Increase in Estero rental options could lead to more home buyers and more business in Southwest Florida Property Management Services…
While home buyers are being increasingly courted with newly constructed single-family home choices in the recently incorporated Village of Estero, there’s also an increase in developments that exclusively cater to renters. Current projects include: Estero Oaks, a 36-acre, mixed-used development of 280 residences set beside 130,000 square-feet of commercial space located at the intersection of Three Oaks & Estero Parkways; and Springs of Estero, a complex of 260 residences located off Ben Hill Griffin Road with units that rent from the $1,400s to $1,800s per month.
The creation of these new luxury apartment communities have been viewed as positive by local authorities who’ve advocated for more diversified housing options, yet they’re also drawing praise among leaders in Southwest Florida Property Management Services who cater to both homeowners as well as their tenants. According to Matt Ligour, the Manager of the Rental Services and Property Management Division of Domain Realty, “Developments like these not only serve a community of people who are likely to become future home buyers, but they also help boost local business.”
Ligouri says recent studies on the collective of new Estero developments project increases to the community’s annual tax base by more than $1 million. He also asserts that the growing population base portends increased customers seeking Domain Realty’s Property Management services. “We’ve experienced great success in being a resource for seasonal residents who frequently lease their homes, property investors who take on tenants, and the tenants themselves,” says Ligouri. “Homeowners are increasingly turning to Domain Realty to handle all aspects of tenant vetting and lease negotiations, and tenants rely on us to resolve any maintenance needs that arise during the entirety of their lease.”
While Domain Realty is more widely known as a leading real estate company serving homebuyers and home sellers throughout Southwest Florida, Ligouri says Domain’s Property Management Division has grown to now fulfill customer needs in dozens of neighborhoods and private communities located in Naples, Bonita Springs, Estero and Fort Myers. “We devote the same quality and caliber of commitment to our property management customers that we deliver to the homebuyers and home sellers who rely on our Agents,” says Ligouri. “Some real estate companies balk at taking on these kind of responsibilities because they’re only fixated on sales, just as some municipalities dote more on the development of single-family homes as opposed to housing needs of all residents,” says Ligouri, while adding, “Servicing is just as important as selling.”
It is anticipated that the entirety new Estero rental options within The Springs will be occupied by early 2016. Meanwhile, development of Estero Oaks is still underway and several of the commercial outparcels are still available for purchase. Ligouri says he and others of Domain Realty understand and appreciate the opportunity for renters to have greater access to securing residency in Estero. “Let’s face it, the occupants of these developments are going to be living just minutes away from beaches, golf courses, sports and entertainment attractions and the region’s best shopping and dining venues. They’re also only moments from the airport, schools, churches and expanding healthcare services … now that’s a great place to live!” says Ligouri.
In his thinking, with more people able to rent in Estero, there is more who will resolve to some day purchase a home here. “We’re excited for the future because it means increased opportunity to help our rental division customers as well as future homebuyers … with respect to all we’re seeing in Estero development, as well as Naples and Fort Myers, our business outlook simply couldn’t be brighter.”
With offices in Naples and Bonita Springs, Florida, Domain Realty is comprised by more than 130 agents and support staff who offer a vast spectrum of professional services for home buyers and home sellers throughout Southwest Florida. Leasing and tenant services are fulfilled through its Property Management & Rental Division. For information on Domain Realty, visit Online at www.domainrealty.com. For Southwest Florida Property Management Services/Rental Division, visit www.domainrentalgroup.com, or phone 239-301-4300.