Maximising ROI on workplace upgrades

As we approach the end of the year, it’s time to reflect on achievements, reassess goals, and prepare for the financial year ahead. For businesses facing tight budgets, maximising ROI on workplace upgrades becomes critical. At Spaceworks, we’ve spent 25 years designing smarter, more efficient workspaces, and we know the impact a well-planned upgrade can have—not just on your team’s productivity but also on your bottom line.

If you’re navigating budget constraints, here are 10 actionable strategies to make the most of your resources between now and the financial new year 2025.

1. Conduct a Workplace Audit

Assess your current space to identify inefficiencies or underutilised areas. Are there desks gathering dust? Spaces lacking purpose? Understanding what’s not working is the first step toward improvement. Spaceworks offers workplace strategy services to help you evaluate your needs effectively.

2. Prioritise High-Impact Changes

Focus on upgrades that deliver the greatest return—think ergonomic furniture, collaborative areas, or smart tech that boosts productivity. Even small investments, like better lighting or acoustic panels, can transform a space.

3. Embrace Sustainability

Opt for sustainable materials and designs that lower operational costs and appeal to sustainability conscious employees and clients. Spaceworks can recommend sustainable solutions that align with your goals and budget.

4. Plan for Flexibility

Design with adaptability in mind. Modular furniture and reconfigurable layouts allow you to pivot as your business evolves, saving costs on future upgrades.

5. Smart Capex Moves

Many New Zealand businesses operate on a March financial year, making now the ideal time to review and draft capex budgets. As you plan for the year ahead, consider how upcoming projects or relocations align with your financial goals. Proactively setting capex budgets for future works can help avoid last-minute funding and cashflow challenges.

6. Reimagine, Don’t Rebuild

Instead of starting from scratch, consider refurbishing. A fresh coat of paint, updated flooring, or repurposing existing furniture can breathe new life into your space without a hefty price tag. Spaceworks specialises in cost-effective refurbishments that don’t compromise on quality.

7. Engage Employees in the Process

Ask your team what they need most. Their insights can guide decisions and ensure upgrades truly enhance productivity and morale.

8. Partner with Experts

Working with professionals like Spaceworks ensures every dollar is strategically spent. We handle everything from design to project management, helping you avoid costly missteps.

9. Tap Into Technology

Implement tech solutions like virtual reality (VR) to visualise changes before committing, reducing waste and unforeseen expenses. Spaceworks’ VR services allow you to walk through designs and make informed decisions upfront.

10. Set Realistic Goals

Not all changes need to happen at once. Create a phased plan, tackling high-priority areas first while setting long-term goals for the rest. Spaceworks can help you develop a tailored roadmap.

Ready to transform your workspace and maximise your ROI before the new financial year? Let’s make every dollar count. Get in touch with Spaceworks today to start planning smarter, sustainable, and high-impact upgrades for your business!