Why are so many preferring to rent instead of own their own home? Western Rim Property Services CEO Marcus Hiles says that this trend is a result of people welcoming the flexibility accompanying the rental lifestyle. “We’re a mobile population,” Hiles says, referring to both Texans and Americans in general. “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.” Hiles notes research that demonstrates renters coming out on top to debunk the myths that homeowners have an edge. This is particularly true when it comes to personal fulfillment, “People who rent actually spend more time engaging in leisure activities and interacting with their friends and neighbors,” he says.
Marcus Hiles says that the first bits of planned communities in the United States were seen in St. Augustine in the year 1565. Amid the industrial revolution, towns like Gary, Indiana were the locales of innovative creations and financial enthusiasm. The underlying present day communities showed up amid the Florida land boom of the 1920s in Southern Florida, when the renowned Miami rural areas of Coral Gables, Opa-locka, and Miami Springs were completely planned with themes to imitate the look and engineering of Spain, Arabia, and Mexico. The Great Depression saw the Federal Government assemble model towns in West Virginia, Tennessee, Maryland, Ohio, and Wisconsin with a specific end goal to bring down the effect of the financial downturn on coal excavators, development specialists, and their families. The far off districts of Oak Ridge, TN; Richland, WA, and Los Alamos, NM were worked amid World War II to suit the groups of the researchers, designers and industrialized laborers of the Manhattan Project. Today, arranged urban areas cover the nation, in addition to the country’s capital of Washington, D.C., and the state capitals of Mississippi, Ohio, Indiana, North Carolina, South Carolina, Wisconsin, Utah, Florida, and Texas.
Savvy outdoor designs that are easy to maintain and economical are the newest in architectural advancement. Marcus Hiles has seen the upsurge in demand for open-air spaces that are sustainable and also reduce expenses. Environmental and conservation options such as rainwater/graywater harvesting and permeable pavement are commonly followed methods. Using rooftop collection methodology, rainwater harvesting sends wetness from the air for storage in a well to be disinfected and reused on-site. Graywater makes use of home wastewater and sends it to toilets and non-drinking purposes, reducing fresh water needs and saving resources on purification. An extraordinary idea for environmentally minded construction, permeable paving, goes back to thousands of years to an era when people first constructed roads by putting stones in beds over the ground. The method allows the rain to pass through small openings among four layers of filtration (paving material, gravel, fabric, sand) before becoming absorbed by the earth underneath. Its advantages include lowering runoff and pollution, restricting the flow of storm water to gutters and drains, refilling local groundwater supplies and providing a skid resistant surface for walkways, patios and driveways; their various pretty patterns often feature crushed stone, brick, and recycled concrete.
Fuel sources high on carbon such as coal and natural gas add up to over 60% of the electricity available worldwide. Nuclear, hydro, wind and solar are cleaner sources of power, but the process of getting them is too costly for the usual American. As an alternative, Marcus Hiles recommends smart and restricted use of lights, refrigeration, entertainment and cleaning appliances. By merely switching from old, incandescent light bulbs to compact fluorescent lights, energy usage for operation can be decreased up to 80%, and new light emitting diodes (LED) are even better options. Fridges and freezers can be made more optimal by not setting them too cold, making sure they are correctly sealed, are well defrosted, and positioned in the coolest area possible. Televisions, computers, phones and other technology must be turned off and unplugged when not in use, as even their standby use can be major. Laundry machines and dishwashers mostly have very high wattage, and their need makes it difficult to limit their use. However, cuts in energy consumption can be made by selecting the coldest temperature achievable, and by only washing full loads.
Marcus Hiles’ Western Rim has produced breathtaking communities in the northern suburban areas of the Dallas-Fort Worth metroplex that have actually provided house seekers plenty of high-class choices. Found in locations that make full use of Texas’s fascinating countryside, the Estates, Towers and also Mansions brand properties are all close to midtown Dallas, giving the very best of both city and rural life. Developed with the thought of supplying easy comfort, the Estates 3Eighty in Aubrey contains its own park, walking path and also pet-friendly, off-leash pet run. All the one- to four- bedroom homes have exterior living spaces and also secure parking. Residents delight in access to a resort-style pool, advanced gym as well as exclusive instructor. For the ultimate ease, there’s even a Starbucks café located on the residential property.
The U.S. Environmental Protection Agency started a voluntary labeling program called ENERGY STAR which helps save the environment and saves your money at the same time. Marcus Hiles supports this initiative and suggests that everyone should buy appliances with ENERGY STAR’s label on them. This way you save money while using products and appliances which keep the environment safe as well. Almost half of your energy bill will be saved if you use only ENERGY STAR labeled products instead of regular ten year old appliances. More on this topic here: http://markets.ask.com/ask/news/read/32321845
Marcus Hiles believes that every child has a right to be educated regardless of their financial status or level of privilege. His deep commitment to education gave him an idea to locate properties developed by Western Rim near schools, which would ensure access to education for both children and their parents. Having recognized the unmet demand for affordable luxury homes appointed with state-of-the-art amenities, Hiles launched Western Rim Properties in 1990. Today, his companies manage and own over 15,000 upmarket residential rental town homes and apartments. More on: http://media.mwnewsroom.com/Dallas-Morning-News/-2057891
The Grand Estates in the Forest, situated north of Houston in Conroe, epitomizes the crème de la crème in rental living, with lush green spaces that adjoin the W.G. Jones State Forest, nearby golf courses, and verdant parks. “Residents appreciate the availability of a gourmet summer kitchen featuring farm fresh produce, as well as an expert personal trainer available to guide them to fitness,” states Marcus Hiles. Nearby in Magnolia, The Estates Woodland offers tenants lavishly appointed apartments with oversized covered balconies and spacious walk-in pantries. Families enjoy the vast on-site central park and children’s activity area, while other residents appreciate the extensive network of trails for jogging or walking. San Antonio’s The Estates at Briggs Ranch attracts community members with a keen attention to detail, as apartments feature pendant lighting, crown molding, and garden tubs. Offering golf privileges and breathtaking golf course views, Briggs Ranch is also appealing to golfers of all skill levels.
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.”
Because of a wide range of changing economic factors, mortgage figures have increased roughly half a percentage point to their 16-month high. According to New York Times contributors Patricia Cohen and Conor Dougherty, ”adding hundreds, sometimes thousands, of dollars to a home buyer’s yearly payments.” The went on to say that “The speed and size of the increase took many lenders and borrowers by surprise, and the increase is expected to reverberate across the housing industry, particularly if rates continue to rise next year.” Marcus Hiles encourages renting instead of undertaking the rising costs of purchasing a home, as such high rates can make it challenging for prospective buyers to afford the monthly payment and stay within their budget. Added expenditures caused by any necessary repairs, maintenance, or renovations will further stretch one’s finances. While the overall cost of an annual lease agreement may be slightly more expensive than a given year’s average mortgage payments, the overall financial burden is much easier to bear when renting, according to the U.S. Bureau of Labor Statistics.