What To Know When Building Your Own Commerical Unit
So you are considering building your own commercial unit instead of renting. That’s great, there are a few things you will need to familiarise yourself with before you take the leap. We have done some research and listed everything you need to know when building your own commercial unit.
Working Out Your Budget
There is a lot to think about when it comes to your budget, it’s not just the budget for purchasing the land you have to think about. You will also need to incorporate, building materials, permits, solicitor costs, architect fees, and construction worker wages. You might want to consider taking out a secured loan to help you with these expenses. It’s always a good idea to speak to your council about planning permissions before you purchase the land. So you have a rough idea on what sort of unit you can put there and if the council are offering any local business schemes to help get your business up and running.
Finding the Perfect Space
Before you just go purchase the first bit of land you find, do some research into the local area. Is it positioned where there would be a high volume of customer traffic, are there similar businesses close by and it is easy for your customers to find you. It’s also important to note that if you were planning on knocking down a residential property to build your commercial property you will need to clear this with the council. It is rare for the council to accept an application for this when there are no other commercial units around, most councils will want to stay in keeping with the surrounding area. When looking for your space you should keep in mind that you most often need to supply parking for staff and customers. Be sure to incorporate this into your overall sq foot.
Hiring the Right Architect and Construction Team
To make your vision become a reality you will need to hire an architect and a construction team. An architect is there to bring your ideas to life and give you a visual representation of what your new unit will look like. They are not only there to be an artist though, architects understand the way buildings are built so will be able to guide you on where you can and can’t put walls, windows and beams etc. You will then need a trust construction company to make these designs happen. Contact a few companies and read reviews online to help make your decision. There are many companies that can off you advise on your build and help guide you through the process, Frank Ditommaso is a great example of this.
We hope these tips have helped you get inspired and ready to build your new commercial unit. It can be a long process but with the right guidance and positive attitude you will have your dream unit in no time. Once your new unit is build you will need to fill it with lots of staff, check out our guide on Recruitment.