How Can Facility Managers & Property Managers Save Money?

Managing any kind of property is always about keeping an eye on the bottom line. Operating costs will easily creep up if they aren’t monitored carefully, and while some of those increases are out of your control, others can be managed strategically. This post will highlight some fundamental strategies that can be used to save money on your property.

Working with a trusted commercial electrician is certainly a tip that deserves to be mentioned, and for that, Varney is the easy pick. Of course, you can never sacrifice quality with things as important as electrical work, commercial HVAC, and more, so go with a contractor that delivers outstanding performance along with great value.

Keep Up with Inspections and Maintenance

This is one of the golden rules of managing a property. It’s easy to let maintenance and inspections slide when you feel like everything is going well – in fact, you’ll think you are saving money because you aren’t spending on those services. That short-term vision is going to come back to bite you later, however. With ongoing inspections and basic maintenance, small problems can be caught and corrected before they become big issues.

Invest in Sustainability

Making a move toward sustainable systems isn’t only good for the environment, but it can also be good for the bottom line. Specifically, improving energy efficiency throughout your building or buildings will go a long way toward reducing utility costs. Even a reduction of a few percent in terms of how much you pay for energy will make a major difference in how your numbers look at the end of the year.

Adjusting Temperatures

This point goes hand-in-hand with the previous point on sustainable operations. By adjusting the set point for temperatures in the building, it’s possible to save energy while making almost no noticeable difference in the experience for people inside the space. Moving up or down by just a degree or two might make a surprising difference in your costs – and it will reduce the wear and tear on your HVAC equipment since it won’t be working so hard, and you’ll get a longer lifespan out of that gear as a result.

Upgrade Lighting

There has been a major shift in recent years to LED lighting, but not all buildings have gotten caught up with the times. Since energy consumption is so much lower with LEDs, the savings on this point will be enjoyed right from the start. But it’s not only about cost savings – LEDs generally do a better job of lighting up a space, so depending on what kind of building you are operating, things like safety and productivity could be improved at the same time.

Varney offers a team of commercial plumbers, electricians, HVAC experts, and more to customers throughout the Mid-Atlantic region. If you are a facility or property manager who needs to control costs while ensuring the performance of your property, Varney will never disappoint.