Senior Living Managers – Here’s Budgeting Advice for Apartment Modeling

25 March 2022      

Greetings senior living professionals.  Here at Senior Décor, our business is focused upon consulting senior care professionals to help you make smart, safe, and profitable business decisions.  That consultation also includes sourcing the widest array of furnishing options that help actualize those same smart, safe, and profitable business decisions. So here’s some things to consider and know we stand ready to consult you personally at a moments notice.

1. Have a professional do the estimates

Your goal is to lure more residents to fill your units. Regardless, how little or much you spend on your senior apartment model, if your units don't sell out, it's a complete financial loss.

There's a good chance you'll miss some charges that are essential to furnishing a senior model apartment, if you just rely on your own estimates. The shipping fee, installation charges, and cleanup costs are just a few of the extra expenses that are often overlooked but are crucial in achieving a successful model. If you set a budget that fails to include these charges, you will still end up spending over your budget to overlay these extra costs.

Whereas, if you seek a professional senior apartment designer like Senior Decor, you will be given a complete quotation that includes everything you need in building out your model apartment. We will give you an itemized list of charges and a clear figure so you can set a realistic budget.

2. Have an enough budget to create a first class model

In order to achieve a quality model, you need to spend at least $10,000 for a single bedroom unit. If you scrimp on your allotted money, you are just simply wasting precious time on building out a model that just can't help increase your occupancy rate.

On the other note, we don't recommend over budgeting as well. If you are spending more than $50,000 with a local design firm, you are likely throwing away your money on unreasonable delivery and installation charges.

At Senior Decor, we will provide you realistic and reasonable price points. Furthermore, our services are a lot more comprehensive than local design firms.

3. Opt for a fixed-rate service instead of rate per hour solutions

Commonly, design firms demand hourly rates. But the time they spent doesn't guarantee you getting new residents. The large chunk of your budget should go to the furniture, decors, and other essential products that you place into your model because fundamentally, it is what attracts new occupants.

SeniorDecor offers furnishing solutions that ensure that the greater bulk of the budget will go to the products. Each phase of our process is put together to deliver the best attainable ROI on your investment. Contact SeniorDecor and speak with our team today!