The wish list and must-haves of renters and home buyers in today’s market has drastically changed in recent years. Most seen within the nation’s top surrounding metro areas, residents are putting importance on not only their indoor living area but also their outdoor accommodations.
Two example locations are suburb areas that border two of Texas’ top cities: Austin and Dallas. Recognized as being some of the best places to live in the state, the suburbs of Allen and Riverside, Texas have been recognized as offering some of the best in balanced living, helping the area’s residents sustain healthy, active lifestyles.
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The three keys to a growing area – housing, job and population increases are on the rise in Dallas and its surrounding suburbs; continuing to make it one of the fastest growing cities in 2018.
Leading the nation in population increases, Texas topped the charts as the number one state experiencing growth year over year from 2016 to 2017 in study conducted by the U.S. Census Bureau. With Dallas as the number one location in the state, it’s no wonder this city is growing in popularity for 2018.
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One of the country’s largest states, Texas has been making a big impression in the economic development of present day commercial opportunities seen across the globe. Taking its place at the top in year-over-year population, job expansion and overall commercial growth; the state has been attracting residents and businesses from across the country and world over the last decade.
Appealing to out-of-state and international transplants for its low cost of living, increasing job opportunities and overall quality of living; the business community is also fueling from similar benefits the southwestern state offers.
Beginning with the accommodating business climate, big name and newly established companies are brought to the area through the nationally low taxes and regulations it provides. Also adding to its appeal are the decreased barriers to entry Texas’ vast commercial landmass enables along with the talented population it retains. “With these key factors separating the state from others in the nation for its commercial value, businesses are looking to Texas to help position them ahead of competitors and for a future of success,” shares Marcus Hiles, a leading Texas entrepreneur and CEO of the Dallas-based property firm Western Rim Properties.
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The commercial industry throughout the state of Texas has seen growing interest from globally recognized organizations among the world’s leading markets. Tech and industrial sectors, hospitality, manufacturing and energy industries are among those growing their roots in the nation’s second largest state that offers some of the best in vast land mass, talented workforce, affordability and business friendly regulations.
A unique environment where a collective group of diverse companies, populations and communities can come together to create opportunities and success at scale, the state has positioned itself in a way that has attracted organizations such as AT&T, Dell and Southwest Airlines.
Fortune’s 64th annual report released late this May sees the state as owning the third largest sector nationwide for Fortune 500 Company headquarters. The businesses on this list are those leading the economy and operating at a rate that produces 2/3rds the United States GDP. With nearly $13 trillion in revenue combined, Fortune describes this elite group as the most important engine of both US and global economies.
Holding 48 of the 500 firms on Fortune’s list, it is no surprise the overall Texas economy has continued to grow steadily each year in part from these companies that are each pulling in a minimum of $5.4 billion in revenues.
“The benefits that have come to the Texas area through this level of mass business operations has also commercially impacted other areas. Small business and startup communities, business infrastructure industries such as data centers as well as the migration of out of state and international employees coming for job opportunities,” shares DFW-based entrepreneur Marcus Hiles, who has seen a growing demand in his rental properties from this commercial boom.
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America has made over $166 billion in capital investments in 2015, a ten percent growth from the prior year. With nearly a third of the inputs coming from Texas, Dallas based real estate investor Marcus Hiles considers his state has not only displayed the possibility for sustained long-term economic growth, but has also become imperative to the successes of the American economy. As Chairman and CEO of Western Rim Properties, Hiles has reviewed the market for more than thirty years in the journey of making rewarding, strategic property acquisitions. Overall, U.S. capital investment rose $16 billion from 2014; according to a report from multinational firm Ernst & Young. Texas clocked $48.3 billion in business financing, which positioned first in the country, and the Gulf Coast states who are conventional leaders in the energy industry, brought the highest number of investors for the fifth year in a row. Forty percent of the funds were granted to chemical manufacturing facilities, and seventy percent of those were fresh, liquefied natural gas export compounds. The Lone Star State also did extremely well in the financial, technology, and professional service fields, as shown by their 38,400 mobile project jobs, the top number in the nation.
