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.
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.”
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
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”.
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:
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.”