Tips to Save Money on Your Next Construction Project
Price tags for construction project have a dangerous tendency to run high.
Whether the work requires renovation or ground-up construction, expensive costs can be hard to avoid. So what are some tips to save money on construction projects? To provide you with effective, real-life advice, we consulted our firm’s professionals.
DBG Construction’s experts pull from nearly 200 years of combined experience in the construction industry. When asked how they would encourage clients to save money, these were their responses:
Conduct Thorough Price Comparisons
Shop around for the best price and the best services.
You’ll save money by holding off on the first offer or the first cost. Invest a little extra time and effort into research until you find the best deal for your money and expectations.
Renovation vs. Ground-up Construction
Consider restoring or renovating an already existing property.
Warehouse conversions, build-outs, or remodels are sometimes cost-effective alternatives to ground-up construction. You avoid expensive concrete costs and shorten your project’s timeline, enabling your business to open sooner.
Building Space and Efficiency
More space means more money.
Consider your project’s size and determine what elements are and are not necessary. This is particularly important for businesses who are looking to cut-costs by using smaller spaces efficiently.
Business Growth Plan
Have a long-term business growth plan.
Company growth is a critical consideration for any company – especially when considering building space. Develop a trajectory of your business growth and share projected growth percentages with your GC and project architect. They will be able to implement a versatile design that accommodates your current and future needs, without tacking on excessive costs.
