How To Improve The Renovation Of A Floor’s Return On Investment
The primary reason for starting a renovation project is to add extra value. Whatever the reason behind it might be, renovations will definitely improve the function and aesthetics. But how technology can help improve the renovation project’s return on investment is also a vital point. Read along to find out.
The starting point for a business’ renovation project is to clearly establish the end goal for the organisation. In most cases, this does not include a simple replacement of the floor but actually meeting a business objective – such as bringing in more customers or improving a building’s efficiency. For any project to have a real return on investment, it must be clear what problems the renovation is trying to solve and the exact environment the business is trying to create. Once those goals and objectives are defined, there are several ways a business can maximise the return on investment.
On the job
When renovating, it is critical that the works do not disrupt the day-to-day activities. Many companies choose to remain open during renovations or refurbishments, meaning that the business owners must be conscious of all the subsequent noise, dust and debris. On the other hand, the contractor could work with a battery or electric powered machine, use frequently dust collection equipment and regularly remove the debris to help keep the business in operation during the renovation project.
A very commonly overlooked factor is the ergonomics – the more comfortable the contractor is, the quicker the job can be performed. That is why surface preparation equipment can be adjusted to help improve the speed of renovation. Also, having versatile equipment on the job site will improve ROI.
The latest advances in coating technology can impact the floor’s return on investment dramatically, both in terms of meeting a business objective and in the lifespan of the floor. Laying a moisture barrier underneath the floor and safeguarding it against future water damage is an example of clever thinking.
Renovation return on investment is always about more than just the cost of the project. True ROI is achieved by a project which helps a company to meet the business objective, either saving energy costs or increasing customer spend.
And finally, the most Ensuring the floor will last the test of time so the business can continue to reap the rewards of the renovated floor is another important factor.