Posted on: 8 August 2019
If you are an entrepreneur and have been leasing a commercial building for the last few years, you may be ready to take your business to the next level by having a custom commercial building erected on a plot of land that you have purchased. This is a big commitment, one that will take time, finances, and hard work. Prepare your plans and have the funds needed to complete the project so that you can smoothly transition your company into the building when the time comes.
Meet With A Financial Advisor And Acquire Permits
You need to make sure that you have the proper funding to have the job completed and this is the most crucial step. After all, it would be quite disappointing to begin a project and realize that you won't have the money to pay for some of the materials, your utilities, or landscaping details. You will also need to have enough funds to continue renting the space that you are using and paying your employees.
If you are going to be taking out a business loan, meet with a financial advisor. The loan amount that you are eligible for may have an overall impact on the building size and design type that you choose. Obtain the necessary permits for the construction to take place. Permit needs can vary, depending upon where a building will be erected, its size, and the complexity of the work that will be completed.
Consult With An Architect And A Contractor
Consult with a commercial architect and contractor. You need to be thoroughly comfortable with these people because they are essentially going to be turning your thoughts into reality. Make sure that each person has the credentials necessary to get the job done and request some information about some past projects that have been completed.
If either person tries to dissuade you from adding specific features to your building or has some alternative suggestions that may help you attain promising results, listen to the advice. You do not have to heed any of the suggestions, but if one or more makes sense and will actually benefit you, then be flexible and make the changes in the plans. Finalize the plans, prior to the beginning of the project.
Be Accommodating As Needed
Just because your building project is underway, that does not mean that you can focus solely on operating your company. You will need to be accommodating while the project is active and this could mean meeting with the contractor or architect on the spur of the moment or being willing to adjust your schedule if an unforeseen event occurs that will slow down the construction project. Stop by the job site on random occasions to see how things are going and to discuss any modifications in the plans.Share