Everything is bigger in Texas, and the market for upscale renting is no exception. Marcus Hiles, Chairman and Founder of Western Rim Property Services, explains that virtually all new rental developments in the Lone Star State are upmarket, allowing unprecedented opportunities for tenants to pursue luxurious living. “An increasing number of singles, families, empty nesters, and retirees are finding contentment through renting,” he stated. “Across the U.S. the number of renters is anticipated to grow by a half million each year through 2023.”
For over thirty years Marcus Hiles has been developing stunning luxury communities across Texas. His unique vision of luxury and knowledge of the latest trends and architectural designs have allowed for great success. By accepting sweeping changes and adapting to an ever-changing consumer base, Hiles is able to create groundbreaking homes and meaningful communities.
Having the gross domestic product (GDP) of USD 1,414 trillion, Texas can be a true role model for many countries across the globe. If it were a sovereign nation, it would be the world’s twelfth largest economy, by GDP. Dallas-based property investor and real estate developer Marcus Hiles ascribes the Lone Star state’s impressive economic portfolio to its continuous commitment to pursuing policies and strategies to reduce government regulation and loosen spending, as he urges other states to apply Texas’s admirable practices within the context of their own economy. “Over the course of past decade, the government has built a highly advantageous framework for both businesses and individuals to succeed in Texas. “We do not have any corporate tax that would scare large business entities,” says Hiles, “and we do not tax individual income, either.”Hiles reiterates that the Texas Legislature continually cuts spending growth each time during its regular sessions.
Marcus Hiles’ advice for renters comes from his expertise in 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 says. That equilibrium is particularly important given that a third of apartment tenants are between the ages of 30 and 44 – the prime of their careers – and an additional 30 percent are between 45 and 64 years old. Hiles’ ability to craft apartments that showcase resort-like amenities while maintaining an reasonable commute distance ensures that Dallas residents will continue to trend toward renting over home ownership.
Renowned Texas real estate developer Marcus Hiles notes four simple hacks to help apartment and home hunters to dramatically lower their energy bills as summer heats up. Hiles employs each of these tips in every apartment and home he builds as Chairman and CEO of Western Rim Property Services. First, Hiles says homeowners should install windows with a solar heat gain coefficient of 0.22 to 0.24, for example, the Cascade Low E Argon Gas Win Pro Series. Because of heat transfer, old windows from the 1980s lose up to 100 times more energy than a fully insulated solid wall. “While older casements, transoms, and sliders are beautiful, having the newest windows and frames prevents air and energy leakage, cutting your heat loss by 75 percent,” Hiles points out.