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Renovation vs. new construction: key factors to consider

Reviewing current considerations involved in the age-old decision

Deciding whether to renovate an existing facility or build a new facility from the ground up is not for the faint of heart. Fortunately, there are a few key elements in the process that can assist you in clarifying the key decision points. Typically, these come up as the organization creates a master plan or conducts a feasibility study. The first step in considering either renovation or new construction is to gather assumptions. Starting here rather than a "goal-setting" meeting helps reveal the real goals of the stakeholders and allows assumptions to be tested. In the end, challenging assumptions allows for more creative ...

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