The environmental and monetary benefits of adaptive reuse.
Adaptive reuse refers to the practice of taking historical buildings and repurposing them for other uses. By reusing these existing structures, communities can preserve their historical landscape while still adapting to modern times. However, practicing adaptive reuse has benefits that extend beyond historical preservation. Here are some of the advantages of adaptive reuse.
- Environmental Savings
Adaptive reuse is one of the most sustainable construction practices out there. Because existing buildings are simply retrofit according to the new owner’s needs, there is no need to demolish and rebuild the structure. Naturally, adaptive reuse offers greater environmental savings than demolition or new construction.
- Improved Efficiency
Even when renovations are major, they tend to be less time consuming than brand-new construction. Because the foundation and the shell of an adaptive reuse building are already in place, contractors do not have to spend time and money building from scratch. This ensures shorter project timelines, which save money and maximize efficiency.
- Financial Benefits
There are several financial benefits associated with adaptive reuse. For starters, business owners save money because they do not need to build a structure from scratch. Additionally, because renovation has a higher proportion of labor expense and a lower proportion of material expense, adaptive reuse renovation projects are better at creating jobs and bolstering the local economy. Finally, when you renovate a historical building, you can make use of the federal historic tax credit. This can actually help you fund a large portion of the project.
These are some of the advantages of adaptive reuse. Need help with your adaptive reuse or another renovation project? If so, then contact Nikki Fox at Parkwest General Contractors at Nikki@ParkwestGC.com. Our dedicated team is eager to assist you with all your building upgrade needs today.