Usually, the current location will help you decide on whether or not you need to move however, it isn’t always that simple. If you are struggling to decide whether to move into a new office space or get a new office, we have gathered positives and negatives for both.
How To Decide If Relocating Is The Best Option
The first question you must ask yourself is if the current location is suitable for your employees and your clients. Is it in a reasonable spot where people can easily get to it? If the answer is yes, it is in a good location then renovation is the better option.However, your office might be in a good location. There may be some issues regarding the size of it. Therefore, you must look for a new office space near your existing location.
There are numerous benefits to picking a new office as well. If your office is located in the city centre, you will know there are plenty of options. Plus, you can find an office space most suitable for you, avoiding as many restrictions as possible. The number of options allows you to find the perfect spot for you and your employees.
However, choosing a larger office can be more expensive. Plus, you have the additional expenses of paying for the removal costs. Then you have the minor details to sort yourself such as branding the office and ensuring there is a secure internet system in place. You also need to make sure you have the best security fit into the office.
How To Decide If Renovation Is The Better Option
If relocating your office seems unnecessary to you, an office renovation is likely the better option. For example, if you have not expanded that much in terms of the size of your team, you probably don’t need to relocate.Office renovations are great for several reasons. Firstly, with an office renovation, you can completely change how the office looks. You can improve the branding of the office (if it needs improving). You can also rearrange the layout so you can fit in more desks. Sometimes, the existing layout isn’t maximising your office space and therefore, you need to rearrange to ensure you can fit more desks in. It will be far more affordable compared to relocating as well.
If you are tied down to a long lease, you may be forced to complete an office renovation but it isn’t the end of the world. You need to ensure you are creating a suitable office space for your employees so communicate with them to see what they want and need. For example, some of them might prefer a quiet zone where they can work independently to get work done. Others might request an upgrade on the current communal area and improve the kitchen facilities. All of these are something you need to ask your employees to see what they want and need.
An Office Fit-Out is far more suitable as you can build it exactly how you want in terms of design. With an office relocation, you have to spend even more money because you will be moving offices and renovating it which is essentially doubling the costs.
To Conclude
The decision between renovating and relocating is difficult. If your existing office is in the correct location and you don’t need to upgrade in size, a renovation is a better choice. However, if there is an issue with the current location of your office, you will likely need to relocate.If budget is an issue, renovating will be the better option here. Renovation also allows you to work with your employees and ask what they want and need. It can also help improve staff retention because you are including them in your business plans.