What is driving the preference for renting over owning? Marcus Hiles notes that, in Texas and around the country, people enjoy the flexibility that accompanies the rental lifestyle. “We’re a mobile population,” he demonstrates. “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.” Debunking the idea that owners have an edge in personal fulfillment, Hiles points to research explaining that renters come out on top. He adds, “People who rent actually spend more time engaging in leisure activities and interacting with their friends and neighbors.”
Marcus Hiles discusses outdoor trends that offer minimal maintenance and optimal design. Open areas that are sustainable and reduce utility coasts are rising in demand. Green methods including rainwater and graywater harvesting and permeable paving are some of the most sought after features discussed by the CEO of Western Rim Property Services.
If Texas were a sovereign nation, it would take pride in being recognized the world’s twelfth largest economy, by its gross domestic product (GDP). Real estate investor and developer Marcus Hiles attributes the Lone Star state’s impressive records to its unmatched commitment to less government regulation and decreased spending, and calls on other states to follow Texas’ best practice. “Over years, our leaders have boosted a favorable environment for businesses and the rest of Texans to operate and maximize their profits,” he explains. “We have no corporate or personal income tax, and the Legislature’s consistent efforts to curb spending growth is noteworthy.”
Marcus Hiles offers advice for Dallas area renters, born of his years of experience building rental properties that embody luxury living. “When renters choose to live in communities that align with their lifestyles, they achieve a greater work-life balance,” he points out. That equilibrium is particularly important because a third of apartment tenants are between the ages of 30 and 44 – in the prime of their careers – and another 30 percent or renters are between 45 and 64. Hiles’ designs apartments that deliver resort-like amenities while maintaining an enviable commute distance, ensuring that Dallas will continue to trend toward renting over home ownership.
Energy Star Important For Renters, Buyers, Says Marcus Hiles
Many renters and buyers now insist upon the latest ENERGY STAR rated appliances, and Marcus Hiles fully supports this cause. A product of The U.S. Environmental Protection Agency, the ENERGY STAR voluntary labeling program has become a powerful influence in purchasing decisions since its launch in 1992. Every year, consumers and program partners purchase 320 million energy efficient products which help residents shave utility bills by over $31 billion. “Compared to appliances just ten years old, with ENERGY STAR you can save almost half on your energy bill,” Hiles says.