Tenant Improvement without Breaking the Bank
I have a number of clients, smaller businesses or start-ups, that work with very limited budgets in improving their leasable space. Majority of them do not have a clue of what it entails to take on a renovation project. They only look at the dollar figure as the bottom line and get a bolt of shock when underlying costs begin to show up. My advise is really to do proper research. Look at very realistically what the construction costs are going to be and that is including: professional fees and permit fees. Prepare in advance. For smaller projects, it is more often than not difficult to get professionals and contractors to get interested. Set timelines that can be met and works for your operations. Do not ask for impossible schedules, you do not want people walking out on you. Be aware of City requirements and timelines. The City is busier this time of the year, processing permits ta...