There are many solid reasons to renovate a commercial building, but owners’ biggest questions are “How to renovate a commercial building?” and “Where to start?”
If you’re an owner of an aging commercial property looking to increase the ROI (return on investment) for your facility, we’re here to show you where and how some simple renovations can make major improvements to the look, feel, and value of your property. Updating your building with energy-efficient lighting, updated HVAC systems, and new windows can all help maximize the return on your investment, improve the well-being of your tenants, and extend the life of your building.
In this blog post, we’ll examine how to renovate a commercial building, why it’s a great idea, and where to start!
How to Renovate a Commercial Building: Start Looking Up!
As a commercial building owner, chances are you’re always looking for ways to improve your bottom line. The fact is that commercial buildings deteriorate over time. If you’re not doing your part to repair and improve the structure, your investment is deteriorating, too.
A great way to accomplish this is by renovating your building to make the structure more energy efficient. One of the best ways to improve the energy efficiency in your building is by updating your lighting. Replacing old features and bulbs with modern LED lighting can help save on recurring utility bills.
Historically, inefficient lighting has cost commercial property owners significant amounts of money. However, there wasn’t always a better choice available. We now have a wide selection of contemporary, efficient, and visually appealing lighting options available in styles that are sure to bring new life to your building.
Not only will updated lighting refresh your building’s atmosphere by making it more attractive, but by switching out old, inefficient lighting with current options, you can significantly reduce your monthly energy costs.
A “Clear” Path to Renovate a Commercial Building
Unless broken or otherwise obviously damaged, we’ve noticed that commercial property owners often overlook renovating the very items that should help them see clearly: windows!
As with legacy lighting, replacing old windows with new, energy-efficient options can improve your building’s thermal performance, help reduce monthly utility costs, and increase value. Thermal performance describes your building’s ability to maintain comfortable temperatures and should be at the forefront of every property owner’s mind when thinking about how to renovate a commercial building.
Older and improperly sealed windows may lack the ability to filter bright sunlight or insulate against frigid temperatures. Either way, this inadequate thermal performance means your climate-control system is going to have to work harder — work that costs you money.
By making strides towards improving the thermal performance of your building, you can make it more desirable to prospective tenants, more comfortable for your current occupants, and save yourself money on heating and cooling costs. In addition, new windows can add to the aesthetic appeal of your building and create a more welcoming environment.
How to Renovate a Commercial Building? Keep Your Cool!
When commercial building owners are trying to determine how to renovate a commercial building to maximize value, one area they should consider is upgrading their climate control system. A renovation of this type can help improve comfort for those who visit the building and result in significantly lower operating costs — which again, leads to increased savings and value. While it may be a significant investment upfront, renovations to your climate control system can pay off in the long run by reducing energy expenses.
As we noted previously, improving thermal performance offers a major improvement to your renovations. By updating the building’s climate control system to one that meets current energy efficiency standards, you’re on the right track to making your building better for you, your tenants, and the environment.
It may not be difficult to determine which parts of your building need a refresh to meet your needs. At VPC, we’ve performed many transformations on commercial properties and know how to remodel a commercial building to increase value, make it more environmentally friendly, and significantly improve curb appeal. We highlight some example projects on our site here.
Choose VPC Builders for Your Commercial Building Renovations
Already have an idea of what your commercial building needs to get back to its best? The team at VPC Builders knows how to renovate a commercial building the right way and is ready to discuss your project’s needs. Contact us today for a quote and to discuss how we can quickly and affordably restore your building to its former glory.