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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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.
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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.
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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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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.
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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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