Dallas, Los Angeles, and New York are not just among the ten biggest metropolises in the nation. One of the real estate developers in Texas known as Marcus Hiles says that the three locales contain greater number of renting citizens than house owners. In fact, rental housing in Dallas encompass 55.9 percent of its households. Home ownership is getting obsolete as tenancy rises in popularity around the country; the anticipated annual growth of renters’ population through 2023 is half a million. Renters actually spend less when it comes to housing expenses compared to homeowners. The problem with buying a home is the owner will have to cover the higher utility payments and upkeep expenditures along the way. This situation somehow increases the appeal of the rental living.
At first view, Dallas doesn’t look to have many neighborhood with New York and Los Angeles beyond estimation among the ten sizeable cities in the U.S. Yet, notes Texas real estate developer Marcus Hiles, “When you dig a little deeper, it turns out that all three locales have more renters than homeowners.” In fact, 55.9 percent of Dallas households nest in rental housing. Across the country, Americans are increasingly preferring tenancy over home ownership, with the sum of renters projected to grow by at least a half million each year through 2023. Countering to common wisdom, homeowners’ housing expenditures far exceed that paid by renters. While the annual price of rent may pass total house payments for the year, buyers are charged with maintenance support and larger utility payments — making the rental lifestyle even more appealing.
Nature preservation is an advocacy of Marcus Hiles, a prominent Texas real estate developer. “Lessening carbon footprint on the planet is my goal that is why I create communities that unify with nature,” he claims. The Lone Star State holds more than 15,000 extravagant rental apartments and townhomes that reveal the ideology of Hiles, who supervises and leads Western Rim Property Services. Setting up appliances with ENERGY STAR stickers from U.S. Environmental Protection Agency is fundamental in his building practices that are friendly to the environment. Because of ENERGY STAR, an American Program which started in 1992, the nation was able to slash 283.2 million metric tons of CO2 emissions. Appliances with energy efficient features can save up to 50% on utility bills, perfect for every average Texan that spends $400 worth of natural gas and $1650 worth of electricity per year.
Sophisticated design and green building are mutually important for Marcus Hiles, Chairman and CEO of Western Rim Properties. The innovative real estate developer who single-handedly modernized the Texas real estate market by creating luxury apartments and townhomes has upheld the highest standards for saving the environment. With upscale rentals that are seamlessly integrated into the natural surroundings, utilizing eco-friendly building practices and state-of-the-art, energy-efficient add-ons, Marcus Hiles’ Western Rim has made upmarket living eco-friendly.
The market for lavish living in Texas is bigger. Chairman and CEO of Western Rim Property Services Marcus Hiles, mentions that the Lone Star State have the most number of newly built lavish rental properties, giving renters a chance to experience an upperclass lifestyle. “Retirees, empty nesters, familes, and singles, who goes for rental homes are rising in numbers,” he remarks. “The country is predicted to have a half million more renters anually through 2023.”
Marcus Hiles, while acknowledging that happiness assumes many forms, notes that residents of his more than 15,000 homes, townhomes, and apartments are particular appreciative of the advantages when renting upscale properties. “We carefully select premiere real estate and then build homes that are both beautiful and extremely energy efficient,” he observes. As a result, residents appreciate saving hundreds of dollars each year in utility bills. And, because they don’t have to bother with yard work, home maintenance, or mortgage escrow accounts, upmarket renters have more time and money to follow their dreams. “People in our communities have the latitude to invest on their own terms and the freedom to take advantage of opportunities that crop up in other locales,” Hiles explains. “In my experience, a resident’s happiness increases in proportion to the time spent living in a luxury rental community.”
Communities in best locations with high quality amenities and all that at reasonable prices? It may sound ridiculous until you see it with your own eyes, but many Western Rim Property Services renters can confirm this story. Marcus Hiles had a vision when he founded Western Rim and his vision came true. Affordable luxury complexes are available for rent all over Texas. Resort-style swimming pools, reserved covered parking spaces and 24-hour emergency maintenance service are here for your comfort. Read more about this on: http://media.mwnewsroom.com/Dallas-Morning-News/-2053881
Famous Texas real estate developer Marcus Hiles gives important advice to occupants and home seekers that can help them reduce their energy bills significantly in the hot summer. Marcus Hiles, Chairman and CEO of Western Rim Property Services, follows these same methods in every house he builds. First, he recommends incorporating windows with a solar heat gain coefficient of 0.22 to 0.24, such as the Cascade Low E Argon Gas Win Pro Series. He adds that old windows belonging to the 1980s will lose up to 100 times more energy than a wholly insulated solid wall when heat transfers. Older casements, transoms, and sliders may look extraordinary but having modern windows and frames stop air as well as energy leaks, cutting heat loss by as much as 75%.
Depending on the location of Marcus Hiles’ complexes, there are various amenities available nearby. Some are located near golf courses, others close to nature trails and still others provide the city conveniences so many have grown used to. They are all located with beautiful natural backdrops providing views of rolling hills, rivers and creeks, and other beautiful natural scenery. Tenants don’t even need to leave the property for many conveniences like first-class fitness instructors and on-site Starbucks coffee. The apartments are designed with functionality and elegance in mind combining elevator access with designer kitchens and crown molding. Hiles owns and manages over 15,000 units, with that number always growing. Every design implements energy-efficient roofing, insulation and other environmentally friendly features.
Marcus Hiles stated that a common factor among the cities on the list was the availability of jobs with big employers in rapidly growing sectors like technology and healthcare, and a large young adult population. A new study conducted by personal finance website NerdWallet rated Austin, TX as the best metroplex in the country for high paying jobs and affordability. Here, the abundance of jobs offered by Dell, Apple and IBM on top of the thriving nightlife and live music scene have resulted in young professionals from around the country descending upon Austin, and seeking rentals at reasonable rates. “Affordability is a key part of why millenials are deciding to move to the Midwest, as opposed to job centers on the East or West coast,” Realtor.com Chief Economist Jonathan Smoke explained to Construction Dive last November. “There is a huge disparity in how many dollars are needed to get a home in Des Moines versus San Francisco”.