Why Facility Management Is Important In Real Estate
Facility management (FM) is a popular term in real estate as it is an important practice of managing physical spaces and infrastructure to ensure they operate efficiently, safely, and effectively. The idea has evolved significantly over the years, encompassing a wide range of services and activities.
What is Facility Management?
Facility management involves coordinating and overseeing all the physical assets, resources, and services needed to support a estate’s core operations and day-to-day activities. This includes the management of buildings, security staffs, systems, and infrastructure to create an optimal environment for the occupants.
Key Functions of FM
- Estate Management: Efficiently manage the estate to meet company’s objective and goals.
- Maintenance and Repairs: Plan and execute maintenance activities to keep facilities in good condition.
- Safety and Security: Ensure the safety and security of occupants and assets through measures like access control and surveillance.
- Energy Management: Implement strategies to reduce energy consumption and promote sustainability.
- Environmental Sustainability: Promote eco-friendly practices and manage waste and environmental impacts.
- And more
Types of Facility Management
Facility management operations are typically divided into two categories:
Soft FM: Services focused on enhancing the quality of life and well-being of occupants, such as catering, cleaning, pest control, waste management, and car parking.
Hard FM: Services dealing with the physical assets and systems within a facility, such as plumbing, lighting, building maintenance, HVAC, and fire safety systems.
Challenges of Facility Management
Facility management professionals face different challenges, including integrating advanced technologies, adapting to regulatory changes, aligning practices with sustainability goals, addressing the skill gap in the workforce, and ensuring security and resilience.
Benefits of Facility Management
Effective facility management leads to increased operational efficiency, reduced costs, improved employee productivity, enhanced safety, and compliance with regulations.
Roles and Responsibilities of Facility Managers
Facility managers oversee daily operations and maintenance of facilities. They work with various teams, including maintenance staff, security personnel, and engineers. Their responsibilities include strategic planning and ensuring regulatory compliance.
Qualities of a Facility Manager
A competent facility manager must be/have:
- Technically sound of building systems and infrastructure
- Effective communication skills
- Strong project management abilities
- Budgeting and financial management skills
- Risk management capabilities
- Regulatory compliance awareness
- Sustainability and environmental awareness
- Knowledge of technology integration
- Emergency preparedness skills
- Adaptability and problem-solving abilities
- Data analysis and reporting proficiency
- Leadership and team management skills
If you’re in search of the perfect facility manager for your real estate, you can be rest assured that Starzij Realtors are your best bet. Feel free to contact us for your facility management needs.
