While much will depend on actions taken by the incoming presidential administration, property developers have generally noted that the era of low mortgage rates are over, and as a result, home sales will begin to subside in the coming year. As families seek affordable housing and move towards the suburbs, The Washington Post reported, “the percentage of people who drive to work will increase for the first time in a decade.” Citing a Jan. 14 report in Forbes, Marcus Hiles explained that as jobs leave cities, young professionals are following. Surrounding Dallas, for example, Toyota and FedEx headquarters are moving to West Plano, and State Farm has built a massive presence in Richardson. Large employment sectors dominate Irving, Plano and North Dallas, and the locations in which apartments are being developed have coincided with this trend. Despite Dallas’ Uptown and Downtown submarkets experiencing a housing revival and an abundance of new rental options, most of the construction – 82 percent – continues to be in areas outside of the urban core.
As Americans are increasingly choosing to lease instead of owning their residences, the total market of renters is expected to expand by at least a half million residents each year through 2023. Marcus Hiles and Western Rim have spent nearly thirty years building and maintaining over 15,000 upmarket rental apartments, condos, and townhomes, meeting Texas’s growing rental property demand. These developments accessible to many of the state’s biggest urban centers, including Dallas, Houston, San Antonio, and Austin, and deliver affordable luxury and resort-style amenities in a suburban environment. Business centers, walking trails, open green spaces, perks at premiere golf clubs, cellulose soundproofing technology, and sustainable design provide residents the opportunity to live a high lifestyle, without the high costs that come with home ownership in today’s high-priced real estate climate.
President Barack Obama’s first four years invested massive time and energy recovering from an economic challenge to rebuild the real estate market and the economy as a whole. During Obama’s second term, notes Marcus Hiles, the real estate industry realized growth in both commercial, in addition to residential projects, enhanced by a healthy rental market. According to the National Association of Realtors Economists’ Outlook, commercial property sales volume increased by 9 percent 2015, with a 7.5 percent capitalization rate, 85 basis points below the rate of 2014. As President Obama’s Presidency nears conclusion, real estate has shown major improvement. Low interest rates, an improved GDP, and an outside boost from large, high end commercial projects, complement what was noted by a Nov. 9, 2016 post on Financial Buzz, ” Interaction with global partners in the iron and steel industry to concentrate on high-rise buildings has improved the vertical landscape of the country.” Overall, the economic policies of President Obama allowed the industry to achieve decent growth.
While safeguarding wage growth and increased employment opportunities in the private sector are key, Marcus Hiles notes that political efforts also must pursue educational opportunities seeking to empower students. The Programme for International Student Assessment ranked U.S. school children in the middle of the international pack for math and science, as Pew Research Center reporting placed them 36th and 28th out of 65 countries total. While politicians have been discussing the results and demanding better educational opportunities for decades, new policies need to encourage more students to study math and science, ultimately, at the college level; The U.S. Department of Education believes that, “only 16 percent of high school students are interested in a [science, technology, engineering or math] career and have proven a proficiency in mathematics. Despite the changes in learning standards and curriculum needing to be instituted as early as grades K-6, older teenagers finishing high school require better options for acquiring trade skills that equip them for jobs in the construction and health care fields. Many expect that this presidential administration follows through on promises to offer a bigger role for community colleges in the market, with commercial real estate and house building industry career training readily available to students working toward work in construction and infrastructure improvement.
As the Texas summers heat up, citizens across the state struggle to keep energy bills at a manageable level. Marcus Hiles, as the Founding Chairman & CEO of Western Rim Property Services, employs energy efficient techniques in every development he constructs. Recently, in further support of his residents and the state’s citizens, the veteran property developer shares four simple tricks to drastically lower utility bills.
Marcus Hiles Keeps Elegant Lifestyle Affordable For All
Marcus Hiles has made it the primary goal of his company to provide the exquisitely designed homes and comprehensive amenities which an elegant lifestyle demands at an affordable price point. In downtown Austin, The Mansions at Lakeline mirror the rich array of arts and culture with a chic, urban location near the hundreds of new restaurants and shops in the area. In Conroe, Texas, The Towers Woodland’s natural splendor is incorporated at every opportunity, with residents enjoying breathtaking lake views, 44 acres of jogging paths and picnic areas, a fishing pond, and an off-leash dog park. Every neighborhood aims to provide a year round retreat from the stresses of daily living, offering full day spas, personal trainers, and concierge and maintenance services available around the clock.
Marcus Hiles Using Dual Pane Windows With Layer Of Argon Gas
Hiles’ rental homes, townhomes and apartments remain energy efficient without sacrificing the luxurious amenities. The roof of each building includes highly reflective radiant barrier panels that can reduce heat transfer by up to 97 percent, while lowering indoor temperatures by 30 degrees. Top-notch weather stripping and dual pane windows with a layer of argon gas and a solar heat gain coefficient of at least 0.22 further prevent heat loss. Indoors, apartments are equipped with Energy Star rated appliances that not only reduce renter’s carbon footprint, but also lower their utility costs. For air conditioners, the industry standard is to install units with a seasonal energy efficiency rating (SEER) of between 12 and 14, but Marcus Hiles insists that only units with SEER values of over 16 be installed. This results in residents across his 15,000 properties reducing their carbon emissions by 32,000 tons, and accruing almost half a million dollars in savings.
The non-profit groups that collect goods to feed, clothe, and equip needy children for school, such as the church that will distribute Hiles’ winter coats to K-12 grade students, are essential to personal growth within the community, and Marcus Hiles urges local businesses and residents to get behind these causes. By providing spiritual, emotional and academic support, the programs help at-risk youth overcome tough situations, placing them on the best path for success.
Marcus Hiles – Discusses How Cutting-Edge Solutions Have Modernized Architectural Landscapes
Recent novelties in architectural design made it possible for hot outdoor spaces to become the most favored feature of housing construction, their popularity primarily being attributed to low maintenance costs and ultrafashionable futuristic look. Marcus Hiles notes the growing interest in open-air living elements that are ecologically clean, yet along with that are affordable in price. Conservation-friendly, sustainability-oriented alternatives to traditional designs, such as permeable pavement and storm water runoff containments are the leading avant-garde landscape residential designs nowadays. A rooftop water collection system is utilized to allow for condensation of rainwater from the air and its transition to storages in wells, followed by further evaluation of the drained water before it becomes reprocessed on-site. Graywater recycling is a process that takes waste water that has been previously used in households and office buildings, through streams coming from washing machines, showers, baths, and tubs and further redirects it for non-drinkable consumption purposes. Normally, the reprocessed water will be utilized in rest rooms, sinks as well as in irrigation. Overall, reusing graywater considerably reduces the need for purified water and reduces the amount of sterilization required. Another cutting-edge achievement in architectural design is permeable paving, the practice, however, dating back many centuries. The system was first deployed thousands of years before the contemporary urban planning, when people started building roads by placing heavy layers of crushed stones, recycled concrete and other materials atop the beds for drainage purposes. The rainwater would pass through small hollows between gravel, paving material, fabric, and sand – the four core components of filtration, before it was absorbed by the earth. This simple, smart, and environmentally clean surfacing has many advantages, including but not limited to minimizing pollution and runoff, keeping the flow of storm water to drains and spillways under control, restoring local underground and spring water supplies along with offering pavement skid resistance for patios, walkways and driveways.