Reasons to Expand Your Construction Business to Virginia

Virginia has repeatedly shown up near the top of lists of states that are best for doing business. And it’s true, Virginia has quite a lot going for it when it comes to business in general. This applies to construction businesses too; there are a lot of factors that make Virginia a great choice for construction. Especially if you already have a business and are planning on expanding into a new state. However, this is no small decision, and you should consider all of the benefits before committing to anything. At the end of the day, when it comes to running your business, you should always be careful. So, in order to help you decide if it’s worth it, we put together a list of reasons to expand your construction business to Virginia.

Virginia is in an excellent location overall

As with most other things, location is fairly vital when it comes to construction businesses. After all, you need to make sure you can reach the location of construction projects quickly. Virginia’s mid-Atlantic position and transportation infrastructure make it the perfect choice for reaching pretty much anywhere in the US quickly. Four interstates cross through Virginia and it's home to an excellent international airport. Additionally, river access to the Port of Virginia is another possibility when it comes to transport. All in all, whatever your preferred method of transporting personnel and materials is, Virginia has you covered. However, if you want to make sure your business stays successful, there are a few things you can do to give you an advantage. No matter what kind of business you run, doing what you can to get an edge over your competition is a good idea, so stay up to date.

Electric rates are fairly low

While construction isn’t as reliant on electricity as some other types of businesses, it’s still very important. Throughout the US, construction businesses have taken a hit to their profits due to the increase in electric rates. Thankfully, electric rates in Virginia remain low compared to the rest of the US. On average, the rate of a kilowatt hour in the US is 6.35 cents. For comparison, the rate of a kilowatt hour in Virginia is only 5.02. While this isn’t the biggest factor, it adds up in the long run, and you’ll notice it. However, when it comes to planning your business, it’s important to think ahead about having a place for excess inventory. It’s pretty hard to predict how much material exactly you’ll need for a project. As such, relying on local storage services to help out where needed is a great idea all in all.

New construction projects are desirable in Virginia

Another great reason to expand your construction business to Virginia is the fact that new construction is very desirable in the state. Whether it’s commercial or residential construction, the market for new construction in Virginia is huge. And while this does mean that there will be considerable competition in the state, it also means that there are plenty of opportunities for profit. As long as you are careful and do what you can to get ahead of the competition, you’ll be fine. However, especially when expanding your business, remember that internal communication is vital to your business’ success. The larger your business gets, the easier it is for miscommunication to happen at every level. To combat this, you need to make sure communication throughout your company stays up to snuff. Remember, miscommunication can be costly, so you can’t afford to put up with it in the long run.

Virginia has a robust and quality workforce

Whether you’re looking for project managers or simply just hard workers, you can find quality employees in Virginia. And at the end of the day, every business lives and dies based on two things: its reputation and its employees. Reputation can be tricky no matter how you look at it, but if you expand your business to Virginia, you will have no shortage of excellent employees. Additionally, thanks to the excellent universities in the state, you will be able to find a diverse workforce when it comes to education and every other sense of the word. However, when it comes to opening an office in Virginia, experts from Helix Move VA warn that you should carefully research movers before hiring them. After all, office equipment is very fragile, so you should only trust reliable and experienced commercial movers to help you, so nothing gets damaged during transit into the office.

Building costs are lower than elsewhere in the states

Virginia’s excellent location and connectivity mean that you can expect lower building costs than other places in the US. This is because of a couple of factors; firstly, there’s easy access to material suppliers, which helps reduce the prices of the materials themselves. In addition, this also means that transport prices are typically lower than in other states as well. Second, the local economic development offices offer support for fast-tracking projects, which is a pretty big benefit overall. All in all, building costs in Virginia are 12% lower than the national average, which is a considerable amount in the long run. If you want your business to continue running smoothly, however, make sure your workers know how to deal with construction fatigue. Construction fatigue is a serious issue for construction businesses, so making sure your workforce knows how to deal with it is incredibly beneficial in the long run.