CEO of Western Rim Property Services, a firm that specializes in luxury properties, Marcus Hiles is optimistic about the findings of the report by the Texas Association of Realtors. He even says that the findings can help him cater to his clients better. “At Western Rim, we always keep an eye on industry trends and movements to better understand our clients. The new findings by the Association deliver valuable information to our team about regional property sales. Likewise, it highlights that the state’s overall real estate vertical is promising. It’s a great time to be in Texas,” says Hiles.
The report put together by Texas Association of Realtors indicates that while residential sales have increasingly grown, actual housing inventory and active listings have significantly reduced in Q1 2016 when compared to the previous year. According to the report, listings went down by 11.9%. Also, the study shows that active first quarter listings spent an average of only 64 days for sale on the market, less three days from first quarter 2015.
As one of Texas’ most well-known real estate developers, Marcus Hiles wholeheartedly supports residents’ insistence upon installing ENERGY STAR rated appliances. The U.S. Environmental Protection Agency’s voluntary labeling program, launched in 1992, has become a significant influence in purchasing decisions. Currently, consumers and program partners are buying 320 million energy efficient products each year that cut utility bills by more than $31 billion annually. “Compared to appliances just ten years old, with ENERGY STAR you can save almost half on your energy bill,” Hiles explains.
Marcus Hiles’ organization Western Rim has been working hard for years to make urban groups greener and these efforts have lead to the increase of natural assets in the vicinity. Their yearly tree planting activities may assist in the reduction of nearly 75 tons of carbon dioxide dependably, while making oxygen that is enough for as much as 6,000 people. After 10 years, these planted trees will without doubt give a yearly reduction of 600 tons of carbon dioxide. Also, they will give oxygen enough for 50,000 inhabitants.
A recent Forbes article has proclaimed that Millenials(people between the age of 18 and 34) will be the largest generation cohort in 2016. Although there is a belief that people in this age would rather live in cities, Hiles strongly believes and points to evidence that as the Millennials begin to age, their desire to live in the suburbs grows. Being the expert he is and the CEO of one of the greatest real estate companies in the US, Hiles predicts that most of these individuals will become suburban residents, similar to generations before them. Find out more on http://finance.dailyherald.com/dailyherald/news/read/33730428/Marcus_Hiles_
Copying city lifestyle with sophisticated amenities, suburban developments have evolved, offering a lot more than major urban counterparts. These attractive options provide a sense of community and a luxurious vibe, but come with a lower price tag, notes Marcus Hiles. The New York Times highlighted features like doormen, resort style tanning space and clubhouses, theaters, business centers, saunas, and golf perks are bringing in renters, along with more traditional details like parks and banquet rooms. Additionally, suburban developments often come with a built-in social community and small but engaging business districts, often within walking distance to busses, light rail, or subway, for an easy commute to urban centers. Hiles’ communities, stocked with pristine amenities like tall windows, high-end construction, and outdoor recreation and entertaining spaces, sit above and beyond standard market offerings.
The rising trend of expansion out of the more concentrated metropolises, is expected to continue as the benefits of newer bedroom communities are increasing and evolving. Marcus Hiles anticipates that suburbs will outpace cities in growth for the foreseeable future as the drive for affordable, lifestyle oriented residences remains high in demand. This change in demographics can be attributed to the differing ways people are choosing to work and live.
Marcus Hiles’ Dallas-based company has single-handedly transformed the real estate market statewide by successfully growing the standard of living. “We consistently secure premiere land near the highest-rated schools,” Hiles explains, “and offer very competitive price point for our exceptional signature homes.” Beyond seeking out top-notch areas within the best school districts, tenants are drawn to the incredible comforts of the neighborhood itself. Boasting spacious, welcoming clubhouses with HDTVs, premium audio systems and rapid fast Wi-Fi, as well as fully equipped, 24-hour fitness facilities on site, communities deliver five-star hotel-level services and attention. Other exclusive neighborhood details include infinity-edge swimming pools with adjacent cabanas, top-of-the-line indoor tanning beds and child-friendly splash parks. Properties boast covered gourmet patio kitchens and grilling areas, with inviting fireplace lounges for hosting cozy get-togethers with friends and neighbors.
Whether you are looking to rent or buy, the constant dilemma is choosing between a chic urban life or a luxurious suburban community. According to area’s top property agents, in any given circumstance the price per square foot in the city is twice as much as it is within an outlying district. While it is crucial to monitor financial aspects of the pursuit to stay on budget, the price is not the only thing that buyers and renters should consider. Employment opportunities are more important to take into account, as analysts point out that job creation rates are several times higher in the northern counties of the Dallas-Fort Worth metropolitan area than in the city. The rise in the labor market has led the economy of the suburbs to grow significantly, with incomes increasing by approximately 30-50 percent over Dallas and Fort Worth, notes Marcus Hiles. As the average income continues to climb, the property values in the housing market trend upwards. Higher education, resident health, and overall safety are also associated with improved wealth and property value of the Fort Worth properties.
Marcus Hiles’ Dallas based Western Rim Properties has made thousands of rental homes available across Texas that are a testament to the company’s goal of offering the finest housing options in prime locations at the lowest possible cost. Hiles’ vision of delivering lavish housing at a reasonable price is accomplished without shortcuts, as apartments are constructed with high standards and premium materials. Ceilings are pitched to nine or ten feet, while durable flooring ranges from Italian marble, choice woods or thick density carpet. Dual pane windows help minimize heat loss throughout colder months, attics are outfitted with reflective LP® Techshield radiant barrier sheathing to lower temperatures and cooling costs in warmer months, and homes feature full depth cellulose sound insulation to attenuate external noise. Kitchens showcase unrivaled attention to detail – hardy granite countertops, streamlined under-cabinet lighting and stainless steel appliances keep the most discriminating home chefs satisfied. The fine design offerings extend to the bathrooms, where chrome fixtures, porcelain tile, rainwater showerheads and jetted tubs give the spaces the feel of a private spa.
Everything is improved in Texas, including the market for convenient living. Marcus Hiles, Chairman and CEO of Western Rim Property Services, notes that virtually all new rental properties built in the Lone Star State are upscale, creating modern opportunities for renters to appreciate a luxurious lifestyle. “An increasing number of singles, families, empty nesters, and retirees are finding contentment through renting,” he states. “Across the U.S. the number of renters is anticipated to grow by a half million each year through 2023.”
Why the option for renting over owning? Hiles indicates that, in Texas and across the nation, people welcome the flexibility that twins with the rental lifestyle. “We’re a mobile population,” he reflects. “The idea of settling in one place for a decade – or for the length of a 30-year mortgage – doesn’t hold the same appeal as it did a generation or two ago.” Bringing to light the myth that homeowners have an edge when it comes to personal fulfillment, Hiles points to review showcasing that renters come out on top. “People who rent actually spend more time engaging in leisure activities and interacting with their friends and neighbors,” he adds.