry services; child care and pet spaces; a spa or massage room; a wellness center (beyond the traditional fitness center) for community activities like yoga and aerobics; even a wine cellar. Some of these amenities are becoming increasingly popular. What kinds of amenities are you looking for in a new commercial building?
In the construction of commercial buildings, you are responsible for ensuring that you have complied with all applicable zoning rules and obtained all necessary licenses. Before starting building, the most important thing to do is to make sure this is taken care of as quickly as possible. In some locations, there might be limits imposed on things like ceiling height, floor type, paint color, and so on. A construction management company can assist you with all elements of planning, including contacting the local zoning office and ensuring that your project conforms with all of the requirements that are specific to the area in which it is being developed.
3. Creating a Budget and Financing
When you make the decision to build a commercial property, you need to be very careful to ensure that the money you spend will result in a profit. You might want to consider employing a financial expert to act as your guide so they can help you avoid problems like these and make your work more manageable. Value Engineering is one of the services offered by GTA General Contractors. Value Engineering is a creative, systematic approach and design process that maximizes the efficiency and effectiveness of your commercial construction project.
We are able to develop a list that will describe the costs that will be incurred in the process of constructing the structure. This list can include large costs like cement, equipment rents, and labour, as well as smaller costs. It is essential to give some thought to the possibility of setting aside an additional ten percent of the allotted budget as a reserve in order to cover any unanticipated costs that may materialize.
4. Choosing an Architect/General Contractor or a Design-Build Contractor
The business owners need to give some thought to how much time they want to spend directly working on their project. Because their construction project management teams are concentrating more on the new building and less on their regular work performance during construction, many companies find that they experience a loss of clients at this time. A fantastic answer for this would be to bring in outside help in the form of a construction management team.
It’s possible that some people will think about skipping this phase, particularly when faced with large expenditures. You might believe that you are cutting costs, but in reality, you will end up losing more money in the long term as a result of aspects that are monitored closely by specialists, such as the effective utilization of available space.
Another great option is to consider a Design & Build Construction team. A design-build contractor is a great full-service resource assisting you from initial concept development right to project completion. At GTA General Contractors, we offer design-build services and when combined with our in-house value-engineering services can be a powerful process by helping to make your construction project as cost-efficient and time-efficient as possible.
5. Getting to Know The Team
When you get in touch with the professionals who will be working on your project, make sure that you completely clarify what your demands are in terms of the budget, the timetable, and the requirements for the building. Learn everything you can about the key people you’ll be working with on your project, including the architects, designers, and commercial project managers you’ll be working with. You are going to be working closely with them for a good number of months, possibly even years. Keeping up a healthy line of contact with them will aid everyone involved in delivering your project with all of the requirements satisfied.
At GTA General Contractors, we pay special attention to the needs of our customers and strive to offer solutions that are adaptable, inventive, and practical. We have developed long-lasting, trustworthy connections with our customers thanks to the fact that we place the utmost importance on the satisfaction of our customers.
Ready to Take the First Step?
GTA General Contractors has been a leading commercial general contractor in the Toronto/Greater Toronto Area (GTA) and throughout Ontario for more than 30 years, and we are able to design, manage, and construct your project from start to finish. GTA General Contractors is a full-service construction and commercial development company that also provides consultancy services, construction management, design/build services, general contracting, project management, and more. If you decide to work with GTA General Contractors, you will have unrestricted access to your project manager who will monitor the progress of your project until it is finished