As the temperatures go up in summers, notable Texas real estate developer Marcus Hiles suggests four tips to tenants and homeseekers to reduce their energy bills. As Chairman and CEO of Western Rim Property Services, Hiles follows his own practical guidance, utilizing all these tricks in every home he develops. To start with, he recommends windows with a solar heat gain coefficient of 0.22 to 0.24, just as the Cascade Low E Argon Gas Win Pro Series. With heat transfer, old windows from the 1980s lose up to 100 times higher energy as compared to a fully insulated solid wall. While older casements, transoms, and sliders are good to look at, having the newest windows and frames prevent air and energy leaks, cutting your heat loss by 75%, Hiles highlights.
Renting instead of purchasing a home has become the goal for more and more people, and this is increasing the demand for homes. Many people are beginning to look at apartments as solutions to their long-term housing needs rather than as a temporary stepping stone. Roughly 14 percent of all residents living in Texas currently rent, and the National Multi-Housing Council expects to see that number grow. Larger cities already see higher numbers, with Houston reporting nearly 41 percent of residents currently rent their dwelling. Marcus Hiles thinks the American dream is now leaning towards renting apartments instead of owning homes, and his goal is to create the best apartments in the best locations to meet the demand.
Based on U.S. Census Bureau data, rental search website RENTCafé conducted an analysis of the 100 largest cities in the nation, pitting median incomes and rent figures to list the most affordable U.S. cities for renting. According to the results, three cities in north Texas – Plano, Irving, and Garland – placed in the top 15 most affordable for renters, with tenants keeping on average as much as $43,000 after all living expenses. Dallas and El Paso, followed closely by Austin and San Antonio, provide income to rental price statistics that are impressive as well. Marcus Hiles, citing ATTOM Data Solutions’ 2017 Rental Affordability Report, concluded that in Dallas/Fort Worth, renting is consistently more cost effective than buying a house, a trend that looks to continue this year as mortgage rates and market prices continue to rise. Additional Texas cities ranking in the top 50 were Houston, Corpus Christi, and Fort Worth, where residents spending slightly over 30 percent of their income each month on rent.
Marcus Hiles is the CEO and the best predictor of market trends at Western Rim Property Services. He is well known for offering Texas residents and real estate seekers luxurious properties for affordable prices. Throughout 2016, mortgage rates have only gone up and that trend affected different Texas areas including Dallas-Fort Worth area which had the third highest rise in the US. However, this turn of events hasn’t stopped Marcus Hiles on his mission and he believes that his company will continue helping real estate seekers to find what they’re looking for. Read more on: http://finance.yahoo.com/news/marcus-hiles-home-mortgage-payments-023200676.html