Building premises is an exciting step towards opening or expanding your business. As you work with an architect to design the perfect building, don’t forget about these three practical concerns.
1. County and City Permits
Even when you own the land you’re building on, you need permits from your county and city before you can break ground on your new project. For example, if you want to install a sidewalk outside your restaurant or store, you must fill out the paperwork for a Builders Pavement Plan NYC. If your building has more than one story or a raised entrance, you must build a ramp and prove that you are compliant with the Americans with Disabilities Act. Start this paperwork early; you don’t want to get delayed by red tape.
2. Budget
What is your budget for this plan? Do you have backing from your investors, or are you relying on loans and savings? Your budget should constantly be in your mind as you hire your architect, construction company, and inspectors. Don’t skimp on quality to save money, but also don’t start a project that you can’t afford. To help you with this step, consider making a budget for each phase of design and construction rather than the project as a whole.
3. Location
How close is your proposed location to your target audience? Is it accessible from public transportation, or do your customers need cars to get there? Keep your market in mind throughout your search to ensure that they can get to this building you’re investing in.
When you don’t want to renovate an existing property, and you have enough capital, building your own premises is a great way to develop your brand. Prioritize these three practical matters as you choose your building’s appearance and layout with your architect.