There has been much deliberation about how President-elect Donald Trump will influence real estate policy matters when he takes on office in January. Numerous speculators are hopeful to have a businessman in the role of President of the United States, taking this as a chance to decrease a hefty portion of the regulations being levied on businesses. Indeed, even with his wide experience in real estate, Trump has been for the most part quiet about what his influence around there will be. As indicated by a current Forbes article written by Lawrence Yun, the Chief Economist of National Association of REALTORS, one of Trump’s greatest impacts on the property business could be change in some shape to the Dodd-Frank financial regulation. “A clear positive would be the lifting of compliance costs imposed on small-sized banks. Around 10,000 local and community banks have traditionally been the source of funding for construction and land development loans. With less regulatory burden, these small banks can make more loans and will boost home building activity – something that is needed in the current housing situation.” Marcus Hiles is optimistic about the real estate situation and has been banking on high growth areas
According to study conducted by Harvard University, a number of factors around the country have contributed to this shift. Changes in the real estate and financial markets have led to over 43 million families and individuals opting to rent property — a record-breaking increase of approximately 9 million over the course of ten years, notes Marcus Hiles. Social trends may account for part of this, as the latest U.S. Census illustrated a large percentage of the population of Dallas falls between the ages of 20 and 29. Millennials are statistically likely to marry and have children later in life, and single individuals or those making less than $25,000 per year have seen the most movement towards renting over the last decade.
In late 2014, when the price of oil dropped dramatically, citizens throughout Texas suffered economically, with areas surrounding Houston taking the hardest hit. Marcus Hiles was excited to see that, as 2016 came to a close, the value of crude oil doubling since their February lows and active rig counts rising by 200 in recent months, helping both the oil industry and the Houston economy stabilize and continue growth trends. Mining and logging, the sector that includes oil and gas extraction, added 3,200 jobs in November alone, while the greater Houston metropolitan area continued job increases by half a percent, higher than in 2015. “Everyone can uncross their fingers now, because the worst is over,” explained Patrick Janikowski, senior vice president of research for the Greater Houston Partnership, in the organization’s annual predictions for the coming year, “2017 should be a further step on the road to robust growth.”
Marcus Hiles’ premiere estates are designed to enrich the lives of young professionals and families by providing on-site features outside of the residences themselves. The amenities vary by location. A resort-style swimming pool and sunny tanning deck are just the beginning. A gourmet summer kitchen gives a great environment for entertaining. Outside Wi-Fi lounges provide networking space while the social club room features HDTV to enjoy alone or with a group. Reserved and covered parking with limited access gates gives increased security while a 24-hour emergency maintenance service keeps amenities ready to enjoy. Pets aren’t left out of the loop either, as pet-friendly estates are available and community social events allow neighbors to get to know each other better.
While school options continue to increase across the country, the environment and school’s surroundings remain closely linked to the quality of education provided. Suburban cities often have lower crime rates than urban areas, creating a safer and more encouraging atmosphere offering better social growth and engagement. School districts based in suburban areas generally spend more money per student than big city schools, leading to improved facilities, resources, and teacher quality. The gives students an optimal learning environment that has a profound effect on their overall education — with a greater and far-reaching impact on their lives. Marcus Hiles believes in the quality of life that a suburban community provides, which is why he continues to build and develop communities in both established and expanding suburbs alongside the state’s largest urban hubs. Enrollment in the state’s top-rated schools is always a possibility easily found in these suburban developments.
More people are moving to urban areas, and local ecosystems need wilderness spaces to keep the environment healthy. Urban wilderness promotes health and happiness among residents, cleans the air and creates life-giving oxygen. These areas heavy on trees and plants also help to hold ground and rain water for future use. American Forests is an organization that studies municipal forests and the repercussions of declining natural areas in cities. Marcus Hiles supports their mission to educate the general public about why these areas are beneficial to communities. Beyond the benefits of shade reducing heat retention and cooling vehicles by fifty degrees, just two trees can produce enough oxygen for one person and absorb twenty pounds of air pollution annually. As our cities grow, it is vital that residents create, maintain, and are able to benefit from urban wilderness areas.
With the expanding number of options available to a renter in modern times, it is critical to consider the amount of breathing space woven into an apartment or home’s floor plan. This is where Western Rim properties is the expert, utilizing tranquil space to provide not only valuable real estate but the best possible living quarters to enhance a resident’s quality of life. The National Multifamily Housing Council notes that 41% of Houston’s current population lives in rental properties, and Marcus Hiles understands the importance of catering to the modern renter by providing gorgeous apartment arrangements that include open open floor plans with private patios and balconies.
Each community is designed to be “The Best Place in the City,” delivering the utmost comforts at immense value. Located in carefully selected premier parcels of real estate, Marcus Hiles’ Dallas properties are situated in the best school districts and feature on-site lakes, private parks, vineyards, and access to a championship golf course. Unrivaled in first-class comforts, tenants can expect lavish wood and concrete floors, attached garages, granite countertops, stainless steel appliances, marble baths with rainwater showerheads, and 80-ounce carpet layering. Inside the clubhouse awaits a retreat that surpasses industry standards – cutting edge fitness facilities, spacious meeting areas, business centers, billiards rooms, and a relaxing spa. 163-foot, resort style infinity pools come complete with a tanning deck, summer kitchen, outdoor wi-fi lounges, and cabanas.
In the heart of Dallas city limits and within its nearby towns, businesses are purchasing buildings for astronomical, headline-grabbing amounts. Major 2016 transactions for several of the most visible skyline office towers saw a German investment fund’s acquisition of the 21-story 2000 McKinney tower in Uptown Dallas for over $200 million—nearly $500 per square foot. Up north in West Plano, an unnamed foreign investor is reportedly spending nearly $400 per square foot for the 13-story Legacy Tower, a record high for the city. Due to the cost of construction and the escalating valuation of land, capital is coming into the area from domestic and international sources willing to pay premium rates for office locations. Like corporations, buyers on the hunt for lower-priced homes are facing difficulty with many opting to rent instead. Marcus Hiles’ Dallas based firm has confirmed seeing increased interest in his luxury rentals as conditions have limited the amount of entry-level houses under $250,000 for first-time homebuyers.