Balancing your moving office budget
Keeping within your financial limits is the key to staying on budget for your office move
When you’re planning your office move, the moving office budget is the most pressing task on the agenda. Drawing up an honest plan for your expenditures will help you to stay within your means and will set out the guidelines for what sort of office space you can afford and how much you can spend on your fit-out.
A carefully compiled budget will give you all the information you need to begin searching for your new office space and is absolutely essential to outlining all the other cost areas. Help Moving Office have created a Moving Office Budget Template that breaks down the main categories of expenditure in a typical office move. We have divided the key costs into five types: occupancy costs, capital expenditure, advisory fees, migration costs and soft costs. Although this is a starting point for your budget, it is important to tailor the plan to reflect your company’s own situation. Sadly, there is no one-size-fits-all budget for moving office and every business will need to accurately assess their own requirements.
Revisiting your budget along the way and amending it to accommodate changes is another necessary part of the process. For example, if you find a cheaper office than you initially budgeted for you will have extra funds to channel elsewhere such as towards your fit-out. Similarly, if you overshoot your budget in one area you may need to recoup money by balancing out the costs elsewhere.
