Construction projects aren’t cheap. There are many things that must be considered before the first blueprint is drawn up, none likely more important than your overall budget for the project. Even when considering renovations, though a cheaper alternative, they can be costly depending on a variety of factors.

For example, ProEst® estimates the average commercial construction cost of mid-rise office space is between $330 – $870 per square foot. When looking at a performing arts center or a medical office, those rates increase to between $451 and $1,272 per square foot. Local pricing tends to be more competitive than this depending on the construction type and site requirements. 

While not as costly as a new build, it’s still important to take the budget into consideration when deciding to start a new project. For example, when we look at renovations, a project owner should consider budgeting roughly $36,000 for a 180-square-foot office, according to Chron.  Every project is different, though, and will require pricing tailored to its specific needs. Per square-foot pricing may be a good benchmark but is not something our experts use for establishing our final project budget. 

The budget is also vital to consider when selecting your construction partner. You don’t want to select a contractor who can’t deliver more bang for your buck. Money remains limited, so partnering with a firm that can deliver on your vision while sticking to your budget is important. That’s why you should consider partnering with a value engineering firm, like Leon Williams Contractors.

The Maryville commercial construction experts at Leon Williams believe in protecting your investment while also maximizing its value. As your construction partner, our experts will provide consultations that help you make informed construction decisions that align with your project goals and budget.

Providing honest evaluations of the value, quality and life expectancy of recommended building alternatives and solutions is our specialty. For example, we may recommend alternative finishing products for your new office space that provide the same quality and ambiance at a fraction of the cost. As value engineering experts, we focus on eliminating unnecessary or redundant functions and costs by exploring different solutions that provide the same or better function while meeting your expectations and budgeting goals.

If you are ready to maximize your budget, reach our experts at (865) 982-1734 or contact us online.