Marcus Hiles Offers Advice on Property Development

(Newswire.net — September 22, 2016) Dallas, TX –Dallas, Texas, a city which seems to not share any other close similarities with Los Angeles and New York apart from being in the country’s top ten largest cities, actually has one huge thing in common with these two large cities. According to real estate entrepreneur Marcus Hiles Dallas Morning News, “When you dig a little deeper, it turns out that all three locales have more renters than homeowners.” This makes a lot of sense, seeing as renting a home is becoming more popular now as more Americans are choosing to move away from the home ownership trend. In Dallas alone, around 55.9% of households are living in rental housing. Due to this popular trend, renters are expected to go up by at least 500,000 every year until 2023.

There are multiple reasons behind the increasing popularity of tenancy. Rental lifestyle is typically more cost-efficient than homeownership, as housing expenditures of homeowners tend to considerably exceed that of renters. While it is true that renters may pay higher house payments annually, homeowners actually spend more money on their homes due to higher utility payments as well as maintenance and repair costs. Furthermore, more Americans are starting to prefer moving from place to place to explore different opportunities, especially employment opportunities.

As a real estate developer that is dedicated to serving the community, Marcus recommends renters to seek out communities with hotel amenities so they can get the best value for their money. “There’s no need to feel suffocated in a boxy apartment complex when you can thrive in surroundings that reflect the lifestyle you envision,” Marcus states. He is urging renters to focus on facilities and services that will better suit their lifestyle and interests. “Families with children should find developments located in superior school districts, and that provide on-property parks, playgrounds, and activity areas,” he adds.

Marcus also urges animal owners to find properties that provide convenient waste stations, nearby pet-sitting services, a private off-lease dog park, and groomers and veterinarians so pets can also enjoy a healthy lifestyle. Fitness enthusiasts, on the other hand, should seek properties that offer fitness centers with personal trailers, jogging trailers and other fitness facilities and services.

Marcus is able to offer useful advice thanks to his vast experience in building and developing properties centered on luxury living. “When renters choose to live in communities that align with their lifestyles, they achieve a greater work-life balance,” he says.