When the needs of your company change or you outgrow your current space, you have three basic options: build, remodel, or expand. Each of the three has its own pros and cons you should consider before making your final decision. Choosing a new construction project can provide a blank canvas you can make your own, while remodeling or expanding can be faster and cheaper.

New Building Pros

  • You get to pick the location, size, layout, materials used, and just about everything else.
  • When planned correctly, a new building can support the growth of the company for years to come. This means you won’t have to worry about having this debate again anytime soon.
  • Since this option will happen at a new location, you won’t have to worry about day to day operations being interrupted.

New Building Cons

  • This will most likely be the most expensive option of the three.
  • If you’re looking for a quick fix, this probably isn’t for you as it can take quite some time to make all the plans and finish the new building.
  • A new location means employees will have to change their commute and some operations will have to be adjusted.

 Remodel Pros

  • Since there’s typically less work to be done, remodeling is your fastest option.
  • It’s also going to be the cheapest because you don’t have to buy as many new materials.
  • You won’t have to change locations, so commutes and daily operations can continue as normal.

Remodel Cons

 

  • Anytime you start tearing down walls and ripping out floors, there’s the risk of uncovering a hidden problem that can result in time delays and budget complications.
  • By just remodeling, you can freshen things up a bit and rearrange for more efficiency, but you can’t really add more space.
  • The noise, dust, and foot traffic can sometimes interrupt employee’s workflow.

 

Expanding Pros

 

  • You get a new space with all the modern accommodations, without having to move.
  • Employees can go about their days uninterrupted while construction happens.
  • Once construction is done, employees can quickly move into their new space without the need for much coordination from management.

 

Expanding Cons

 

  • By having a newly constructed expansion and an older part of the office, some employees might feel left out if they don’t get to move into the fancy new part of the office.
  • If the office is landlocked with no room for expansion, this may not be a viable option.
  • There’s a good chance of running into some red tape when trying to expand the footprint of an existing building.