Office Renovations: Pros & Cons
We spend a lot of our lives at the office, so it’s important to have an office space that is comfortable and conducive to productivity. Office renovations can be a great way to make sure your workplace is up-to-date and meets all of your needs. Renovations can also help improve the value of your property by creating more attractive spaces for potential tenants or customers.
While there are some drawbacks associated with renovating an office space—namely cost and disruption—the payoff can be huge if done properly within budget. In this article, we will discuss the pros and cons of renovating an office space.
Benefits of Renovating
1 – Repairs & Maintenance Round-up
One of the major benefits of renovating an office space is the opportunity to handle multiple repairs at once. Renovations can help to address both small and large maintenance issues, such as replacing broken fixtures or updating outdated technology.
During a normal work week, repair plans need to be structured around the employees’ work areas and hours. Depending on the nature of the repair, this can make it difficult to find a time that works for your employees and the contractors.
To minimize disruption, you’ll need to try to get the contractors in and out as quickly as possible, handling urgent repairs one at a time. While this protects the efficiency of those working in the office, it’s not the most efficient way to carry out maintenance tasks.
Additionally, it’s impossible for some repairs not to be disruptive to workers, whether because they require loud power tools or because they block off certain sections of the office while being completed.
But when you’re renovating, the space is already empty of workers, either because they’re off during the renovations or temporarily working from elsewhere. That means that contractors have maximum flexibility to get as many repairs done as quickly and efficiently as possible without having to skirt around the office’s workflow.
With the office workflow temporarily on hold, you and your contractors get to focus on the office as a physical space alone, making a renovation the perfect time to catch up on any repairs and maintenance, as well as inspect and reassess your current maintenance situation and plan for the future.
2 – Style & Design Update
Renovations to an office space don’t have to be just about repairs and maintenance; they can also be used to refresh the aesthetic and ergonomic appeal of the office. Renovating an office can help make it a more pleasant, modern, and inviting place for employees to work—creating an atmosphere that encourages creativity and thoughtfulness.
Through a remodel, you can also update the layout of your office to make it more efficient for employees and maximize the use of available space. Renovations are also a great time to add features like collaborative spaces or separate areas where employees can take a break from their desks without distracting others in the office.
Not happy with old, outdated furniture that’s falling apart at the seams? With no one around, it’s the perfect opportunity to ship some new pieces in. The same goes for replacing the flooring or repainting.
3 – Boost Property Value
A renovation of an office space provides an opportunity to turn a dated and uninviting environment into something that’s attractive to customers, tenants, and investors. Renovations don’t just have to be aesthetic; they can also involve bringing in new technology and security systems to help keep your assets safe and up-to-date.
A major renovation can even help you attract higher-value tenants, such as larger companies that have specific design requirements for the office spaces they rent. Renovations give you the perfect opportunity to fulfill those requirements without completely starting from scratch.
The financial benefits of renovating an office space are clear; view a renovation as an investment that can help to increase your property value, attract more tenants and customers, and potentially secure higher-value contracts for your business in the future.
Drawbacks of Renovations
1 – Disruption
Renovating an office space can be a major disruption, both to the employees and the business itself. Renovations typically require the office to be completely closed down while they are carried out, during which time staff may need to find alternate working arrangements.
For businesses with a large number of employees, having them all work remotely for an extended period of time can be difficult to manage, potentially causing losses in productivity. Renovations also require a large amount of planning and preparation; you’ll need to find contractors who can handle the job, as well as arrange for alternative office spaces or places where employees can work while the renovations are being completed.
2 – Cost
Renovations to an office space can be a major investment; depending on the scope of the project, you could be looking at tens or even hundreds of thousands of dollars. Renovations also come with certain risks; if you don’t hire the right contractors, purchase quality materials, plan the layout correctly, or anticipate unexpected problems (such as asbestos or mould), you may end up needing to spend even more money to fix the problems.
In addition, the cost of a renovation can vary significantly depending on where in the world it is being done; for example, renovations in larger cities tend to cost much more than those carried out in smaller towns. Renovations also take time, which can be a major consideration if you are on an urgent timeline.
In conclusion, renovating an office space is a major decision that requires careful thought and planning—but for businesses looking to improve their property value, attract higher-value tenants, and create a modern working environment for employees, it can be a worthwhile investment.
As long as you plan well, work with reliable, reputable contractors, and minimize disruption to your business or your tenants, an office renovation will be an investment you won’t regret.
We pride ourselves on our ability to carry out complex renovations quickly and efficiently, and we’re always looking for new opportunities to expand that repertoire. If you’re considering an office renovation but don’t know where to get started, we’d love to help you make your vision a reality. Check out some of our past work to see what we can do.