Whether you’re planning to replace or repair, relocate or remodel, there are certain expenses that should be made up front, to save you more at the back end. Here are four things to think about:

1. Replace or Put Off?

If the decision is between replacing something now or to put it off until you have the capital, be sure to think of the consequences. In the long run, delaying could cost you more money, business or opportunities, and you may miss a chance to take advantage of market situations.

Any deferred maintenance on an important piece of equipment could lead to unpleasant results. For example, if you decide to skip putting oil in your car because you don’t want to spend the money now, you could burn out the engine later (and an engine costs a lot more than a couple of quarts of oil). On the other hand, if your tires still have another 5,000 miles on them, you probably wouldn’t buy a new set of tires now, even if the price is right.

2. Energy Savings

The economy makes it a great time to renovate or remodel your facility. Consider an energy audit, which is an inexpensive way to discover any quick fixes that can save you money in the long run. The current climate may allow you to get more work done at less cost.

If you’re building new, consider shifting resources to the right HVAC, energy-saving systems, appropriate lighting, forward-looking wiring and energy systems, where you will see quick returns on investment. Other design elements, such as signage and parking, may also be very expensive to update at a later date.

3. An Easy Move

Another quick solution that supports your facility’s growth and flexibility – movable walls. Using movable walls makes it much easier to adjust to changing staff, departmental, space and flow needs than having to replace solid walls.

4. Analyze the Lease

No matter what type of project you’re considering, one area you shouldn’t put off analyzing is your lease situation. There are many aspects of leasing that could cost you more. For instance, if you miss a date to renew and lock in at a certain rate, you could either be required to move or end up being stuck with a higher renewal rate.

And before making any decision, be sure you have correct and up-to-date information as well as financials so you’re working with the best information your company has.