How Much Does It Cost To Build A Parking Garage And Why

Passing trade is important for businesses. However what is more important is passing trade that stops with you! One way to ensure that passing trade stays there is to ensure you have adequate parking facilities and the best way to do that is to get the right people building it. In order to know who the best people are it helps to know the answer to the question how much does it cost to build a parking garage.

With any construction project the costs will be affected by the size. A few additional spaces constructed alongside a small independent store with a basic roof constructed above them will be cheaper than the multiple levels required for a mall that attracts thousands of people. Therefore you need to consider what is most appropriate for the size of your business.

In terms of material this includes steel frames, concrete blocks, brick facing when the structure has been completed as well as all the plumbing, electrical installation and carpentry as required. This will vary depending on what you intend to put into the garage. For example if it is a larger structure then installing several bathrooms will ensure people do not feel discomfort when looking for their vehicle. This is especially important for garages with multiple levels!

The initial discussion of your budget should start with an architect. Their work will take up around six per cent of the total project budget. However this money is worth investing as they can often be involved from the start through to the end of a project, often working in a supervisory role.

While a contractor will take up a quarter of the budget remember this includes materials, construction and subcontractors. However be wary when checking as there may be some mark ups and indirect fees so it is advisable to contact several when considering them for a project.

Ideally you should talk to at least three architectural firms and contractors. In some cases the architectural firms may be able to recommend a contractor and likewise contractors may have architects that they work with on a regular basis. However it is still worth researching them yourself.

Anyone you are discussing this with ought to be willing to give you a full estimate detailing the costs involved. It is generally recommended to talk with a few companies so that you can compare what they have to offer. Local areas can vary so it is best to contact them directly. This is also worth doing after you have contacted others in the area to see if you can negotiate a better deal!

In short the answer to the question how much does it cost to build a parking garage is that it depends on where you are and who you are working with. Remember that good value for money is not simply about the lowest price. A smart approach will ensure that you get the best service for a reasonable cost.