Real estate developer Marcus Hiles has been making stunning communities all over Texas for the last thirty years. His achievement can be attributed to his one-of-a -kind vision of lavish living that has driven his projects—but also by being well informed about design trends and knowing the most looked-for styles that people need. Massive changes have affected what is expected of room partitions, exteriors and even the possible purposes of homes themselves: advanced architectural developments have led to net-zero energy buildings that create a balance between their total energy consumption with the amount of renewable energy they create, while passive and active houses offer two energy conservation processes for getting rid of all heating and cooling bills. Beyond this exhilarating progress in construction methods, drastic transformations are bringing more ease, space and light into today’s spaces and redesigning the way we live.
Aside from being on the list of the top ten biggest metropolitan areas in the U.S., there are more things that Dallas have in common with New York and Los Angeles. Marcus Hiles, a real estate developer in Texas, founds out that the individual population of all three urban areas comprise of more renters than houseowners. In fact, renters occupy 55.9 percent of the total number of households in Dallas. Until 2023 or beyond, the number of renters in the country is predicted to increase by 500,000 every year; this goes to show that tenancy is becoming a more preferable option than home ownership among Americans. The housing expenses of homeowners are actually greater compared to that of renters. While the total yearly house payments may become less compared to the annual rental cost, the rental lifestyle still prevails as a more advantageous option for the reason that there are upkeep expenses and steeper utility bills involved in homeowning.
Marcus Hiles, Chairman and CEO of Western Rim Property Services, urges Dallas tenants to get the most value out of their housing dollars by searching out communities that offer resort-like amenities. “There’s no need to feel suffocated in a boxy apartment complex when you can thrive in surroundings that reflect the lifestyle you envision,” he states. Hiles encourages potential renters to prioritize services and facilities that match their interests. Animal owners could discover properties that offer a private off-leash dog park, convenient waste stations, and nearby pet-sitting services, veterinarians, and groomers. “Families with children should find developments located in superior school districts, and that provide on-property parks, playgrounds, and activity areas,” Hiles notes. Similarly, avid golfers could move into communities that include nearby course privileges and have stunning golf course views, while fitness buffs might select properties with state-of-the-art fitness centers, ready access to personal trainers, and jogging trails.
Read More: http://www.marketwatch.com/story/marcus-hiles—-urges-dallas-renters-to-focus-on-lifestyle-amenities-2016-07-21
One of the core philosophies of Marcus Hiles, a commended Texas real estate developer, is environmental conservation. For him, it is an obligation to develop communities that are filled with nature and contribute to the effort of reducing humanity’s carbon footprint. Hiles’ love for the environment as Chairman and CEO of Western Rim Property Services is reflected to over 15,000 high-class rental townhomes and apartments found in the Lone Star State. One of his building practices that focus on the welfare of the environment is installing appliances that have an ENERGY STAR seal provided by the U.S. Environmental Protection Agency. Since the 1992 launching of this program, the application of ENERGY STAR in the U.S. has resulted to the reduction of 283.2 million metric tons in carbon dioxide emissions. Approximately 50 percent has been reduced in the annual utility costs of the ordinary Texan, which are $1650 for electric bills and $400 for natural gas.
For Western Rim Properties Chairman and Founder Marcus Hiles, luxurious design and eco-friendly housing are both incredibly important. The legendary real estate developer who singlehandedly altered the Texas rental market with his concept of luxury apartments and townhomes has maintained the highest standards for protecting the environment. Hiles’ upscale rentals are seamlessly integrated into the surrounding landscape, crafted with sustainably minded practices and featuring modern, energy-efficient amenities. Western Rim has truly made lavish living eco-friendly.
Read more: http://finance.yahoo.com/news/marcus-hiles-western-rim-properties-030821343.html