Secondly, Hiles completely endorses renters’ and buyers’ demands of the latest ENERGY STAR rated appliances. A significant factor in today’s buying decisions is the U.S. Environmental Protection Agency’s ENERGY STAR voluntary labeling program that was launched in 1992. Every year, consumers and program partners buy as many as 320 million energy efficient products that lessen utility bills by as much as over $31 billion. “When compared to appliances that are ten years old, with ENERGY STAR you can save almost 50% on your energy bill,” he highlights.
When air conditioners work relentlessly in peak summer, Marcus Hiles recognizes traditional roofing insulation as the main cause of high cooling needs. A house roof absorbs the sun’s strong energy, and then turns the attic and air ducts hot, which causes the cooling costs to go up severely. He elucidates that highly reflective radiant barrier roof panels installed in the attic reflect heat, thus reducing up to 97 percent of heat transfer from the base of the roof. “This third smart trick will keep your attic up to 30 degrees cooler,” he adds.
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Owning and managing more than 15,000 apartment units, Marcus Hiles knows what tenants are looking for and makes sure to offer them everything they could want. Gorgeous scenes of rivers, creeks, rolling hills and other natural views accompany many properties. But there’s more than just a pretty view, the properties are also equipped with Starbucks Coffee on-site, top notch fitness instructors, and more depending on location. Marcus keeps the environment in mind with his designs, offering energy-efficient roofing, windows, insulation and more. Comfort and convenience are key and that shows with designer kitchen cabinets, crown molding and even elevator access.
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Marcus Hiles hinted at a common factor among the cities on the list being the presence of top employers in rapidly growing industries like technology and healthcare and an above average young adult population. A new study from personal finance firm NerdWallet, for example, discussed Austin, TX as the best city in the country for high paying jobs and affordable living. Here, the thousands of jobs offered by Dell, Apple and IBM meld with a thriving nightlife and live music scene, bringing in young professionals from around the country 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,” said Realtor.com Chief Economist Jonathan Smoke 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”.
Read more: http://finance.yahoo.com/news/marcus-hiles-affordability-texas-luxury-051500493.html
Marcus Hiles is one of the most knowledgeable experts on the real estate market trends. Being the CEO of Western Rim Property Services, he is familiar with the current rising expenses for owners and buyers of real estate properties across Texas. For that reason, he suggests an alternative to buying. Marcus Hiles suggests for all people to rent properties rather than buying because there are growing expenses, not only in mortgages but also other figures which are higher than ever. Maintenance and renovation may hurt your budget which is an additional reason to rent rather than buy a property. Find out more: