The Most Important Factors For Construction Estimation
If you’re starting a construction project in the near future, there are a lot of moving parts that you need to finalize before things begin! One of the most crucial aspects of this process is determining your project’s budget. It’s one thing to have an extravagant design in mind, but it shouldn’t break your bank! It also helps to give you a cushion should cost overruns become a factor. Estimating this budget isn’t always easy, but there are a few factors to consider that will help you get closer to the final total. We’ll explain what they are below!
Consider The Scale Of Your Project
Especially as a business owner, you should have a good idea of how much square footage you’ll need to accomplish your everyday tasks. If you’re expanding your business’s locations, this should be pretty easy for you to determine. However, if you’re starting fresh, it may take some additional calculations. Restaurant owners should factor in seating space and kitchen space, while retail businesses should factor in space for their checkout sections, merchandise, and storage.
Consider Your Location
Construction site selection is a large part of the planning process, and your project’s budget can largely be determined by this trait. It’s going to cost significantly less to construct a business in Andover, MA than it is to do so in the heart of Boston! Think about your location relative to bustling town centers, major highways, and energy facilities. The more populated an area is, the more it’s going to add to your budget estimate.
Consider What You Can Afford
This is likely something that you’ve thought about throughout the planning phase, but it’s importance cannot be overstated! Your construction project shouldn’t plunge you into serious debt. It’s one thing to not pay off the entirety of a project right away, but it’s another entirely if it will take years to foot the bill. Consider what your business can afford, and be reasonable with your estimates based on this number. Give yourself a cushion as well - oftentimes, cost overruns become a significant factor in your budget!
Construction Planning & Building With M&M Construction Services
If you’re looking to expand your business’s locations or simply renovate an existing one, M&M Construction Services can help you with every phase of the process! From pre-construction planning to the build and everything that comes afterward, you can count on us to be meticulous and dedicated to making your project go off without a hitch. Infuse your business’s design dreams with life when you click here to contact us directly!
