How to Keep Medical Office Construction Costs Low
One of the top concerns for anyone who wants to invest in healthcare office renovation is the cost. Your medical office may require some upgrades if you’re planning on adding more staff or expanding. However, you may not afford a complete renovation of the medical office space. Luckily, there are ways to cut back on construction and labor costs. How much you spend on the construction will depend on the location among other factors.
Where is the medical office located?
The location of your medical office will really determine how much you spend on construction. There are areas where construction projects are relatively cheaper because materials are readily available and there’s also a surplus of contractors to work on projects. You may find a great location to set up the medical practice but realize that the building costs in the area are extremely high. If you choose a less-desirable location, you may spend less on construction.
The important thing is to ensure that the location you choose is favorable for your patients. You don’t want to choose a neighborhood that has security issues or where customers won’t feel comfortable visiting. You also want to make sure the medical practice is easy to access especially if you also offer emergency services. Other factors such as whether the location has adequate parking and a serene environment must be considered before you settle for the ideal place to do business.
Get qualified experts
As soon as you’ve settled on the location of your medical practice, the next important step is to choose an architect and designer to bring your vision to life. Start working with an architect to design the space for you and give you a cost estimate. You will need to do some calculations to determine if the figure you’ll spend on the construction project makes sense.
If you find a reliable design-build team, you should be on the right track and begin working on the project. You can decide on how much income will be used to pay back the amount used for construction. You should know what you can and cannot afford by working with your accountant to figure out the numbers.
Make cuts where necessary
There are places where you can make cuts in order to save money and upgrade later on when necessary. For instance, you can always choose a cheaper model of cabinets and then replace them a number of years down the line. Cabinets don’t wear out quickly, even the lower quality ones that come at a cheaper rate. You can start with products you can afford and then upgrade in a few years when the medical practice is generating adequate cash flow.
Partner with expert renovators
The best way to spend less on medical office design and construction projects is to partner with the right crew. A reliable construction crew will work with your budget to build a medical office you can afford. Don’t forget to get inspiration online and borrow ideas from medical practices all over Toronto.
