Marcus Hiles, the leader of Western Rim Property Services, shares that communities with resort-style facilities can provide the best value among Dallas tenants. “You can switch from a sultry four-cornered apartment complex to a property that embodies your dream lifestyle,” he says. “It is crucial for potential renters to access services and facilities that suit them. Animal lovers can have the best time with their pets at properties that have close access to pet-grooming and veterinary clinics, and contain comfortable waste stations and a private off-leash dog park inside. Other developments are designed for the convenience of families with kids because they have on-property parks, recreational areas, and playgrounds, and are situated in exceptional school districts,” Hiles adds. Moreover, fitness buffs should stay in locales where they can jog along an extensive network of trails, exercise in modern fitness centers, and workout with professional personal trainers. Communities with astonishing golf course landscapes and golf incentives may also appeal to keen golfers.
At first look, Dallas doesn’t come to have many commonwealth with New York and Los Angeles beyond grading among the ten growing 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 dwell in rental housing. Across the country, Americans are increasingly selecting tenancy over home ownership, with the principal of renters aspired to bulge by at least a half million each year through 2023. Opposed to common wisdom, homeowners’ housing expenditures far exceed that paid by renters. While the annual worth of rent may break away total house payments for the year, buyers are loaded with maintenance sustenance and further utility payments — making the rental lifestyle even more interesting.
The neighborhoods built and managed by Marcus Hiles across Texas offers residents resort-style living and upgraded conveniences. From the rich wood and Italian marble flooring to the cooling radiant barrier roofing in the attics, Western Rim’s Estates, Towers and Mansions brand properties feature lavish interiors and green building. The striking design of extra-tall, dual pane windows complements their functionality: they feature a layer of argon gas with a solar heat gain coefficient minimum of 0.22 to reduce heat loss in colder months by nearly 75 percent. This also helps minimize cooling requirements during summer. Utility bills are likewise controlled by highly efficient weather stripping; with tight seals regulating the temperatures set by programmable thermostats and HVAC systems that use way less energy than standard thermal comfort units. Buildings are also outfitted with cellulose sound insulation, giving renters protection from foreign noise, diminishing volumes between walls and floors by 80 percent. Liquid-conserving irrigation systems feed luxurious baths outfitted with jetted tubs and rainwater showerheads, while ENERGY STAR certified Whirlpool® brand appliances provide top-notch and sustainable choices for the refined gourmet chef-quality kitchens.
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.
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”.
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.
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.