Owning commercial buildings is an amazing way to increase your net worth. You have the potential to generate a much larger amount of passive income compared to residential real estate.
In fact, over $1.1 trillion was spent on commercial real estate transactions in 2022. Proper building maintenance is essential, though. This is especially true when it comes to HVAC systems.
Many people aren’t sure what to expect during commercial HVAC installation, but the process is more straightforward than it might seem. Let’s break down the essential details you should know.
Assessing Your Needs
Before you can start your project, it’s crucial to determine your needs. This involves choosing the right HVAC system, determining load capacity, and finding a location for the condenser. It also requires you to assess existing ductwork and establish zones for the HVAC equipment.
Building owners should never rush through this part of the process. The last thing you want is to install components you don’t need or forego ones you require.
Negotiating the Cost
Every project is different, and it can be difficult to estimate installation costs before speaking with a professional. They’ll inspect your current system and help you determine the best action.
In some cases, you may be able to negotiate the total cost with your provider. Ask about any promotions they might be running, as well.
Planning the Installation
Next, you can develop a concrete plan for installation. Depending on factors like the size of your system and the duration of the process, you may need to be flexible with your building’s usage.
For example, you might need to accommodate business disruptions. If you rent your building to tenants, you should inform them well in advance of the inconveniences that may arise.
If the system’s installation directly impacts their business, do what you can to provide temporary solutions. For instance, you might allow them to relocate to another part of the building until installation is complete.
Finding a Commercial HVAC Installation Provider
When searching for a provider, consider their past reputation. There should be no shortage of positive feedback from previous customers.
Never work with a company that is not licensed, bonded, and insured. This puts you at risk of financial difficulties if an accident occurs.
For example, let’s assume that a contract worker injures themselves or damages your property during the project. You may be the one dealing with the financial burden if they don’t have the proper licensing and insurance.
Ask for an itemized breakdown of the project’s cost. The company should have no trouble providing insight into what you’ll pay. If they deflect this question or can’t seem to answer your concerns, search elsewhere.
Maintain Your Building Responsibly
Commercial HVAC installation is one of the most important responsibilities you have as a building owner. As long as you do your due diligence and find a reputable provider, you shouldn’t encounter issues. From here, you can ensure everything runs smoothly.
Ready to get started? Get a free quote today from Sewell Electric. Our professional team is prepared to guide you through the process.