If you’re planning to open a new dental office, it’s common to wonder how much your project will cost. In this video, the viewers are challenged to consider dental office construction from another point of view. Instead of thinking, “What will building my dental office cost?” you should, instead, think about how much of the construction cost your practice can potentially recover within six months. Their advice: don’t control construction price; control construction results.
Each Dollar Spent Should Bring Earnings
In their opinion, a small office with a more strategic space plan is better than a larger office with wasted space. A clever office sign or stylish wall decor won’t earn you as much as a well-planned office with less stylish but comparable equipment. Your work ethic and customer service are invaluable.
Don’t Control Costs; Control Results
The video reminds us that all people who are buying land in the same geographical area will pay the same costs. Therefore, your construction cost choices should center on strategy instead of aesthetics. Estimated prices for constructing a dental office with 8 exam rooms are cited as $800,000 to $1 million; 10 rooms would cost $1.2 million to $2.5 million, and a 16-room office might cost $2.2 million to $3.4 million. Strategic planning should be used in each decision you make.
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