E37 - Renovation Modernization: Getting the Most Bang for Your Buck
Older senior living facilities require interior and exterior improvements or renovations to compete with newer developments, all while keeping unit expenses low for residents. A strategic focus on renovating key spaces, such as the public and communal spaces, outdoor areas, dining rooms, and corridors, enhances the atmosphere of a property to attract new residents and enhance the environment for current residents. Considerations for exterior improvements are explored to improve the first impression of a property and identify new or found public spaces, such as dog parks, patios, raised gardening plots, or courtyards. Case study examples from recent projects demonstrate ways to bring new life to old spaces while keeping costs down.