Strategy Is Set Before Renovation Begins. Collaboration Determines Whether It Succeeds.
The most successful programs are not just well built.
Over the course of my career, I have had the opportunity to lead large-scale renovation programs, including running the West region for a public multifamily REIT, with an annual spend exceeding $100 million and a team of more than 30 professionals. What I learned, in its simplest form, is that successful renovation programs are both strategic and collaborative.
STRATEGIC:
The work is won or lost before it begins. Scopes must be clearly defined and aligned across all stakeholders, and specifications need to be treated as decisions, not assumptions. Destructive testing should be completed early enough to remove uncertainty rather than react to it midstream.
