A firm in need of space may be eager to keep costs under control by not automatically deciding to buy land and construct a new building. Consideration should even be given to the eco-friendly benefits from reworking a structure rather than building new – but building new, or buying old, have five important things to consider:
- INFORMATION
Gathering current information – including overall costs of commercial/industrial space, vacancy rates, and the readings of overall economic barometers – is the first step towards deciding whether to buy old or build new.
- TRANSFORMATION
If one decides to buy an older building, be certain that the basic structure will allow the company to meet its needs for space. These opportunities can at times involve substantial building transformations. One example from CNH Architects includes the conversion of a bank in Mora, MN to a new police headquarters. The old and new occupants actually had a lot in common: a need for security and proximity to city hall, to start. Electricity and ventilation were updated, but the bank safe was kept and now is used to store evidence. Make sound judgements on how the features of the building can be maintained to reduce overall costs.
- EVALUATION
Although an older building may have high-quality construction that would be very costly to duplicate, careful analysis is required before moving forward with a conversion. A business owner should get an evaluation of both the building and the property. Is it structurally sound? Does it contain asbestos and harmful contaminants that may drive up costs? Environmental testing should be conducted for both the building and the property. Moving to the interiors: do the mechanical and electrical systems meet the projected needs? Is the lighting system efficient, or would a new lighting system save electricity?
- LOCATION
As with most real estate or property judgements, location is a key element. Is the site appropriate? Does it provide the desired visibility? Do the new use and the needs of the business fit with the zoning? Is there sufficient parking to meet business needs?
- SPECIFICATION
Finally, one should not overlook the requirements of the Americans with Disabilities Act. Are all areas accessible? With several floors, is there a need to install an elevator? There may be a need for added fire protection, or more bathrooms.
With so many considerations, it is important to work closely with qualified teams, such as CNH Architects. The needs of the owner should be understood – so that solutions can be worked out from start to finish. Although some complications may arise, a team that includes experienced architects will be far more likely to achieve the desired outcome.
For 5 Things to Consider When Building a New Facility, read this blog post.
This article was based off an interview with Quinn Hutson, Principal of CNH Architects, Ltd.
Headquartered in Apple Valley, MN – CNH Architects, Ltd. is a creative, service-oriented firm that provides innovative design solutions for the commercial building and retail areas, public sector clients, vehicle facility projects, daycare and animal care facilities. CNH Architects has served clients in the Twin Cities and Upper Midwest since 1969.