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.