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How to build commercial building: 6 Tips to follow

[ecis2016.org] How to build commercial building? Mentioned are top 6 tips that you can follow to build commercial building.

How to build commercial building?

Are you planning to building commercial building? If the answer is yes then you will probably know that it will take quite a bit of your time and investment. The foundation of how to build commercial building is having enough patience and money to see your project through as there can be delays by the contractor and even cost overruns. There can be multiple unforeseen events which can hold up your project and cause more financial drain. However, with certain planning, the number of unforeseen events can be reduced. Here we list some of the tips on how to build a commercial building step by step.

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1. Building commercial building: Making right financial projections

Building a commercial building is usually larger and involves a lot of financial commitment from an entrepreneur like you.  When you are initiating the task of building commercial property, it is absolutely necessary to get the financial projection right as to how much money will be required for the whole project. Apart from construction costs, there will be costs in getting the permits from the government for the construction and that should also be included in the overall costs. All the minor tasks must be thought out before undertaking the project so as to arrive at the right financial picture. While building a commercial property, there will costs in getting insulation done for correct HCAC (heating, ventilation and air-conditioning) system. While constructing a commercial building, there will be cost in doing up the interior, furniture and populating the pantry of the building. There will also be labour charges, apart from material costs while building commercial building. While you should evaluate the cheapest way to build a commercial building, do not compromise on quality of any essentials that will affect the task of building commercial property and the commercial property itself in the long run.

2. Building commercial building: Getting government permits

Any construction requires several permits from the government and the same holds true for constructing a commercial building too. The number of permissions required is only going up with time. Environment clearance is a must apart from regular permits while building commercial property. For building commercial building, there will be stricter scrutiny by the government and all the regulations must be adhered to. Can I build a commercial building on my property is a query that you have to get answers to from the municipality of your area.  The rules will vary from one state to another and sometimes even from one city to another. Then the rules themselves keep changing over time within the city or the state. It is important to get a clear picture about all the permits that will be required to building commercial property and all the zonal laws must be known. A personal visit to the local authority like the municipality would be a good idea to know what are the latest rules associated with how to build commercial building.

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3. Building commercial building: Getting hold of experts

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You may be a good at executing many things but you will still need experts like architect and interior designer for building commercial building. You will definitely need a contractor and extreme care should be taken while hiring their services. It should be found out what projects they have worked on previously and whether they have any experience in building commercial property project similar to the one you are planning and also the type of commercial property that you are planning. Remember, for any plan, even a 2 storey commercial building plan, your property should be efficient and functional. For that to happen, a professional approach has to be taken right from the start on how to develop a commercial property or you could be left with some space which cannot be used for any purpose. A good interior designer may also help you with the right colour choice for carpets and walls so as to boost employee productivity. Various studies have shown that colours have a huge impact on productivity of the employees when you are building a commercial property.

 

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4. Building commercial building: Contingency plan

It would be advisable to reserve about 10 percent of the projected costs on how to build commercial building and keep it aside since there are good chances of cost overruns in any construction project. There will also be a loss of work during transition from your existing set up to the new building and that should also be accounted for when you are working on how to build a commercial building step by step. There can be delays in constructing a commercial building due to unforeseen reasons and that will also add to the overall cost of construction. These costs cannot be overlooked while you are learning on how to build a commercial building and only you as the owner will have to bear them.

5. Building commercial building: Getting finances

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It is needless to say that you will need a large amount of money for construction of a commercial property. For instance, if you are looking at building a shop on your property, how you will you arrange the money depends on you but most entrepreneurs go for bank financing and getting this part of the whole exercise, that is, arranging money is as important as getting the construction right. You must discuss with your bank about the intended construction, the costs that are involved and the cheapest way to build a commercial building. It is advisable to engage in a dialogue as soon as possible and not wait until the last moment while building a commercial building. The bank can have experts who can come up with a good projection of costs for building a commercial building that you are intending to construct. Not just that, the bank can also suggest ways as to how you can get the money like taking a bridge loan or some other alternative.

6. Building commercial building: Environment protection measures

While building commercial property, go for a building type that is environment friendly. Even the construction method must be pro-environment. While some aspects of methods of construction and the building type are now covered by the local authorities and conforming to them would be absolute essential, going beyond what the law mandates may result in many other benefits. Building commercial green building can result in a lost cost savings in energy bills and can contribute in environment protection by having systems like rain water harvesting and water conservation. A green building and its owners are regarded highly these days and can result in good public relations (PR) for your business.

 

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Category: Lifestyle

Debora Berti

Università degli Studi di Firenze, IT

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