Office Move Budgeting 101
Why an Office Move Budget is so important
Preparing an Office Move Budget may not sound like one of the most exciting parts of your office move, but it is vital in order to achieve a smooth and successful relocation. A budget helps you to identify what money you need to cover your office relocation costs, it helps you control your expenditure and monitor what has been spent. If you do not prepare a realistic office move budget at the outset, your relocation costs are likely to spiral out of control and you will end up spending more than is really necessary.
Preparing the Office Move Budget
It can take a lot of time and effort to draw up an accurate office move budget - and it may take several weeks to get all the figures together and agreed by everyone. So start work on your office move budget as soon as the decision to move office has been agreed. Make sure your figures are as accurate as possible.
Don't just guess what things might cost. Get office moving quotes, get a breakdown of charges from your Real Estate Lawyer, and request for an idea of market rents in your location from a Tenant Rep Broker. Make sure you don't miss out on any hidden costs like insurance, retrofit and reinstatements - all of which can be budget breakers if they're not accounted for early on.
Not everything in your office move budget plan will be must do costs. They'll be a nice-to-have list too. That's ok - just make sure you prioritize your list so that you have enough cash for the essential items first so there are no nasty surprises further down the line!
Keeping on top of your Office Move Budget
Throughout your relocation project, things are likely to change; some costs may increase and others may be less. As long as you keep your office move budget planner up-to-date, there will be no danger of overspending.
Ultimately, the end game with an office move budget plan is to know how much you have to spend, what has already been spent, how much budget is in there and where it is all going.
Start planning your Office Move Budget using this FREE Moving Office Budget Planner.
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