the office relocation planning website

Budgeting your office move

Number crunching is hardly the most exhilarating part of your office move and most people tend to stuff papers in drawers until the last moment. But clear planning and a firm grip on your finances from the outset will enable you to steer the reins of your move much more confidently as the big day approaches.

Help Moving Office has a number of office relocation budget tools and a Moving Office Budget Template to help you tackle your office relocation finances with ease. The first step is to anticipate your main areas of expenditure and figure out your overall budget. It is then necessary to go into the smaller details of each expenditure and assign a certain amount of funding to that area. With clear targets in place you will be best able to keep track of whether you are under budget, on budget or wildly off course.

The main areas of expenditure in most office relocations are:

Capital Expenditure
These are your one-off costs involved with the moving process which may include fitting out your new place, paying any taxes such as Stamp Duty and adding any IT or telecom costs.

Advisory Fees
These are the costs incurred in finding your new office and enlisting the help of commercial property agents and property solicitors.

Migration Costs
This is the price of your actual move and the removals fees. This will also include the cost of tying up loose ends at your old property.

Soft Costs
You can expect to spend on recruitment and training as well as employee relocation if you are moving. An important aspect of this is factoring in projected figures for lost business during your office relocation.

The sooner you get a firm grip on your office relocation costs, the better equipped you will be to keep track of your company finances during the office move.

 

Planning an office move? Go the office relocation planning resource centre

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