One of today’s biggest stories with wide-ranging social and economic impacts is the retirement of Baby Boomers. Though most prefer to age in place at home, many are opting to move into retirement communities early to take advantage of the amenities and set themselves up for their older years when they may need daily care. Boomers are changing the landscape of senior living, from the ground up.
This has a direct impact on the construction industry. The National Real Estate Investor’s 2015 Senior Housing Report stated that even though senior living construction will increase in 2016, it won’t result in overbuilding. That’s good news for both local and national construction firms – as long as you know how to navigate the changing market.
Senior living projects have a unique blend of commercial and residential needs. Working with a construction company with design/build experience in both areas will help you avoid construction pitfalls and create better facilities. Here’s how:
- Break the institutional mold: At all costs, avoid the traditional clinic-like facility that models a medical institution. Since most Baby Boomers are aging in place, the ones who must go to a facility require an environment that not only is more homelike, but also feeds the need for a full, active lifestyle.
- Consider a CCRC: Continuing care retirement communities (CCRCs) are one of the most popular types of retirement communities. They require larger housing units and a more community-focused layout, so work closely with your construction company during site selection to ensure the location is right for a CCRC.
- Consider supplemental services: The more all-inclusive a retirement community is, the more it will meet the needs of aging Boomers. Consider amenities and services such as memory care facilities, meditation rooms, pet amenities, hospitality influences (think top hotels) and great restaurants.
- Build sustainably: By 2018, green construction will make up 84 percent of residential and multi-family building. Sustainable construction for retirement communities can boost the market value of a facility and make it more attractive to seniors and their families.
By rethinking facilities based on the changing needs of Baby Boomers and using a design/build firm that understands the nuances of senior living construction, you can create retirement community where people can age in place, happily. To find out more about senior living construction, contact us at firstname.lastname@example.org or call 800-580-6499 ext. 7 to get started today.