Re-designing your office can be an exciting and rewarding process, but it’s important to approach it with a budget in mind to ensure that you stay on track financially. Whether you’re working with a small budget or a large one, it’s crucial to create a budget and stick to it as closely as possible.
A budget will help ensure you don’t overspend and can help guide your tough design decisions. Getting clear on your office re-design budget allows you to start setting design priorities and finding the professional expertise needed to execute an expertly crafted office re-design.
Here are some tips for budgeting for your office re-design:
1. Determine Your Budget
The first step in budgeting for your office re-design is to determine how much money you have available to spend. This will help you set realistic expectations for what you can achieve with your redesign and will help you prioritize your spending.
While it may be difficult to land on a hard number at the beginning of your re-design process, keep in mind that your budget may need to be flexible until you have more concrete design and vendor information.
2. Make a List of Priorities
Once you have an idea of your budget, make a list of your priorities for the redesign. This could include new furniture, lighting, paint, flooring, or any other improvements you want to make. Consider what is most important to your business and its success, and allocate your budget accordingly.
For example, if your team is constantly struggling with poor lighting or uncomfortable chairs, those might be areas to prioritize. Prioritizing your spending will help you allocate your budget effectively.
Check out our recent article for the seven things to consider for your workplace design floor plan. We outline the key considerations needed to design the perfect office design.
3. Research Costs
Before you start making any purchases, it’s important to research the costs of the items on your list. Look at various retailers, including custom furnishing experts, and compare prices to ensure you’re getting the best deal and quality. This will help determine how much you can afford to spend on each item and will allow you to make informed decisions about your budget.
Additionally, it may be wise to consider not just upfront costs, but also the long-term costs of any purchases. For example, investing in energy-efficient lighting or custom furnishings that stand the test of time, may have a higher upfront cost, but they can save you money on energy bills and maintenance in the long run.
4. Get Quotes From Different Vendors
Re-designing an office requires the effort of many different vendors. You must get quotes from multiple companies to keep you on track with your re-design budget. This will help you get a sense of the going rate for the work you need to do and can help you make an informed decision about which vendors best suit your needs.
At Acacia, we make working with us easy. Simply fill out this form for a custom quote. Our team will reach out to you right away with all the information you need to decide if partnering with us for your custom furnishings is right for you.
5. Remain Flexible
As you work through the redesign process, it’s important to be flexible and willing to make adjustments to your budget as needed. While keeping track of all your receipts and invoices and regularly reviewing your budget keeps you organized and on track, it’s important to leave room for the unexpected.
If you encounter unforeseen costs or if your priorities change, you may find that you need to reallocate your budget to ensure you’re able to complete the project as planned.
6. Plan for Unexpected Costs
It’s important to anticipate and budget for unexpected costs when planning your office re-design. Things don’t always go to plan, and it’s important to have a cushion in case you encounter any unexpected costs or delays. These could include unforeseen repairs or changes to your original plans. Set aside a portion of your budget for these unexpected expenses to ensure you don’t go over budget.
7. Don’t Skimp On Quality
While it’s important to stay within your budget, it’s also important to remember that quality should not be sacrificed for the sake of saving money. Investing in high-quality products and materials will likely pay off in the long run, as they will be more durable and may require less maintenance.
If you need help navigating the world of different office furniture and design companies, read our guide. Finding high-quality office furniture and designs is a critical component of your office re-design process, but we make it easy to find a high-caliber company to help bring y our design to life.
8. Seek Professional Assistance
If you’re having trouble budgeting for your office re-design or if you’re not sure where to start, consider seeking the assistance of a professional. An office planner or similar professional can help you create a budget and a plan for your office re-design, and can provide valuable guidance and advice throughout the process.
By following these tips, you can create a budget for your office re-design that allows you to make the improvements you want while staying within your financial means. Remember to be realistic and flexible, and to always keep your priorities in mind as you plan and execute your office re-design.
If you need expert advice on how to budget for a custom office re-design, reach out to our expert team today. We can guide you through the custom furnishing process and explain why going custom with your office re-design gives you the largest return on investment while remaining within your budget.