Breakdown of Interior fit-out cost
|Space planning ||£100-£200 /sf|
|Design fees ||£100-£200 /sf|
|Construction costs ||£50-£250 /sf|
*Costs will vary depending on the specific project requirements.
When budgeting for your interior fit-out, it is important to consider all the project costs. This includes space planning, design fees, construction costs, and furnishings.
Factors that will affect your budget
1. The size of the space
The size will determine the interior fit-out cost. If you have a large area, your interior fit-out expenditure will need to be higher. This can be optimized by leaning into designs that leverage open spaces and other similar trends. However, even in that case you should still anticipate paying a large sum for your fit-out as the size of your office grows.
2. The type of space
The kind of space will also determine your overall interior fit-out cost. Fitting out an office is generally more expensive than fitting out a retail store, for example.
This is not always the case though. Some residential projects can cost even more than commercial ones in their fit-out. This is especially true if you plan on using modern materials or construction methods.
While your location won’t directly impact the cost of your fit-out on site, it will play a role in determining the cost of delivering furniture and materials. You may also have to deal with congestion issues if you’re in a particularly popular area.
4. The type of interior
Needless to say, if you want to go for a more luxurious interior, you should set aside more money for your fit-out costs. Working with a good designer is a good idea in that case, as it can help you save some money.
5. The interior design
You must also think about the style of your interior design. Something fancier and more complex will naturally cost more. Working with an experienced interior designer is a good idea if you want to ensure that you’re getting the best value for your money in this regard.
This is also something that usually requires you to start searching as early as possible. You will need to take advantage of discounts and other deals to save some money on your design.
Using more expensive equipment naturally means that you’ll have to spend more on the fit-out of your new location. Checking the second-hand market can be tempting, but it should be done with caution as you may end up getting something overpriced that doesn’t fit your requirements.