02 Apr The Benefits of Financial Sustainability in Architecture
Here at BGW, we are dedicated to providing churches and religious institutions with the services that they need to both obtain and maintain high-quality facilities for all of their needs. One thing many people are unaware of is the array of benefits that financial sustainability can provide to these facilities. Understanding financial sustainability can allow you to make the best use of your church facilities. This will also help to ensure that you can focus on spending your funds in a manner that will be more beneficial for your mission. Here are a few things that you need to know about what financial sustainability is and how it can improve the use of your church facilities.
Church Buildings are often Underutilized
Church buildings are some of the most underutilized facilities out there. Many of these buildings are only in use one or two days a week, remaining empty the rest of the time. Unfortunately, the upkeep of the building won’t be reduced based on the amount of use the building sees. Though it would be nice for the monthly rent to be reduced if the building is only used once a week, this simply isn’t the way owning or renting property works. It can be incredibly draining for a church to use their resources on the upkeep and maintenance of their facilities.
Ensuring that you set a plan of financial sustainability can go a long way toward ensuring that your facility is used most effectively. These plans can also help to offset the expenses that are associated with maintaining your buildings. Consider your specific needs for your building, as well as the amount of time that your building won’t be in use. One of the things that sets us apart at BGW is our assistance and guidance in setting up a financial sustainability plan for your building.
Redirect your Funds to your Mission
There are many resources that are necessary in owning a building or property. Many buildings will require regular rent or mortgage payments, along with the possibility of property taxes. They require repairs and maintenance. Utility expenses are also incredibly common for these buildings. The expenses of maintaining your church facility detracts substantially from the amount of financial resources that you can put toward your church’s mission. Implementing an effective financial sustainability plan can help you to redirect your funds in a manner that will be more beneficial for your church. It can be especially beneficial to review the expenses associated with your church facility in order to construct an efficient plan for the financial sustainability of your building.
A Financial Sustainability Plan
We’ve discussed the benefits of implementing a financial sustainability plan for your building, but this may not help you to understand what a financial sustainability plan is. Ultimately, a financial sustainability plan involves partnering with for-profit businesses to optimize the use of your facility and offset the expenses of maintaining your facility. This can be done in many different ways. Some common partners include pre-K programs, event centers, sport teams, and more. When you partner with these companies, you can essentially charge them rent for the use of your facilities. This can substantially reduce your overhead costs. The great thing about this plan is that the building will only be in use when it would otherwise be empty. At virtually no inconvenience to your regular operations, you can make the building financially sustainable.
When you implement a financial sustainability plan, you can ensure that your funds can be directed in a more effective manner, as well as offset the costs of upkeep for your facility. We have formed many contacts that aid us in effectively implementing these plans. Our expert team will work closely with you to identify your needs and come up with a financially sustainable solution for the use of your church facility.
Work with our Fundraising Experts
In addition to contacts for implementing financial sustainability plans, we also work with many experts in church fundraising. We believe that you should be able to obtain an innovative church facility that meets all of your needs. However, this can be difficult for religious facilities that don’t operate on a for-profit basis. Our fundraising experts are capable of implementing many various strategies to allow you to obtain the resources that you need to obtain the right facility for your uses. In conjunction with creating a plan for financial sustainability, these services can ensure that you can obtain the building you need, without undue stress regarding resources and financial situations.
Our Leasing Partners
When you plan on a new building for your organization’s needs, you may need to obtain a loan. We work alongside leasing partners that can provide extremely competitive terms. This can go a long way toward ensuring that you can obtain a loan for your building without causing significant financial disruption to your organization’s processes. Consult with our team to learn more about these resources.
Many companies offer design services, but don’t necessarily offer a way to ensure that this design is feasible for the situation. Here at BGW, we are dedicated to providing you with the resources that are required to implement the design to your church facility. We offer effective planning services, regarding both the design of your building and the fundraising processes. It can be disheartening to fall in love with a specific design only to realize that it is not a possibility for your unique situation. Our thorough array of services helps to ensure that this doesn’t become an issue throughout the process.
Here at BGW, we are passionate about providing you with all of the resources necessary to obtain an effective, innovative building for your organization’s needs. From fundraising strategies to financially sustainable solutions, our approach to architecture helps to ensure that you can obtain a church facility that meets all of your requirements. To learn more about the way our process works and the benefits of financially sustainable buildings, contact our experts at BGW today!