5 Things to Know About Commercial Remodeling

An increase in the development of small businesses in Texas is an encouraging sign of growth, and the construction industry is an essential part of this expansion. Arrant Construction can provide customized services for projects in the $1 million to $75 million range to ensure each property is right for the business it occupies. Whether you are looking for a Dallas retail store, restaurant, or office redesign, we are able to handle all aspects of the project from compliance with Texas building codes to effective space planning. When looking for “commercial remodeling contractors near me,” Arrant Construction guarantees that you get the best services that add value to your commercial building.

1. Renovation vs. Restoration - The Difference

Renovation includes the process of bringing changes to an already constructed building by changing the parts of the building which are no longer in use. It can involve changes like repair, improvement or extension to make it fit to the current trends in design or uses.

On the other hand, the main goal of restoration is to return a building to its original state and thereby maintain its historical or traditional characteristics.

2. Types of Commercial Remodeling Projects

Arrant Construction is one of the leading construction companies in Texas that offers its services to offices, retail stores, government facilities, healthcare centers, and educational institutions. These projects can be categorized into three levels:

Interior Remodel: Improvements limited to the interior of a structure, for example changing the floor, fixtures or cabinets.

Minor Structural Changes: Can include interior and exterior renovations such as new doors, windows, or roofs and minor enlargements, such as adding a floor to the ground floor.

Major Structural Work: This involves changes like new stories, new elevators or stairways, or changes that affect load-bearing walls or foundations. It may call for engineering approval which may be necessary for complex construction projects.

Arrant Construction only employs professionals in all of its projects to guarantee that only the best results are achieved. Whether a client is a property owner or a contractor, the projects are assessed thoroughly to ensure that all the necessary guidelines are followed.

3. Do You Need an Insurance Policy?

In the course of a tenant improvement project, one may find that they are not adequately protected by standard property insurance. These voids in the insurance coverage can prove costly in the event of an accident occurring during the construction phase.

Builder's Risk Insurance, sometimes referred to as "course of construction insurance'. This is a form of property insurance that covers the insured value of the materials, fixtures, and equipment involved in tenant improvement or alterations of commercial buildings. This policy protects against physical loss or damage by specific perils, thus assisting the business.

Some key protections included in a Builder's Risk Insurance Policy, which may not be part of a standard property insurance plan, are:

• Structural failure when restructuring
• Loss or destruction of items while in transit
• Cleaning up after an accident
• Repair of drains, sewers or sumps
• Construction materials theft
• Acts of vandalism or arson

At Arrant Construction, we are well aware of the fact that policies must be flexible to address the needs of tenant improvement projects. Others include options to raise the sublimit or to add endorsements in order to enhance the coverage.

Optional coverages include:

• Protections for other soft costs that may arise during extended construction time periods
• Business income and extra expense loss
• Contract change orders
• Other damages that may occur include rain, snow, or sleet.

Being a Texas based general contractor in the tenant improvements, Arrant Construction ensures that businesses safeguard their investment and at the same time create a work environment that supports their vision. Builder's Risk Insurance is a crucial component to having a successful and problem free construction project.

4. Policies and Coverage

Arrant Construction also explains the need to know the extent of coverage when undertaking Texas commercial remodeling projects. When it comes to Builder's Risk Insurance, you can find policies for remodeling projects as single structure policies. Some things that are relevant to other forms are not relevant to renovation, for instance, reporting form and deposit premium policies.

In regard to the coverage, the policy can be specific to the remodeling aspect or cover the actual building. In the case where the coverage of the existing structure is desired, then the remodeling limitation must reach at least 20% of the value of the current building construction. The cost of the remodeling work is valued at replacement cost while the existing structure is insured at its actual cash value.

It is also important to mention that the policies for ongoing construction and remodeling works contain provisions regarding construction activity. Some situations—vandalism, theft, water damage, or even sprinkler leakage—may not be covered, or there may be a penalty assessed if no work has taken place in 60 days prior to a loss. Work such as repairs, installations or painting is considered as constriction work under the policy terms and conditions.

5. Policy Expiration Management During Projects

Since the commercial remodeling timelines are usually uncertain, flexibility is important to Arrant Construction. These policies are usually available with a term of six months, nine months, or twelve months based on the project size. However, for projects that have both remodeling work and existing structure coverage for the total value of $50,000 or less, 12- month terms are not possible.

If a project is in progress at the time when the policy has expired, the insurer may be approached for an extension. To prevent policy rewriting, the extension always has to be submitted before the policy’s expiry. The extension period could be less than six months depending on the circumstances, which makes it possible to have work delayed renovation works.

FAQs

What is commercial remodeling, and why does it matter?

Commercial remodeling is the process of altering or modifying business premises in order to enhance the appearance and usage. From office remodeling to tenant improvement, or restaurant refurbishments, these changes enhance the comfort and productivity of the employees and the consumers, which in turn aids business expansion.


How can I get the right commercial remodeling contractors near me?

First of all, it is advisable to search for contractors who have relevant experience in the particular kind of project you require, like office overhaul or tenant improvement. Some of the things you can look at include reviews, portfolios and references to check whether the contractor in question has the capability of delivering quality service within the right time and with proper cost management.

What is tenant improvement in commercial remodeling?

Tenant improvement is any alteration of the building relating to the interior space of the tenant’s leasing area. Some of the common ones include installing office partitions, changing the floor, or improving the lighting to make the space more useful and suitable.

What is the duration of an office or restaurant remodeling project?

The time frame depends on the project size and its complexity. Office renovations may take a few weeks, while large food service renovations may take a few months. Your specific needs will determine the time that a professional contractor will estimate to complete the job.

Is it possible for commercial remodeling to raise the value of my business property?

Yes, improvements such as tenant improvements, office improvements or restaurant improvements can add quite a bit of value to the property. New layouts, better organizational aspects, and a warm environment can help to get more tenants, clients or customers for your property, increasing its value and usefulness.


123 Main Street
Springfield, IL 62704

This includes:

Street Number and Name: 123 Main Street
City: Springfield
State: IL (Illinois)
ZIP Code: 62704

Arrant Construction https://www.arrantconstruction.com/commercial-remodeling-build-outs-contractors/ specializes in commercial remodeling and build-outs, transforming spaces to meet business needs. Known for quality craftsmanship and tailored solutions, the company delivers efficient, high-standard results for various industries.

This release was published on openPR.