However, putting the potentially large CAPEX requirement aside, the keyword to keep in mind here is “investment” – as this is exactly what the cost of a fit out is, investing in the future growth and success of your business.
As you might already know, the benefits of a good fit out are endless. Improved productivity and efficiency, better functionality and aesthetics, maintaining employee wellbeing and retention, attracting new clients or customers – the list goes on and on. Yes, you’ll have to spend a lot in one go, but you’ll end up reaping the rewards in the long term.
That being said, it’s difficult for a business or household to cover the total cost of a fit out at once. It can be a huge financial burden that puts pressure on your business or household expenditure.
Fortunately, there’s an easier way to get the fit out of your dreams without emptying your bank account or taking out a high-interest loan – pay it in installments.
Commercial fit out and renovation projects are a necessary investment to aid the success of your business. Not only does a well-executed fit out create a functional and aesthetically pleasing space, but it also improves employee productivity, health and wellbeing, as well as attract and retain customers or clients.
But as crucial as these improvements are to your business’s bottom line, it can be a costly endeavour to undertake.
No matter what sector or industry you’re in, one thing that’s common across the board is the expensive price tag of a fit out – especially in Singapore, one of the most extravagant cities in the world. If you would like some more insight into what you can expect to spend on a fit out for your business, then check out the appropriate blog topic below:
Naturally, one of the best ways to help avoid your fit out project becoming an endless pit that you need to keep shovelling money in is to have a solid budget in place and never deviate from it. By having a proper plan of action that details all expenses and costs that need to be covered, you can keep track of how much money you’re spending and ensure that you don’t spend beyond your means.
Here are a few guides to help you craft a budget for your next fit out project:
Even the most meticulous planner and penny-pincher can’t avoid the costs associated with a quality fit out. If you want a successful fit out and interior design that is both functional and aesthetically pleasing, it could come with a hefty price tag. The good news is that every penny is an investment that aids the future growth of your business – so, it will end up paying for itself in the long term.
Fortunately, you don’t have to worry about making a huge dent in your cash flow or capital by paying cash or taking out a high-interest bank loan to afford your fit out project.
Contractors.Direct and their installment plan now allows businesses in Singapore to alleviate capital expenditure and ease financial pressure by providing our clients with the option to convert their fit out cost into installments when they select a qualified contractor via the Contractors.Direct portal.
With the unique fit out installment plan you can
convert up to SGD 5 million into 24 monthly instalments.
Learn more about how the unique fit out instalment plan can benefit you by reading our blog on the topic.
Meet with Experts
The data and rates used to provide the cost estimate are deemed exceptionally accurate given that they're based on historical costs of actual projects.
A good quality fit out may often cost more than anticipated which is why Contractors.Direct clients now have the opportunity to spread their project cost over two years, reducing the pressure on capital expenditure. Get in touch to find out more