Are you interested in renovating old apartment complexes but aren’t sure if you will be getting in over your head? These commercial construction projects are complicated processes but you can recoup a huge return on your investment through renovations. You will also have the pleasure of turning an older, out of style property into an updated, stylish apartment complex. These types of projects can be complex. You’ll need to consider many different options like energy efficiency, updating heating and cooling systems, bringing the building up to current codes and several other issues.
One of the first things you’ll need to investigate during these types of renovation projects is the building’s systems. These include heating, air conditioning, plumbing, elevators and any other building-wide features. You will need to bring all these systems up to date. This will be one of your most significant investments. You can’t move tenants into a building when the all the systems are out of date. The good news is that you will be installing systems that are modern and will be significantly more energy efficient than the systems that existed in the past. You may be eligible for rebates and tax deductions.
Repairs, redesigning and painting will be a major part of your commercial construction project. The walls should be painted or updated with modern wallpaper to make the walls look clean and attractive. You will also need to replace carpeting or repair tile and wood floors. This will give the floors a fresh, modern look. Kitchens and bathrooms may need redesigned to accommodate modern needs.
You’ll need to consult with your general construction coordinator to ensure that your building is up to local code and is in compliance with the American with Disabilities Act (ADA). As you are completing the renovations, you may have to expand certain projects so that your projects are in compliance with the ADA. In some cases, the rules may not apply to your building as it may be grandfathered in. However, if you intend to sell the building down the road, making the renovations now makes sense. If you can’t make all the ADA renovations now, you can consult with your contractor to plan ADA renovations over time.