Renovating your retail shop can breathe new life into your business, improve customer experience, and increase sales. But before jumping into the design stage, one of the most important steps is budgeting for your retail renovation project.
Here’s a guide to help you plan your renovation without overspending.
1. Understand the Scope of Renovation
The cost of retail shop renovation in Malaysia depends heavily on the size of your space and the type of work required. Ask yourself:
Do you need a full renovation (flooring, ceiling, partitions, lighting)?
Or just cosmetic upgrades (painting, display fixtures, signage)?
2. Key Cost Factors to Consider
When preparing your renovation budget, include these essential items:
Interior Design & Planning Fees – 3D designs, layouts, and approvals
Construction Works – flooring, partitions, carpentry, ceilings
Electrical & Lighting – power points, feature lighting, wiring upgrades
Air-Conditioning & Ventilation – especially for F&B outlets
Fixtures & Fittings – shelves, racks, display units, furniture
Signage & Branding – exterior signage, wall branding, logo panels
Permits & Approvals – depending on mall or local authority requirements
3. Set a Realistic Budget Range
On average, retail shop renovation costs in Malaysia range from:
RM30,000 – RM100,000 for small shops (below 500 sq. ft.)
RM60,000 – RM250,000+ for larger retail outlets (1,000 sq. ft. and above)
4. Allocate a Contingency Fund
Always set aside 10–15% of your budget for unexpected costs, such as last-minute design changes or additional compliance requirements.
5. Work with the Right Contractor
An experienced retail renovation contractor can help you balance cost and design without unnecessary overspending. They’ll also advise on compliance with mall management and local council guidelines.
FAQs – Budgeting for Retail Shop Renovation
Q: What is the biggest cost in retail renovation?
A: Carpentry and fixtures often make up the largest portion, especially for custom display units.
Q: How can I save on renovation costs?
A: Reuse existing fittings where possible, focus on impactful areas like lighting and signage, and avoid over-customisation.
Conclusion
Budgeting carefully for your retail shop renovation ensures you create a beautiful, functional store without financial stress. With proper planning, your renovation becomes an investment that pays off through increased foot traffic and sales.
