“He that blows the coals in quarrels that he has nothing
to do with, has no right to complain if the sparks fly in
his face.”-Benjamin Franklin
OWNERS NEWSLETTER – MARCH 2019
$30 MILLION PLANT OPENS – In August 2017, shortly after U.S. Highway 190 was designated as Interstate 14, MGC Pure Chemicals America decided to make Killeen home to its $30 million chemical plant after considering locations in San Antonio, Bryan-College Station, and Louisiana. Located in the Killeen Business Park, the plant just celebrated its grand opening and will soon begin production of super pure hydrogen peroxide for use in the semi-conductor industry.
HOMEOWNERSHIP – According to a recent Bankrate homebuyers survey, 79% of the consumers surveyed believe that owning a home is vital component to achieving the American Dream. The respondents placed homeownership ahead of retirement (68%), a successful career (63%), and owning an automobile (58%).
SECOND HOMES – In a recent mortgage data analysis, financial web site Smart Asset looked at mortgage data from 402 U.S. housing markets and found that Killeen ranked 31 overall for second home mortgages. Many of the markets listed in the ranking were vacation and retirement destinations like Ocean City, Panama City, Florida, and Myrtle Beach, South Carolina. Killeen has a robust market for real estate investors. Additionally, many military families keep the home they purchased in Killeen as an investment and buy another home at their new duty station.
RENTAL MARKET – Demand for rental housing has been the highest we’ve experienced in over 33 years and doesn’t show any signs of slowing. We are maintaining almost 100% occupancy in all categories and with the small supply of available homes and apartments, rents have been on the increase for most properties as they become available or as renters renew their leases.
A/C CHECKS AND SERVICING – We have started our annual servicing of air conditioning units for those owners that have requested this preventative maintenance. The service includes checking the wiring, housing, and fan relay of the inside unit. The fan motor, housing, blower wheels, air filter, thermostat, plenum, attic ducts, evaporator coils, and drain lines are also checked. The outside unit coils, wiring, fan motor, blades, Freon level, and pressure are checked as well. The cost of this service is $65.00 plus tax and does not include parts should a repair be necessary. If you wish to have your property added to our list, please e-mail our maintenance department at repairs@HunterRentals.com