For businesses starting to outgrow their current space, they often have two options—remodel an existing structure or opt for new construction. The decision hinges on several factors, with both choices having their respective merits. If you find yourself choosing between the two, below are a few things to consider.

What Are the Pros of Remodeling?

Renovating an existing structure involves making a few changes to accommodate your needs. With remodeling, it is restrictive in scope and disruptive. However, it offers you the following advantages.

• Lower Cost: Renovations will cost you, but not as much as building a new facility. If you have a limited budget, you can choose to remodel in sections, focusing on essential aspects to avoid overspending.

• Shorter Timeline: Since remodeling entails working on an existing building, construction can be finished in a few weeks. It means you can have an upgraded or expanded space in a short period, allowing you to resume normal operations quickly.  

• Less Effort: Commercial renovations require less effort to plan and execute, especially without significant overhauls or structural changes.  

What Are the Pros of New Construction?

Building a new space for your business requires more time, effort, and money compared to remodeling. That doesn’t mean you should dismiss new construction as a viable option, once you consider its upsides. 

• Better Design and Layout: Constructing from the ground up lets you plan the building’s design and layout according to your needs. It’s not possible with an existing structure unless demolition is part of the renovation.

• Greater Flexibility: With less restriction in place, you have more leeway in customizing how your commercial space will look. It also allows you to include plans for potential expansion in the future.

• Newer Systems: A new building means fitting it with the latest or most energy-efficient systems, which require less upkeep. These give you better control over operating and maintenance costs in the long run.

How to Choose

When deciding, keep in mind that there’s no single correct answer. Budget is an important consideration, but it shouldn’t be the sole factor in your decision-making. Look into other factors, too, such as municipal restrictions, and even sustainability issues. Some business owners also compute for the returns to their investment or do a cost-benefit analysis to determine the better option.

Whether you choose renovation or new construction, you’ll get excellent results from Aspire Construction Services. Providing top-notch construction services in and around St. Louis, MO, they’ve helped commercial clients build their envisioned space from start to finish. Call (636) 485-0373 to discuss your requirements today or learn more about them online.