Operating Costs: What Do I Need to Know for My Next Commercial Building Project?
In our previous blog about adding value to your building project, we covered the proper ways to manage your project and why starting the planning process early is key to a successful project. Tips #6 and #7 cover operating costs and selecting the right construction professionals.
Tip #6: Consider the Operating Costs
Taking the time to anticipate costs that can arise post-production, during building occupancy, will give you greater control over future finances. These factors include:
- Property taxes
- Insurance premiums
- Utilities and upkeep - which is probably the most important issue.
You will have to pay for the week-to-week, month-to-month upkeep – inside and outside, which include items such as cleaning services, lawn services, pest control and regular heating and cooling checkups. The cost of utilities is a good item to look closely at before you even start building – do certain materials offer natural insulating properties to keep costs down? Are there local agencies that offer tax advantages if you use environmentally-friendly materials and processes? Might you package your business as “green” to take advantage of some marketing opportunities?
Tip #7 Select the Right Construction Professionals
Commercial building expertise does not come easily or overnight. Look for a builder who has the expertise and experience necessary to lead you through the entire process – someone who is not just a salesman or estimator. Check references; look closely at their reputation in the building community and community at large. Are they a stable business who will be around to finish the project? FBi has a solid reputation throughout the Midwest, is easy to work with and has the expertise to guide you through the entire construction process.
Do you have more questions that are not covered in this article? If you need help designing and planning, please contact FBi Buildings at 800.552.2981 or click here to email us. If you are ready to get a price, click here to request a quote and a member of our customer engagement team will help you determine the next steps of your project.
About Angie Dobson
Angie graduated from Indiana State University with a Bachelor of Science in Interior Design. Prior to joining the FBi team, Angie was a kitchen and bath sales consultant in Lafayette, IN. In 2012, she started with FBi as the Inside Sales/Marketing Assistant. Today she holds the role as Marketing Project Manager. Angie grew up in a farming community and has always enjoyed helping her family on the farm. A past 10 year 4-H Member, her passion for livestock pursued her to take a career in the agriculture field. Her and her husband live in Northwest Indiana with their two daughters. In her free time, she enjoys outdoor leisure activities and spending time with friends and family.