When it comes to building on occupied land, there are two options: refurbishing or rebuilding. If the overall structure of a building is fine, but its feel or functionality needs an update, refurbishing may be the more suitable choice. Here we break down why it’s sometimes better to renovate rather than start from the ground up.
It makes sense that when structural costs are taken out of the equation, the overall cost of the project will decrease dramatically. Demolition costs can skyrocket at a very rapid rate. You need to pay for people to knock down the building and clear the site. Once that’s all done, then the real costs start to add up. Rebuilding costs begin when the architect designs the building, and the concreters lay the foundation; and end when the final light fitting has been installed and the last strip of paint has dried. In the current economic climate, many businesses are cutting down on luxuries and welcoming ways to reduce unnecessary costs. If you’re in a situation where you’re trying to be more careful with money, ask the question: why build a new building when you can fix up an existing one? If you’re fairly happy with the skeleton of the building, it definitely makes more sense to refurbish. There will be costs, yes, but nowhere near as high as those involved with complete demolition.
Refurbishing can drastically reduce the time span of a project. While demolition itself is a speedy process, it’s the rebuilding part that is very time-consuming. In comparison, refurbishment requires a lot less time and effort. The major part of the renovating process is stripping what is no longer wanted – whether that be walls, floor coverings, or furniture. If you’re looking for a time and cost efficient upgrade, refurbishing is a great option.
Council regulations on new buildings are much stricter than what they are for existing ones. This fact highlights the benefits of refurbishment on a number of levels. Firstly, and anybody who has had to deal with councils will understand this, going through council requirements for new buildings is a very arduous, often frustrating process. Secondly, it can be very limiting. You may face restrictions with height, floor space, and parking, and requirements such as insulated windows and fire escapes. It may affect the hopes you had for the style, structure, and aesthetics of your building. On the other hand, when renovating in an existing building, there is far less interference from external bodies such as councils.
Whether it’s a residential, commercial, or corporate project, refurbishment is proven to add value to a building. Refreshing a building by changing the layout or floor, or adding a skylight or new doors, will increase its worth. If you’re looking to sell or lease the building, this is an important consideration. It also adds value in a non-monetary way. By improving the appearance of a building, you will improve its ambience. For instance, updating an office will make for a much nicer working environment, which can only be a good thing!
While of course knocking down and rebuilding is sometimes necessary, it’s good to know that if you just want an upgrade, refurbishment is also an option. We’ve tried to outline the benefits of refurbishment, and how it can improve the look, feel, and value of a building.