Renovating your workplace is a wise business decision. In addition to being wise to keep up with any maintenance requirements, a redesign may alter how customers and staff see your company. Unsure of how to create an estimate for an office remodel contractor’s project? You are not alone, so don’t worry. The majority of office renovation contractors employ cost estimators to guarantee they operate a successful business.
Therefore, you are in the ideal position if you need to estimate the cost of a business remodeling project without engaging a professional estimator. Making the decision to upgrade your workplace may be simpler if you are aware of some of the expenses and factors. Although there isn’t a straightforward formula for calculating the cost of office renovations, we’ll go over the variables that affect those prices and offer some general estimating advice.
The Average Office Renovation Costs Per Square Foot
The cost of labor, square footage, design complexity, and material expenses are just a few of the variables that affect office building renovations. Add together all of its length and all of its breadth to obtain its square footage. The average price per square foot to refurbish an office building is about $350.
Consider that your workplace is 15 feet long by 12 feet broad, or 180 square feet. The $36,000 should roughly represent your budget for the workplace upgrades after multiplying 180 by $200. Prices might reach $450 per square foot depending on different areas. The construction cost ranges for various buildings are displayed in the table below.
|COST PER SQUARE FOOT
|Museum/ Performing arts
|Single story office
|Medical Office Buildings
|Government administrative buildings
Understanding Office Renovation Cost Factors
The real renovation expenses for a project must be calculated by businesses and office renovation contractors taking into account a range of elements. The following elements affect the overall cost per square foot. There are obviously a lot of factors that will affect the price per square foot if you want something more personalized. If you are remodeling an older building with odd areas and problems, such as sloped flooring, the cost of the office makeover might also go up. These are frequently quite simple modifications, like new paint and some new walls, which the renter eventually pays for as part of the rent.
Professional Rates Per Hour
The overall cost of office renovation must be increased if you require the services of an architect, interior designer, or structural engineer. Even if you do not want the services of any other professionals, you almost likely will need to hire an office renovation contractor. On average, contractors make $30 per hour. This figure does, however, depend on the area and the contractor’s level of experience relative to the job.
Even within the United States, remodeling prices on comparable projects can vary by as much as 70% depending on location due to variations in labor, materials, and building code requirements. Office remodeling expenses are often greater in rural areas than in mega or metropolitan ones due to differences in labor costs, land prices, and building code requirements between cities.
Desk, Bookshelf, & Cabinets
Built-in bookcases and cabinets cost anywhere from $1,200 to $3,900. It’s ideal for adding storage to compact spaces. A built-in desk maximizes the work area while saving room on the floor.
Office remodeling companies typically cost between $16 and $20 per square foot. The foundation, construction, and delivery packages are all included in these remodeling expenses. The typical cost of a commercial structure might rise to $30 or even $40 per square foot if additional finishing, such as insulation, is included.
Fixtures, Furnishings, And Equipment (FF&E)
Everything that isn’t often classified as construction is included in the category of furniture, fixtures, and equipment. Workstations, conference room furniture, classroom furniture, audio-visual equipment, wayfinding, signs, branding, seating, and decorative items all fall under this category. The cost of FF&E varies greatly and is determined by owner discretion.
On a renewal project, the FF&E package typically costs as much as or more than the build. FF&E costs for remodeling or refurbishment projects generally range from 30% to 60% of the construction cost.
Cost Of Office Flooring
Supplying and installing commercial-grade carpet or vinyl tiles can be done for as little as $4 per square foot. For a 5,000 square-foot workplace, wood plank flooring might cost roughly $7 per square foot. Concrete flooring is an affordable alternative starting at $2 per square foot if your new office will have an industrial vibe.
Also Read: 7 REASONS TO HIRE A PROFESSIONAL CARPENTER
Cost Of Building Walls
The overall cost of constructing a wall might vary greatly based on a variety of factors. The kind of wall material can affect how much it cost. For instance, glass walls are sometimes offered in packages rather than at a per-square-foot rate. The entire cost of the workplace makeover would still approach $150 per square foot if executive design features were used. While a simple partition wall’s square footage is relevant in a more conventional sense, it costs around $60 for square feet.
Kitchen & Bathroom Renovation Cost
Nowadays, it’s typical to have a kitchen in or near your office. It makes your staff members feel loved and valued. The cost of your kitchen will range from $6,000 to $31,200 depending on the demands of your business and its size. A kitchenette with a sink and refrigerator may be a good option for smaller office spaces. For others, you might need a cooktop, counter space, or other kitchen-related features. Ascertain your requirements and the cost for that size.
Some offices have access to the building’s communal restrooms, so this expense could not be included in your renovation budget. However, the cost will range from $18,000 to $24,200 if you’re installing an interior bathroom. If there is a gym or long work hours at your workplace, you could be considering installing a shower. The cost to install a shower might range from $6,400 to $8,400.