When happens when you need to renovate and restore an existing building? Especially when it comes to commercial entities, this is an important question to answer. Should you move to a different space, or take the time and expense needed to engage in restoring it?
It’s a central question to answer, but not the only one you will need to keep in mind when going down this road. In fact, here are 5 variables you should keep in mind anytime you even think about engaging in a Minnesota building restoration project.
1) When Do You Need Your Building Restored?
Obviously, this should be your first question. When do you actually need to take the step to engage in a comprehensive restoration? The answer, naturally, is closely connected to its conditions.
To thoroughly answer the question, look beyond the obvious. A failing facade may need restoration, but so might potential problems behind the interior walls. Especially older buildings can probably use a thorough renovation, inside and out.
2) What Benefits Can Arise From Restoration?
Some buildings cannot survive much longer without restoration. Others are on the edge, requiring you to consider the exact benefits you might gain from this type of comprehensive renovation. Some of these benefits include:
- Lowering costs, particularly when compared to new construction.
- Improving functionality of existing, aging buildings.
- Adding historical value to your business without losing functionality.
- Positive impacts on your Minneapolis neighborhood.
Anytime you want to take advantage of these benefits, comprehensive restoration may be your best choice. A cost-benefit analysis can help you determine whether restoration makes sense now, or further down the road.
3) What Permits Do You Need?
Before you engage in the actual restoration project, you need to make sure that you’re in compliance with all local and state laws. In Minnesota, a variety of historical buildings exist that might prevent you from extensive renovations. You might also need building permits specifically for the purpose of restoration.
On the other side of the equation, restoring and rehabilitating a historic building in Minnesota can bring your business sometimes significant tax credits. Will that credit equal out or outpace the additional legal work the restoration might require? That’s a central question you should be able to answer.
4) What Restoration Steps Can You Take?
Once the legal issues are ironed out, it makes sense to start looking at exactly what steps you can take to restore the building in question. This can include basic renovations such as fixing holes in the walls, but can also extend to an extensive overhaul of the facade or interior layout.
What exactly you can do depends partially on the available permits, partially on your budget, and partially on the constraints of the building itself. The more you know about these variables, the better you can plan your Minnesota Building Restoration project.
5) Do You Need to Engage Professional Help?
All of the above variables only hint at the complexity that a building renovation in or around Minneapolis brings with it. Of course, that brings up a final question to answer: who should you engage for professional help?
A construction company with extensive experience can help you make better decisions throughout the duration of the project. Seek out a partnership with a company that can help you not only in the construction itself, but the attainment of permits and any other planning variables that might come into play.
We want to be that partner for you. Our experience in building restoration projects around Minnesota makes us a perfect fit for your renovation needs, especially with historic buildings. Contact us today to learn more about our expertise, and how we might work together to make your construction project a success.
