How Can Tenant Finish Improvements Save You Money?
Are you looking to make changes to your office to save you money? Saving money is always a good thing. Great offices can go beyond simply providing a space for employees to work. If you understand how your space affects the bottom line, you can leverage your facility to:
- produce revenue
- save time
- affect branding
- drastically improve productivity
Saving money with simple changes around your office space is easier than you think. Here are the top six improvements that have a big impact on workspace ROI.
1. Remodel Areas with the Highest ROI
As a leasing tenant, your return on investment is always a primary consideration. For this reason, you will want to focus on the areas that provide the most profit.
According to a recent survey performed:
- Kitchen and bathroom improvements lend up to 85% ROI. New hardware or lighting fixtures can dramatically change the look of a space for little initial investment.
- Painting has a ROI of almost 100%. A rule of thumb is to give your walls a fresh coat of paint every five years.
- Flooring is one of the most important improvements improving the ROI is between 70-90% on average.
2. High-Efficiency Lighting
Let There Be Light! For most tenant improvement projects, you will get your highest energy efficiency return by upgrading your lighting. While LED lighting is a popular choice. We want to let you know it is not only way to save energy in lighting. Using Compact Fluorescent Light bulbs in compatible sockets can cut your energy consumption by 75%. Also, exchanging old fluorescent fixtures for T8 Linear Fluorescent Tubes is an inexpensive upgrade that makes a real difference.
3. Motion Sensitive Light Switches and Timers
Make sure you are using new advances in technology by installing motion-sensitive switches and timers. These technical advancements ensure that your lights are on or off when you need them. Furthermore, you can be sure that they’ll work even when a team member forgets to flip the switch.
Also did you know, motion-activated lighting can fend off criminals? Choosing a set time for lighting to go on and off can deter intruders. Many smart lighting devices provide an “away” mode, which turns lights on and off randomly during a set period. This feature makes it seem as if someone is present and moving room to room.
4. HVAC Upgrades
Even if your building has a central climate control system there many be room for improvement! The way ducts and controllers are set up has a great impact on how much energy you use. As a part of improving your space, try investing in your HVAC system to make it more energy efficient. More zones allow you or your property management to tailor your HVAC system’s performance which leads to dollars saved.
5. Upgraded Appliances and Equipment
Any appliances or equipment that you buy should be Energy Star Rated. Whether you’re buying a refrigerator for your break room or an extra air conditioning unit for your server room, these new upgrades can help you save. Energy Star Certification means that the equipment you’re buying has industry-leading efficiency. In addition, try upgrading your power strips to intelligent ones. This can save power when plugged-in devices don’t actually need it.
6. Efficient Window Treatments
Efficient window coverings can reduce heat entering or exiting your space. Even if you can’t manage thermal transfer through the exterior of your building try adding other treatments. Awnings or overhangs, interior treatments like window shades, films or even drapery can reduce the amount of energy lost.
Ready to Save
In conclusion the Robert Hakes Construction Team specializes in money saving tenant improvements. We work with commercial owners, residential owners and property managers to bring any project to life. We know how important your project is to you. That’s why we pride ourselves on listening and to working within your budget. Contact our team at if you are ready to implement these money saving tenant improvements. Start producing revenue, expand branding, and drastically improve productivity today.