There are many vital aspects that go into planning a commercial construction. Unless you’ve catered to all of these, you may later run into issues you did not foresee, which may get to compromise the building safety or increase the costs dramatically. To avoid this, consider the tips below.

1. Choose a general building contractor you can trust

This decision has the biggest impact. Select a contractor and draftsman with experience, skill and integrity. Your main goal should not be saving as much as you can, but ensuring everything is done properly. A good contractor should also provide a realistic project estimate beforehand and allow negotiations. Also, it’s the contractor’s responsibility to obtain the needed permits and to get in touch with material suppliers.

2. Evaluate your finance options

To see how much money is really needed, first you need to understand as much as you can about the project and everything that goes into it. It’s time to consult with reliable specialists. You should contact construction consultants, usually to be found with construction management companies. As you get expert project consulting, you become aware of all aspects involved and additional expenses. Consultants will cater to your project scheduling too, as well as to project reviewing and estimations. Once you have this knowledge and the detailed plans, you may proceed to exploring more financing options. To compensate for the expense long-term, you may want to consider renting out part of the business space you’re building.

3. Carefully select, inspect and document the location

Don’t simply select a location that looks good. Have it inspected and measured accordingly, so you know it’s truly suitable to your project and meets your expectations. Do your best to find out from locals whether there are any issues in the area or not. Keep in mind your need for security and accessibility. Know if the terrain is safe (stable) for the construction you’re planning.

4. Consider taking all safety measures beforehand

The safety aspect is crucial. Before the building process begins, make sure the plans include emergency exists, fire stairs and so on. Reinforcements and strong foundations may also be relevant. Electronic security systems and alarms can be left to a later stage.

5. Get a contingency plan ready

Even when you’ve done your best to consider all expenses and implications, you may eventually discover aspects that were ignored. Or, you simply did not foresee those. Extra costs may come from post-construction landscaping, electricity and plumbing works, equipment, debris removal etc. The contingency plan should represent 5 to 1% of the total cost of the project.

As a final piece of advice, avoid making any last minute changes. This may turn your plans upside down and get the expenses out of control.