While school districts continue to build educational options across the country, the environment and surroundings of each school remain closely linked to the quality of education offered. Suburban communities maintain lower crime rates than urban areas, creating a safer and more tranquil atmosphere with better social systems and engagement. School systems built in suburban areas typically spend more money per student than urban districts, leading to better facilities, resources, and teachers. The ensures optimal learning environments for students and increases their overall education experience – both having a greater and far-reaching effect on their lives. Marcus Hiles recognizes the quality of life that a suburban community can provide, which is why he prefers to build and develop rental complexes in the established and forthcoming suburbs that are situated near the state’s largest cities. With the state’s top-rated school districts in the area, accessibility is easily found in these suburban developments.
Trends in recent years show growing interest in the Texas suburbs. Towns including New Braunfels (located between San Antonio and Austin), Frisco (in the Dallas/Fort Worth metro area), Georgetown (a 45 minute drive north of Austin) and Pearland (near Houston) have leapt into last year’s top ten list of the fastest-growing American cities with a population larger than 50,000. Census figures show that despite the state gaining nearly half a million new citizens in one year, with 1,200 new residents on average daily, suburban counties are seeing the biggest growth. North of Dallas, Collin Country is projected to grow by an astonishing 386 percent over the next 35 years, which will bring its population to approximately 3.8 million. Marcus Hiles has noted that many counties are growing at twice the rate of their adjacent urban cities, with Hays, Fort Bend and Kendall counties seeing a 20-23 percent increase over the last sixty months. “Expansion into these areas is a logical progression,” Hiles, of Dallas, noted. “As the total number of people looking for a place to call home increases, economists and developers expect to see the percentage of renters continue to rise as well.”
“It’s really an ideal combination of factors behind the tech boom,” noted Western Rim’s Marcus Hiles. “Texas, of course, is a very business friendly state with zero personal income and corporate taxes. Besides economic incentives, Austin is also renowned for its culture and art, relaxed healthy lifestyle and great weather. Additionally, the University of Texas at Austin brings in many talented young people from all over the world who make the city their home.” Austin takes these elements and adds a low cost of living, much more affordable than its coastal tech counterparts such as Silicon Valley or New York.
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.
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.
The labor involved in owning a home is virtually non-existent when residing in an apartment managed by Western Rim Property Services. Each complex provides professional landscaping and preventative maintenance. Apartment living also offers flexibility to occupants, with various lease lengths and a wide array of convenient building locations to choose from. Forbes states that apartment markets are booming for young millennial families and professionals, “as their preferred lifestyle and financial situation combine to make renting more attractive than owning.”
Read more: http://markets.financialcontent.com/investplace/news/read/33714935/Marcus_Hiles_
Since the founding of Hiles’ Western Rim Property Services in 1990, over 15,000 properties and several branches have grown from his original organization over the years, with the driving force behind it all being a commitment to change lives for the better. Marcus Hiles set off by developing properties boasting amenities that elevated lifestyles but remained affordable. His successes have stemmed growth and development enriching both the lives of his properties’ residents and rewarding Hiles for his excellent leadership, providing elegant, comfortable, desirable options for the housing market. Intent on giving back to the communities that have supported his prosperity, Hiles has returned the favor through more than $2.5 million in K-12 and college scholarships, and the donation of thousands of school backpacks filled with supplies, all in the name of education. Additionally, he has gifted meat to local food banks, and provided funds to build three churches, boosting the spirit of the communities he has so strategically selected.