Shop renovation in Sydney, Australia is a frequent and planned event to keep the customers coming back, and the property looking good. This supports the rental so that the property can compete with other properties in the local area. Failure to refurbish or renovate puts you on the path to inferior property performance and rents. This can happen pretty quickly. Rent is an integral part of a property strategy.
Give due regard to the terms of all the leases in the property before you commence, as some might have clauses that will affect the staging or project planning. Local property legislation relative to retail property can also have procedures and allowances for property renovation.
Renovation therefore becomes part of shop business plan and you should know that what you are doing before you commence. This may lead to months, if not years. Minor renovation is something that happens in a single form or another every 5 years or so in a shop, and with major renovations happening on average every 8 to 10 years.
Property renovation is a plan that requires mindful planning speaking of shops. The property should not be renovated at the peak times of the year, and the renovation should be kept to a rigorous time schedule and results. The developer or builder you use for the project is the first vital decision that you will make. They should give proof of other renovation projects in same type of properties. They should be able to tell you precisely how they handled critical daily problems at a property like foot traffic, lighting, storage, dust, and noise. They should show how they completed other similar intricate projects on time and within budget.
Make your property renovation a community event and create excitement around it. Make major statements about the renovation before and during the process so that the community knows what is going on and has much expectation from the result.
Get the community involved in the future of the property by undertaking surveys about concerns and requirements. The survey results can be used in a project if they are warranted and will create better community interaction with the final property release.
Creative signage should be placed on all the safety barriers and renovation hoardings across the property clearly informing the community what is happening. They more they know what is happening; the more likely they will return when the works are completed. Shopper tolerance is what you require from the outset.
The promotional campaign of a shop renovation in Sydney, Australia should have clear goals like:
- Creating a new identity for the shop as a feasible centre providing fresh new shopping options suited to the community’s requirements.
- Giving the property a name that entails something positive to the local shoppers.
- Provide invaluable community services to the kids and families of an area in ways that strengthen community bonds.
- Build relationships with the media to generate free publicity wherever possible as the renovation proceeds.