Almost all businesses and service providers rely on suitable commercial businesses, and as it stands there are more than 5.9 million commercial buildings in the US.
Commercial buildings vary greatly in terms of design and quality, but none last forever. You may have a property you want to renovate, or you may need to build one from the ground up. Either way, working with a reliable turnkey construction company will help.
In this guide, we’ll cover everything you need to know about turnkey renovation so you’ll know how to go about your new build or renovation project. Keep reading for more.
How Turnkey Construction Works
In construction, the turnkey process involves a contractor and a project owner working under a single contract to build a property from start to finish. The contractor is responsible for planning, designing, and building the property in its entirety. This differs from regular construction, as this typically involves various teams for things like windows, plumbing, electrical systems, and more.
The term “turnkey” typically refers to a product that’s sold as finished. As such, in turnkey construction, the buyer isn’t legally responsible for the building until it’s completed.
With turnkey property improvement, this is somewhat similar. The only difference is the project will be on a building that already exists. It will still be performed by a single contractor until it’s finished.
What You Need to Start Turnkey Construction
The overall process isn’t too different from standard construction. You’ll start by meeting with the contractor to discuss your building. This will involve going over the specifications to confirm you’re both on the same page about what’s going to be done.
This will essentially be your only involvement, however. From this point, the contractor will be in charge of the project management. This includes the schedule, budget management, and everything else.
They’ll manage everything to completion, including any finishes. At this point, they’ll hand it over to you.
It’s worth noting that with CCSI, you can have full design input at the start to ensure you end up with a building that meets your exact specifications. Some contractors will only allow you control over certain aspects, so this is something you need to think about.
Benefits of Turnkey Construction
One of the key benefits of turnkey construction is you don’t need to obtain a construction loan. These aren’t always easy to get and can come with high rates, so avoiding them is ideal. It’s worth bearing in mind this will also save you money on interest when paying back a loan.
Another benefit is the workers building your property will be more likely to stick to deadlines. Timeframes can be a major issue in construction, but as the contractor will be responsible for all deadlines, they’ll be more motivated to stay on track.
On top of this, it’s just a simpler method. You discuss everything with the contractor at the start, then don’t need to worry about the property until completion.
Your New Build or Renovation
Turnkey construction can be perfect for your new build or renovation project, you just need to go with a reliable company. CCSI is a general contractor that has years of experience with multi-family and commercial construction projects. Contact us today to find out more about our services.