As summers begin, celebrated Texas real estate developer Marcus Hiles gives four smart tricks to tenants and home seekers to decrease their energy bills. Hiles, Chairman and CEO of Western Rim Property Services, follows these energy saving techniques. First, he suggests utilizing windows with a solar heat gain coefficient of 0.22 to 0.24, such as the Cascade Low E Argon Gas Win Pro Series. Old windows from the 1980s lose up to 100 times more energy when compared to a fully insulated solid wall as heat begins to transfer. While older casements, transoms, and sliders are striking, having contemporary windows and frames prevent air as well as energy leaks, cutting your heat loss by 75%, says Hiles.
An increased demand for rental space instead of homes to buy has also lead to an increased need for high-quality homes. Marcus Hiles has made it his company’s goal to provide these homes in the best possible locations around Texas. He believes that the American dream has become renting an apartment instead of owning a home. The numbers back that belief up. Around 14 percent of Texans rent their home, with much higher percentages in the larger cities like San Antonio, Austin and Houston.
Hiles indicated that a common factor among the cities to make the list was the presence of major employers in rapidly growing sectors like technology and healthcare and a higher than average young adult population. For example, in a new study from personal finance website NerdWallet, Austin, TX was rated as the best metro in the country for high paying jobs and affordability. Here, the thousands of jobs provided by Dell, Apple and IBM combined with an eclectic nightlife and live music scene have caused young professionals from around the country to flock to Austin, and they are seeking rentals at reasonable rates. “Affordability is a key part of why millenials are deciding to move to the Midwest, as opposed to job centers on the East or West coast,” Realtor.com Chief Economist Jonathan Smoke told Construction Dive in November. “There is a huge disparity in how many dollars are needed to get a home in Des Moines versus San Francisco”.
The real estate market in the United States was hit by a small but consistent increase in mortgage rates during 2016 and that turn of events has influenced market trends and pricing throughout the country. One of the highest increases in house pricing was in the Dallas-Fort Worth area. This area had a house pricing increase of 12 percent which was the third highest increase in the US. Marcus Hiles states that there’s no room for panic because these trends won’t influence Western Rim Property Services offer. More about it can be found here http://markets.financialcontent.com/startribune/news/read/33692967/Marcus_Hiles_