How Much Is This Going To Cost?
Vol.2, Issue 7
How much is this going to cost? Like we haven’t heard that before, right? For most showroom owners and managers, that is really what weighs heaviest on their minds when deciding to remodel or build a showroom.
The first thing you need to establish after determining that you are going ahead with the project and have established the type of showroom you want, is to create a budget. Budgeting is as much of a mental issue as it is a financial issue. The dollar amount you determine you can comfortably afford in your mind might not be realistic in creating the showroom you want. That can be very discouraging to say the least.
Every job has a budget. Period! The core of success and happiness with your building project begins with an accurate and realistic budget. My experience in the construction industry for over 40 years and the design field for over 35 years have allowed me to go back and test the cost projections for showroom projects. I have developed a schedule of budgets that will keep you out of trouble cost-wise and help create a realistic expectation of expenses.
David L. Hawkins Design Management
Budgetary Cost Guidelines per Square Foot for Showroom Programs
Please see the following chart for our budgetary cost per Square Foot:
Demolition $ 1.50 per sq.ft.
New walls w/ blocking & light carpentry $ 9.75 per sq.ft.
Electrical & lighting $ 14.00 per sq.ft.
Ceiling Grid (no pads) $ 3.00 per sq.ft.
Painting $ 3.00 per sq.ft.
Plumbing (Existing) $ 3.50 per sq.ft.
Floor coverings $ 4.50 per sq.ft.
Displays & Millwork $ 60.00 per sq.ft.
Custom Shower Display $ 6.00 per sq.ft.
Furniture $ 6.00 per sq.ft.
Contingency $ 4.00 per sq.ft.
Total Budgetary Cost per Square Foot $115.25 per sq
These budgetary costs are meant only to be guidelines and may be adjusted based on the type of construction and nature of your showroom remodeling. I should point out, that the contingency budget is one of the most important numbers to include in you budget, due to unforeseen problems that always arise during construction. These guideline budgets are developed to consider construction costs nationwide other than Hawaii. (Which I look forward to making a study of! )
This is the seventh in a series of 12 topics outlining successful Showroom Design Cost Management. Look for next month’s topic: How Quickly Can It Be Done.
Contact David Hawkins for a FREE Showroom Design Consultation!