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12 December 2024

Maximising Revenue for Aged Care Facilities

Discover how thoughtful redesign and modernisation can unlock hidden potential in your aged care facility. From adding new rooms to enhancing competitiveness, see how strategic renovations can drive significant returns and elevate resident experiences.

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Transforming Existing Spaces for Growth 

In aged care, every space has the potential to create value - for residents, staff, and the community. At Coverite Projects, we work alongside aged care providers to transform underutilised areas into revenue-generating solutions while prioritising the well-being of everyone involved. With over 50 aged care projects completed, we bring experience and a collaborative approach to every project. 

Unlocking Opportunities in Aged Care Facilities 

Imagine transforming an underutilised staff room into modern, comfortable resident rooms with ensuites. That’s exactly what we achieved for one of our NSW aged care clients. By rethinking the space, we added three new rooms and identified the potential for four more across the facility. 

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These additions and broader renovations that modernised the facility created a significant competitive advantage. The enhanced appeal and increased capacity led to an estimated $9 9-10 million uplift in Refundable Accommodation Deposit (RAD). For aged care providers, this kind of transformation isn’t just about added rooms - it’s about maximising value by offering modern, attractive spaces that meet resident and family expectations. It’s common to see ROI uplifts of $80,000 to $150,000 per room in RAD income when thoughtfully redesigned spaces. This is the power of unlocking the hidden potential in your facility.

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Creative Space Optimisation - Thinking Beyond the Obvious 

In our experience, almost every facility has underutilised spaces that can be reimagined with the correct planning and design. Whether converting storage areas into resident rooms or rethinking how communal areas are structured, Coverite Projects identifies hidden opportunities. Our creative approach ensures that every square meter adds value to your facility, enhancing its appeal and functionality. For example, small changes like redesigning corridors to improve access to natural light or incorporating multipurpose spaces can transform a facility's operations. These thoughtful adjustments improve the resident experience and boost the facility's marketability to potential residents and their families. 

 

The Financial Impact of Smart Space Planning 

Thoughtful space planning isn’t just about aesthetics - it’s a strategic investment with measurable financial returns. By creating additional rooms or refurbishing existing ones, facilities will directly increase RAD income. This financial uplift allows operators to reinvest in further improvements, creating a growth cycle and enhanced care. One of the key metrics to consider is the cost-per-room ROI. Analysing factors such as the facility’s location, market demand, and resident preferences helps operators make informed decisions about their upgrades. The result? Spaces that not only meet immediate needs but also generate long-term value. 

 

Tailored Space Solutions for Diverse Facility Needs 

No two aged care facilities are alike. A facility in a metropolitan area may have different needs and challenges compared to one in a regional community. At Coverite Projects, we take a tailored approach to space planning, ensuring our solutions align with each facility’s unique goals. For example, facilities in high-demand urban areas might benefit from maximising room counts. In contrast, regional facilities could focus on creating larger, more homelike spaces to appeal to their target market. We deliver solutions that differentiate facilities by considering demographic trends and local competition. 

 

Staging and Decanting - Optimising Space Without Disruption 

Renovations can be disruptive, but they don’t have to be. We specialise in staging and decanting processes that allow facilities to remain operational throughout construction. This phased approach ensures: 

 

- Minimal disruption to residents and staff 

- Continuity of care and services 

- Preservation of revenue streams during upgrades 

 

By dividing projects into manageable stages, we ensure that construction is completed efficiently while maintaining the facility’s daily operations. Transparent communication with staff and residents is central to this process, ensuring everyone is informed and comfortable throughout.


“Coverite were very professional to work with, very flexible in their approach, and mindful of our residents in care.”  
- Matt Downie, Bluewave Living Aged Care 

 

Turning Space into Value: Key Metrics to Consider 

When planning upgrades, evaluating the potential financial and operational impacts is essential. Key metrics to consider include: 

 

Cost-per-Room ROI: Assessing the financial return of creating new rooms versus the investment required 

RAD Uplift Potential: Estimating the increase in refundable accommodation deposits from additional or upgraded rooms 

Operational Efficiency Gains: Evaluating how redesigned spaces improve workflows and reduce staff strain
 

We provide detailed analyses and visual plans to help facilities make data-driven decisions. This ensures that every project delivers clear and measurable value. 
 

Visualising the Possibilities: Bringing Plans to Life 

One of the challenges of space planning is envisioning how changes will look and function. That’s why Coverite Projects offers detailed floor plans, 3D renderings, and mock-ups to help facility operators visualise the potential of redesigned spaces. These tools: 

 

- Provide clarity on design concepts 

- Highlight how spaces will flow and function post-construction 

- Help stakeholders align on the vision for the project 

 

By bringing plans to life, we ensure that everyone involved is confident in the project's direction and outcomes. 

 

Collaboration for Success: Listening to Staff and Residents 

Successful space planning starts with understanding the needs of those who use the facility daily. We engage with staff, residents, and families to gain insights into their daily experiences and priorities. This collaborative approach ensures that: 

 

- Redesigned spaces address real needs 

- Staff workflows are improved, reducing strain and increasing efficiency 

- Residents feel comfortable and cared for in their new environments 

 

By listening and collaborating, we create spaces that truly serve the community. 

 

Designing with Future Needs in Mind 

Planning for the future is an integral part of aged care facility upgrades. With the growing demand for dementia care and specialised services, facilities must adapt to changing needs. At Coverite Projects, our in-house architects incorporate flexible designs that allow spaces to evolve. For instance, multipurpose rooms can be converted into therapy areas or recreational spaces as resident demographics shift. Similarly, modular designs make it easier to expand capacity without requiring major renovations. This forward-thinking approach ensures your facility remains competitive in a dynamic aged care landscape. 

 

The Role of Outdoor Spaces in Enhancing Value 

Outdoor spaces are often overlooked but hold immense potential to enhance the quality of life for residents. At Coverite, we help facilities transform unused outdoor areas into inviting gardens, walking paths, or communal courtyards. These enhancements not only improve resident well-being but also increase the perceived value of the facility. Studies show that access to nature positively impacts mental health and can reduce feelings of isolation among residents. We create environments that promote holistic care by integrating outdoor spaces into overall facility planning. 

 

How Space Planning Benefits Staff Efficiency 

Efficient space planning benefits residents and improves staff workflows. By optimising the layout of nurse stations, storage areas, and shared spaces, we make it easier for staff to perform their duties. This reduces unnecessary travel time and allows more focus on resident care. For example, strategically placing storage rooms near frequently used areas can save time and reduce fatigue among staff. These thoughtful design choices contribute to a more efficient and supportive work environment, ultimately leading to better outcomes for residents. 

 

The Importance of a Cohesive Design Vision 

A cohesive design vision ensures that every element of your facility works harmoniously. At Coverite, we prioritise creating spaces that are not only functional but also aesthetically pleasing. A well-designed facility reflects a commitment to quality and care, making a positive impression on prospective residents and their families. From colour schemes to furniture placement, every detail matters. Our team works closely with you to ensure the final design aligns with your facility’s mission and values. 

 

Partner with Coverite Projects for Transformative Aged Care Solutions 

At Coverite Projects, we deliver exceptional results for aged care providers and their communities. As expert aged care architects and builders, we transform underutilised spaces into functional, revenue-generating areas and deliver thoughtful refurbishments tailored to your facility’s needs. Our proven expertise ensures immediate financial benefits and long-term success, all while enhancing the quality of life for residents and staff. Let’s collaborate to unlock your facility’s full potential. Contact Coverite Projects today to discover how our innovative, community-focused solutions can elevate your aged care facility. 

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