Thinking about a new office fit-out or re-location? There’s no denying that a great fit-out can optimise more than just a space, but can completely transform a company’s workplace morale and output. Still, deciding whether to relocate your business to a new space, or invest in overhauling your existing office premise comes down to a few key things.
What are you future growth plans? Where is your business headed? If you can get clear on your company goals and vision, as well as your financial standing you’ll be a step closer to making the right decision for your business.
Use our checklist to help determine the right move for you. Have you asked yourself the following?
Vision
- – What turnover is forecast in the next 5-10 years?
- – What does this mean for staff numbers?
- – Does your current building provide for these needs?
Practicalities
- – Do you rent or own your current space?
- – How long is left on the lease?
- – What are the fees/costs associated with breaking the lease?
- – Are you happy with current costs, or are you looking to reduce your overheads?
- – Do you have your landlord’s approval for the alterations?
Location
- – Is it in a good proximity to clients/and or suppliers?
- – Is the space convenient to public transport and other facilities (lunch spots etc.)
- – Is the facade/street frontage appropriate for the business type?
Staff
- – How is morale and retention rates looking?
- – Have you spoken to current staff or – at the very least – key players as to how they feel about the current space?
- – Does your space attract new talent (if you’re looking to expand)
Research
- – Have you looked at other available spaces that may suit your new needs?
- – How they priced?
Budget
- – What is your budget?
- – In addition to the actual fit-out have you factored in the other expenses like surveys and environmental assessments?
Tip: Make sure you get a list of ALL of the possible fit-out items – floor coverings, partitions, furniture, lighting, ceilings etc and then add an extra 10% on top of that.
An Office Fit-out Expert
- – Have you consulted an expert to discuss practicalities and any limitations?
- – Do they have the relevant environmental, health & safety and insurance credentials?
- – Have they provided you with any 3D or technical drawings?
A new office fit-out is an investment in a better business. It’s now time to determine whether an office fit-out is the right investment for YOUR business. We’ve hopefully got you thinking about some of the many factors you should consider. Any further questions about your potential office fit-out project? Get in touch with us today.
