3 important factors to consider when deciding whether to refurbish or rebuild your practice

3 important factors to consider when deciding whether to refurbish or rebuild your practice
July 23, 2019 Dentifit

If you’re thinking of building a new medical or dental practice, or if you’re considering a renovation of your existing practice, there are a few things to consider before making any firm decisions.

As you jot down the plans for the future growth potential of your practice and decide whether refurbishing or rebuilding your practice is the right option, it’s important to remember that there isn’t a one-size-fits-all solution.

Dentifit specialises in designing and creating a vision that aligns with your goals and long-term plan for your practice. Whether we are designing and building a new space, or refurbishing an existing practice, we create a space that is optimised for efficiency as well as being inviting and pleasant for patients and staff alike. That’s why we’ve put together these key points you need to consider before committing to either a refurbishment or full rebuild of your practice.

Cost differential

One of the biggest questions surrounding the build vs renovate argument is the cost. In almost every case, building a new practice is going to be significantly more expensive than renovating an already existing facility. It should be noted that renovations on very intricate buildings or complex facilities will be as expensive as replacements. It’s crucial to be fully aware of the financial impacts of these aforementioned options and to get a good estimate of the soft, hard and hidden costs of a refurbish or rebuild project. This will also include the long-term overhead costs of maintaining the space once the construction has been completed. At Dentfit, we supply accurate quotes and always work within our clients’ budget.

Renovating existing practices

If you’ve got your heart set on a current location and will not budge from that idea, make sure you take long-term goals into consideration. Start by asking the right questions. Will this space allows you the design flexibility you need, or is it going to hinder your plans? Will it allow your practice and business to grow, or will it present more of a challenge to long-term business growth? The supporting arguments for renovating an existing space pertains to existing practices that already have a solid client base, are easily accessible and have ample parking. Or, if you’ve chosen an existing practice to move into based on location alone, and the current design/layout doesn’t suit your specific requirements, refurbishment would be the most cost-effective course of action.

New practice

Practice refurbish and rebuild

It’s generally agreed that building a new practice is going to cost more than renovating an existing building, but there are many reasons why people prefer to build new. Lack of room for business expansion or introducing new equipment that’s going to require more space are common reasons for needing an entirely new facility. If there are defects in the existing building that need to be addressed, this may be another reason that a rebuild is the only option, so that you can ensure your practice is constructed on sound foundations.

Keep in mind that the costs associated with building a new practice are higher due to the fact that there is more complex planning involved. Building approval and other regulatory applications will need to be made when a new build is undertaken. Dentifit works with our clients to make sure you’re covered throughout every step of your practice transformation process.

No matter the decision, planning will play a pivotal role in how you determine whether refurbishment or rebuilding is the best option for your practice. Dentifit has been helping our clients create their dream practice for over 10 years. To discuss your practice renovations or build, give us a call on 07 3881 2215 or send us an enquiry via our online contact form!