Are you thinking of transitioning from residential property to a different career path? If so, you’re not alone. Many professionals in the property sector eventually seek new opportunities and challenges outside of their current field. Fortunately, there are plenty of career paths available that leverage the skills and experience gained from working in residential property.
Here are some options to consider:
- Commercial Property: Transitioning from residential to commercial property is a natural step for many professionals in the property sector. Commercial property involves buying, selling, leasing, and managing properties that are used for commercial purposes such as offices, retail spaces, and warehouses. This sector requires a slightly different skill set from residential property, but it can offer greater financial rewards and career advancement opportunities. There has been a trend recently of strong residential agents transitioning to roles within commercial agency, such as; retail or offices.
- Property Development: Another option is to move into property development. This sector involves buying land, obtaining planning permission, and overseeing the construction of residential and commercial properties. This role requires strong project management skills, an understanding of the property market, and the ability to work with a wide range of stakeholders.
- Real Estate Finance: If you have a strong financial background, real estate finance may be a good fit for you. This sector involves providing financing for property purchases and developments. Real estate finance professionals need to have a solid understanding of financial markets, risk assessment, and underwriting.
- Property Management: Property management involves overseeing the day-to-day operations of residential or commercial properties. This includes dealing with tenants, handling maintenance requests, and ensuring that the property is compliant with relevant regulations. This role requires strong organizational skills, an ability to work under pressure, and a deep understanding of property law and regulations. We have increasingly seen candidates from a residential property management background take roles in large scale commercial agencies. A typical role would be as a Building Manager for large scale commercial office or retail scheme.
- Facilities Management: Facilities management is a broader role that involves overseeing the management of all aspects of a property’s facilities, from HVAC systems to security and maintenance. This role requires strong project management skills, an ability to work with a wide range of stakeholders, and a deep understanding of facility operations.
These are just a few of the many career paths available to professionals in the property sector. If you’re considering a transition, it’s important to evaluate your skills and experience and find the right fit for your interests and career goals.
At Blake Search, we specialize in recruitment for the property sector and can help you find the perfect role to match your skills and experience. Contact us today to learn more about how we can help you achieve your career goals.