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12 December 2024

Maximising Aged Care Facility Revenue Through Renovation

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 

Introduction: Renovate with Purpose, Grow with Confidence

In today’s competitive aged care sector, success is no longer just about compliance — it’s about quality, appeal, and financial sustainability. Smart, strategic renovations can unlock significant value for aged care facilities by turning underutilised spaces into modern resident rooms, enhancing overall appeal, and delivering substantial financial returns.

At Coverite Projects, we’ve delivered over 50 aged care projects across Australia, helping providers rethink their environments to better serve residents while improving financial performance. From reworking staff spaces to redesigning communal areas, the opportunities to create value are real — and measurable.


Transforming Underutilised Spaces into Revenue-Generating Rooms

Every aged care facility has potential that isn’t on the balance sheet — yet. One of our recent NSW projects proves it: by converting an unused staff area, we created three additional resident rooms, with scope for four more identified during master planning.

These room additions, coupled with broader modernisation of the facility, resulted in an estimated $9–10 million uplift in Refundable Accommodation Deposit (RAD) income. The upgrade not only increased capacity but also significantly enhanced the perceived quality of the facility, making it more appealing to residents and their families.

The potential return on investment (ROI) is powerful: $80,000 to $150,000 in RAD income per newly created room is commonly achievable with thoughtful design and strategic upgrades.


Creative Space Optimisation: Finding Value in Every Square Metre

At Coverite Projects, we help providers see their facilities with fresh eyes. In almost every project, overlooked or inefficient spaces can be reimagined.

  • Staff rooms, storage, and oversized communal areas can become high-value resident rooms.

  • Corridor realignments can unlock natural light and improve flow

  • Multi-use spaces increase functionality without increasing footprint

By applying our aged care design expertise, we ensure every square metre contributes to both resident wellbeing and the facility’s commercial performance.


Facility Modernisation = Competitive Advantage

Aged care residents and families are increasingly discerning — modern, well-appointed rooms and amenities are key differentiators. Strategic renovations don’t just increase capacity; they help facilities:

  • Stay competitive in a crowded market

  • Improve quality ratings

  • Attract higher-paying residents

  • Reduce vacancy rates

When thoughtfully executed, upgrades improve not just aesthetics but also operational efficiency, staff morale, and long-term financial health.


The Coverite Approach: Collaborative, Strategic, Experienced

With decades of aged care experience, Coverite Projects supports providers through every planning, design, and construction stage. We:

  • Identify hidden opportunities in your facility

  • Provide feasibility studies for room conversions and renovations

  • Deliver compliant, future-proof upgrades that enhance both care and cash flow

We don’t just build — we help you unlock the full potential of your facility.


Ready to Maximise Your Facility’s Revenue?

Talk to the team at Coverite Projects about how strategic design and construction can increase your Refundable Accommodation Deposit (RAD) income and create long-term value.

Book a consultation or explore our aged care project portfolio today.

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