Marcus Hiles explains that architectural trends have extended to create heated outdoor living areas with low maintenance yet luxurious design. Ecologically friendly options, such as rainwater harvesting and permeable pavements, are becoming leading trends. A rooftop collection system stores moisture in the air in a well to be treated and repurposed on site, while graywater uses domestic wastewater to be used in bathrooms and other non-drinking purpose.
Among the areas where renting is already more cost effective than owning are the greater Houston and Dallas/Fort Worth metropolitan areas. With millenials facing immense student loan debt and housing prices in North Texas rising by 50 percent in the last five years, companies likes Hiles’ Western Rim Property Services that offer affordable luxury housing accompanied by premium amenities are experiencing more demand than ever. “As discretionary income falls, renting becomes markedly more economically efficient than buying a house. Apartments offer additional financial freedom and consume far less space,” explains Marcus Hiles. “The idea that owning your own home is the American dream is being turned inside out; since the housing bust in 2008, the renter population has swelled to 43 million households.” Across the Lone Star State, young professionals are opting for a greater quality of life, seeking out Western Rim’s communities for their convenient, scenic locations, premier school districts, state of the art amenities, and comprehensive lifestyle services.
As noted by Forbes in January, as of late 2016, Millennials, or persons roughly between the ages of 18 and 34 as of 2015, have surpassed Baby Boomers as the nation’s largest generation cohort. Often projected to prefer city living for decades to come, rejecting the features of suburbia that greatly appealed to their parents, Fort Worth property expert Marcus Hiles notes mounting evidence that the majority of millennials will become suburbanites as they get older, much like the generation before them. However, Hiles maintains that millennials will continue to revitalize communities across the country and permanently reshape the patterns of American life.
Marcus Hiles gave a few useful information on factors which will influence the price of your rent. The landlord’s goal is to keep a steady flow of profit and renegotiating his terms may influence his profit a bit but if you put up a good case, he may lower the rental price. Signing a lease or dedicating yourself to the unit for a couple of years will certainly reduce the price of the rent. You should grab every opportunity you have to reduce the rental price but make sure you don’t do it blatantly. More information about it can be found here:
DALLAS, TX- “Over the past decade, our leaders have created an environment for businesses and residents to thrive,” says Texas real estate investor and developer Marcus Hiles, who credits the success to reduced government oversight and spending. “We have no corporate or personal income tax, and during each session, the Legislature curbs spending growth.” The course of action has been successful enough that if Texas were an independent nation, it would have the twelfth largest gross domestic product (GDP) in the world. Hiles says that other states can see similar economic growth by following in Texas’ footsteps.
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