Having one of the region’s most progressive workforces and helpful local tax perks, Austin contributed a large sum of $626 million to the state, a twenty percent growth from 2015.
Marcus Hiles claims that the technology center saw its utmost annual dollar figure since 2001 combined with an immense rise in importance, “Austin is a brand, and venture capitalists are very fond of it,” said Bernard Weinstein, an economist at Southern Methodist University, “They put their money in Austin to be a leader in IT and software development.” The software industry boosted a majority stake of investments, with $328 million going into forty-two deals. Biotechnology and IT services followed, making $120 million and $56 million, correspondingly. Mayor Steve Adler considers readiness to innovate has played an important role to his city’s commercial success, “There’s a reason that tech and transportation companies come to Austin to roll out their new initiatives. And that’s because Austin is where good ideas become reality.”
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In current times, flexibility is of primary importance while designing houses, and Marcus Hiles says that houses are being planned with open floor blueprints and flexible rooms that can certainly transform to accommodate newer members of growing families. Perceived spaces—that is, rooms marked by various materials or shades found in roofs or floors—is a new approach to make interiors seem more spacious while excluding unnecessary walls. Breaking through barriers is what true design really means. For example, larger windows permit extra light and can replace walls right away, while combining the inside with the outside world. Bearing in mind the end goal to make homes more alluring, hot tubs, gyms and spas have been created making relaxation easy to achieve. Additionally, as the attractiveness of cooking gourmet dinners has expanded, so have kitchens: with restaurant-like appliances and furniture like islands, kitchens are usually assigned extra overall square footage and have become the hub of the house, bettering dining and living rooms as the place families come together.
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One of the expertises of Marcus Hiles in real estate development is analyzing the effect of various building features and materials on energy consumption. His utilization of window placement techniques that maximize the efficiency of a housing development’s orientation and materials is essential to keep Texas homes warm during the winter and cool during the summer. Huge percentage of heated air and cooled air is maintained indoors if the home has shading devices, anti-air leakage frames, and windows with the proper solar coefficient. This does not only boost cost saving but lessens carbon emissions as well. For Hiles, radiant roof panels are important heat reduction components among homes because they bounce back the majority of heat coming from the sun, preventing it from reaching the air ducts through the roof and ultimately decrease five to ten percent of cooling cost. He also includes air conditioning systems that have greater seasonal energy efficiency ratio (SEER) in the houses to create more value. As a result, lesser carbon is emitted and residents in Western Rim Property Services communities save $420,000 worth of energy.
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Why people prefer renting rather than owning? Hiles states that, the advantage of rental lifestyle to people in Texas and the rest of the country is flexibility. “We like to live in an area temporarily,” he reflects. “The thought of residing in one place for long, perhaps for a span of a 30-year mortgage, seems to be a thing of the past.” A research shown by Hiles reveals that renters appears to have more benefits in the long run compared to the individuals who own a home. “It is easier for renters to socialize with others and take part in leisure endeavors,” he includes.
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Marcus Hiles, while recognizing that happiness assumes many forms, explains 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 says. This results in residents saving hundreds of dollars each year in utility bills. And, because they don’t have to bother with yard work, home repairs, or mortgage escrow accounts, upmarket renters have more time and cash to chase 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 said. “In my experience, a resident’s happiness increases in proportion to the time spent living in a luxury rental community.”
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Complexes designed or managed by Marcus Hiles are of high quality and have everything you need to live a luxurious lifestyle for a reasonable amount of money. Renters have multiple features available, from easy access to golf courses and trails to numerous conveniences as on-site gyms with a fitness trainer. Rest and relaxation are also taken care of since there’s an on-site Starbucks or if you’re a nature lover, there are many parks overwhelmed with trees and vegetation, surrounding the community. Whatever you’re looking for, Western Rim’s properties have it all. More about this on: http://finance.yahoo.com/news/marcus-hiles-offers-luxury-complexes-051139422.html
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”.
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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
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Charitable actions such as Hiles’ have become increasingly important in recent years, as the city’s inner-city school districts have struggled to overcome a 2011 ruling by the state Legislature which cut $5.4 billion in education funding. Most affecteds by the cuts were schools in low-income urban communities, where low property tax revenues were unable to compensate for the budget loss. Since this controversial 2011 decision, inner-city schools have lost an average of 12 percent of their full-time teachers, leaving students in overcrowded classrooms with less individual attention. The New York Times reported that the state of Texas considers 66 percent of students in the Dallas district to be at a considerable risk of dropping out, and Marcus Hiles believes the city’s youth deserve better opportunities.
“For these children hailing from lower income families, a quality education plays a pivotal role in improving social mobility,” Hiles said. “Kindergarten through 6th grade is essential to the next generation’s success.”
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Marcus Hiles Spreads Upscale Living Throughout Texas
Prominent and well-respected real estate developer Marcus Hiles has brought upscale living to residents throughout Texas with rental apartment homes featuring cutting-edge design alongside state-of-the-art appliances. In addition to providing residents with affordable yet upscale amenities, he elevates daily life and lowers monthly expenses in an eco-friendly way. While there are many simple tactics people can follow to reduce their utility bills (such as unplugging electrical devices when not in use and using less water by turning sink valves half-way off), Hiles offers a more effective solution: the special, upgraded features that come standard in the communities built by Western Rim Property Services, which make saving money effortless.
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