The relationship between a property owner and a tenant can be quite tricky. Both parties have to sit down and understand the lease terms. It isn’t an easy process! Did you know that a section in the lease talks about the tenant improvement construction process? You can hire a top tenant improvement contractor, but first, you must understand what it means. The next step would be to choose a good tenant improvement contractor. We will share more about it through this post.
What is tenant improvement construction?
Tenant improvement construction is done when one has to configure the space to suit the tenant’s requirements. However, the tenant has to look at the lease and see what’s included.
When discussing leasing a commercial space, examining the tenant improvement construction aspect is essential. Let’s share a quick example with you. Every business has unique requirements, so a tenant would like to get the commercial space improvised as per their needs.
The tenant may need a partitioned office, a kitchen, a spacious meeting room, or an activity room. It’s their choice of what they want in the new office. The tenant feels thrilled to be in a freshly leased property because they want to embrace change. So, a tenant should understand what all changes can be done to the office as per their requirement. Understanding the agreement is most important!
So, the whole idea is to choose a reliable tenant improvement contractor. You want someone who can deliver the best results without hassle or expense. How do you select the best contractor? We will tell you in the next section!
Choosing the Best Tenant Improvement Contractor
#1 You want someone with experience.
Hire a company that is passionate about its work. You want a passionate professional, but you also want someone with experience in this industry. Hire an experienced commercial renovation contractor with a track record for delivering top-quality commercial tenant improvement projects. They know all the state and municipal rules, so there will be no negative impact. The professional also gained insight by working on past projects, so they will be able to solve any problem.
#2 Connecting with the Contractors Should Be Easy
You have to choose an easily reachable contractor. You don’t want to hire someone who vanishes or disappears suddenly. You need a professional who listens to you and discusses different ways to reach your goal. Hire someone with easy and good communication skills. You don’t want a person who brings drama.
Ask yourself if the contractor is reliable and trustworthy. You should be comfortable with their communication style. Do they also provide updates regularly? This is a good sign!
#3 Hiring Someone Who Thinks Out of the Box
Hire someone who is not afraid to experiment or think out of the box. There are many cookie-cutter tenant improvement strategies to finish the job, but you don’t want that.
Creativity is required even in this project. You want to make the best use of the space you have. Moreover, you’re looking for the best outcome too. Ask the contractor what they learned from the previous project. Their experience in past projects must’ve taught them something about thinking out of the box and bringing something unique.
#4 Work with someone professional and reliable
Look for skills like reliability and dependability. You want to work with a professional who takes pride in their work. Ask yourself a few more questions, and feel free to interview the contractor. Ask yourself if they are knowledgeable. You also want to know if they can deliver the project within a specific timeline. Timelines are very important – you don’t want to lose a tenant.
Check the reputation of the contractor. Do they complete projects on a timely basis? They should stick to their promises.
You should also ask if the professional can take up special requests. You want someone talented, professional, and an entity who understands your vision.
#5 FOCUS on Quality
Renovation cost would be your big priority. But don’t let it be a deciding factor. Tenant improvement contractors will quote the pricing, so it is up to you whether you wish to negotiate or accept the pricing and let them begin the work.
But do not give up on a good contractor because quality workmanship offers excellent value too. Interview a few contractors, check bids, and then accept the quotes. You should not place all your bets on one contractor – feel free to contact all reputable contractors.
So, if you are a landlord and your tenants have requested changes in the office setting, you should connect with a contractor and get the project started as soon as possible.
