Both property managers and owners can benefit from targeted building restoration projects that modernize a building’s function, safety, and aesthetic appeal. Here we share strategic building upgrades that don’t require a full rebuild for aging buildings.
Strategic upgrade considerations
The following considerations help owners and managers realize a higher return on investment (ROI) while maximizing the transformative aesthetic impact of each upgrade:
- Energy efficiency
- Reduced maintenance
- Durability
- Appropriate style for the building’s architectural features and era
- Modern trends and materials
- Sustainability
- Appropriate style to attract the right type of tenant
Modern façade refresh
The one thing that’s immediately noticeable in aging buildings is its façade. Both residential and commercial buildings are instantly modernized with a façade refresh. Replacing outdated, damaged, and unattractive materials with trendy, eco-friendly alternatives helps attract and retain high-value tenants.
Some trending exterior upgrades for the aging buildings can include:
- Multi-texture: Popular in residential buildings, a multi-textured design creates a modern, high-end look. When well thought out, blending materials such as siding, stone veneer, brick, and faux wood adds texture and visual interest.
- Rich colours: Colours such as deep charcoal and black, lean into the industrial look. They’re ideal when cladding deteriorating façades or replacing siding on residential and commercial properties in aging buildings.
- Natural look: Embracing natural, sustainable materials is environmentally friendly and creates an edgy look. Reclaimed materials are highly desirable including timber and metal, along with various recycled composite materials.
- Defined units: Varying façades adds a sense of uniqueness between units. This can be achieved using either a varied colour palette or small group of varied materials. The variations define the individual units, while the small groups of colours or materials maintain a sense of unity across the entire property.
- Balcony makeover: Balcony makeovers are a perfect example of targeted upgrades that transform an aging building’s façade. Replacing rusted out railings and metal panels with sleek glass and weather-resistant aluminum balustrades also reduces maintenance. Textured or patterned glass panels and customized balustrade colours further elevates the look.
Energy Efficiency
Choosing high-quality materials to increase energy efficiency improves occupant comfort, while reducing heating and cooling costs. Special attention to the building’s thermal barrier will prevent heat transfer with enhanced insulating materials in the walls, windows, and doors. For example, curtain wall replacement has a two-fold effect, both modernizing the building’s appearance while improving energy efficiency. A curtain wall assessment can save costs by determining whether you require a complete upgrade or can simply repair or replace damaged and worn elements.
Building Safety
Deteriorating balconies impact an aging building’s aesthetics while also presenting safety hazards. From loose railings to shattered glass panels, and water leaks that cause interior mould to structural failure, aging balconies become increasingly unsafe. Restoration addresses all balcony components to restore safety, functionality, and aesthetics. Balcony replacement and repairs are also critical to energy efficiency, eliminating bridging disruptions and ensuring insulation continuity. These projects also include effective waterproofing methods adding durability for further cost savings.
Strategic upgrades look beyond aesthetics for value-added benefits that increase ROI, improve energy efficiency and attract and retain desirable tenants.
The experienced restoration team at WellDone Inc., a building restoration company in the GTA specializing in building improvements for commercial and multi-unit residential buildings, can provide a thorough assessment and restoration plan to help increase ROI of your aging building. Reach out to us today.