Refurbish or move? How to make the best decision
Are you thinking of moving but can’t decide whether to opt for a refurbishment instead? Perhaps you need more space, or there are things in your current property that you would love to change but can’t.
Moving can be a great way to make a fresh start in a new location. Refurbishing, however, could be a better alternative in the long run.
Here are some things to consider when deciding whether to refurb or move:
How much hassle can you handle?
There are numerous variables to think about when moving, including estate agents, new landlords, previous owners, banks and lawyers. There’s also the not-so-small matter of actually moving your possessions into the new property.
Also a consideration is will your staff be willing to relocate to your new office? If your new office isn’t near the current transport links, it may prompt some staff to think twice and may even lead to an overhaul of current staff.
Refurbishing your property is not always free from hassle. An unforeseen event could delay your construction company. But hiring a specialist main contractor is a great way to get around this.
How much can you afford?
Moving into a property that already suits your needs is unlikely. For the new space to be any use, you will need to renovate it, adding to your budget and taking more time and hassle.
An interior fit-out on your existing property will save you the cost of moving. Plus, you can create more office space, improve energy efficiency, and you may have the possibility to negotiate new rates with the landlord or building owner.
While these questions remain if you decide to stay, you haven’t laid out the costs of a move and a potential refurbishment, leaving you in a better position to face whatever the future holds.
The choice is yours
While both options come with their risks and rewards, refurbishing your current property could save you time and money. You can achieve a fresh start by fitting out a property you’re already comfortable in and know well.
You can lessen any risks by hiring an experienced contractor you can trust. To find out more about fit-out companies in London, contact Virtus today.