When it comes to building your business, the look and feel of your physical space or storefront is incredibly important. With that said, creating a beautiful business often doesn’t come cheap. Keeping your construction costs to a minimum requires careful planning, attention to detail, and a fair amount of flexibility when done correctly. however, you can create a beautiful space without negatively impacting your bottom line.
If you want to minimize spending when it comes to your construction costs, consider these helpful, money-saving tips.
1. Choose Affordable Building Materials
In a perfect world, you would be able to afford all of the luxury building materials on your wishlist. In the real world, however, keeping materials costs down one of the most effective ways to save money during the construction phase. Rather than opting for brand new, top-of-the-line materials, consider recycled or salvage materials to get the same look – or one with far more character – at a much lower cost.
2. Stick to Standard Sizes
It’s tempting to create custom pieces when building the business of your dreams. Unfortunately, bespoke items can greatly increase construction costs. Ordering doors, windows, or other fixtures that are even an inch larger or smaller than standard sizes can result in a price tag that is almost double that of a standard-sized model. Stick to items that fit the industry standard and only create custom pieces when it’s absolutely necessary.
3. Consider a Design-Build Firm
Design-Build is a project delivery system that reduces risk and minimizes overall construction costs. Rather than working separately with both a designer and a contractor, the Design-Build method streamlines the process and allows business owners to work with only one singular point of contact. When the design phase and construction phase of a project overlap, the result is a quicker and more affordable process that ultimately minimizes unnecessary risk or issues with communication.
Often, entrepreneurs incur a lot of over costs that are over what the project requires, and sometimes they spend money on secondary elements that can be easily replaced by simpler and more elegant materials or assets that reduce costs, increase promotion, and advertise as an added value!
To demonstrate this further, we collaborated with Dr. Ali Alenezi, an Economic Analyst with over 20 years of experience, to make “Traditional Method vs. ARMONI Methodology costing sheet”
4. Don’t Depend On Cheap Products
When trying to cut down on construction costs, it’s tempting to only opt for the most affordable products available. While it’s important to keep an eye on a product’s price tag, don’t forget that sometimes cheap, flimsy items aren’t smart investments. You never want to go over-budget, but it’s beneficial to think about what will save you the most money in the long-run. For example, energy-efficient roofing materials and cutting-edge insulation may be a larger investment initially, subsequently they’ll greatly reduce energy and operating costs in the long run.
5. Avoid Over-Needed Requirements
When building your business, it’s easy to fall into the trap of investing too much too soon. Instead, adopt a minimalistic mindset when it comes to constructing your space. Ask yourself if the elements you are considering are truly necessary. If they are, be sure to carefully consider the minimum required to satisfy the needs of your space. Remember, you can always add more or reassess your needs after the project is completed using only the basics.
6. Avoid Unnecessary Requirements
In the same vein, you should ask yourself what items are truly necessary when it comes to constructing your space. When your “wants” and “needs” are indistinguishable, the result is usually an exorbitantly large price tag. Instead, cover all of your basics first and use the money left over to add extras.
7. ARMONI – Organic Spatial Design
Armoni – Organic Spatial Design is A harmonious fusion of time-honored Feng Shui concepts and eco-friendly environmental elements. These easy studied changes will do more than alter the energy flow of your business. They will ultimately strengthen brand loyalty, encourage customer spending, and decrease construction costs. To help you do this, we collaborated with Dr. Ali Alenezi, an Economic Analyst with over 20 years of experience, to make “Traditional Method vs ARMONI costing sheet” for you
