Many people dream of buying their ideal retirement home after their career has come to a conclusion – with all that extra free time it seems like it’d be the most logical time to shop around.
However, many real estate professionals strongly recommend that their clients find a retirement property before they’re off the payroll. While it may seem like a big time commitment to find a new home while you’re still busy with your work there are several significant financial benefits to purchasing your retirement home before you actually do retire. Here are our top reasons why.
It Makes Your Mortgage Easy
When you are employed it is easier to get approved for a mortgage. If you wait until after you retire to buy your retirement home, you may not have the income require to qualify for the mortgage that you need. Don’t limit yourself! Buy while you’re still employed to keep your options open.
It Leaves You With More Spending Money
Buying a new home while you have an income provides you with more security with your expenses, such as mortgage payments and planned upgrades or renovations. Having an income can also mitigate financial stress should you run into any unexpected expenses after closing.
It Leaves You Ready For Reality
You may think you can accurately predict the expenses of your new home, but if you buy the property before retiring it gives you time to get to know the true amounts of your monthly payments. This can help ensure that you have enough saved to retire and live comfortably in your new property, with no surprises for your budget. You’ll be in a better position to create a financial plan once you know the reality of owning your new home.
An Added Bonus: It Can Be An Income Property
If you decide to purchase your retirement home before you retire you don’t have to move into it right away. You can rent it out as an income property until you’re ready to settle in, which will not only help cover mortgage payments but will also allow you to see first-hand what the monthly expenses are for the property.
This will also prevent you from having to deal with a move while working; you can wait until you do finally retire before packing up your current home and moving into your new one.
Ready to find the perfect retirement property? Contact me today for more advice to set yourself up for the future – J.P. Cook – 602-320-4253.
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21242 N 80th Way
Scottsdale, AZ 85255
$1,550,000
3
Beds
3.5
Baths
2,532
SqFt
Status
Active
MLS #
6773622
Property Type
Single Family Residence
Price Type
--
This breathtaking home in the highly desirable community of Grayhawk Raptor is nestled nicely at the end of a cul de sac and central in the neighborhood. Within close proximity to all your recreational and highly rated restaurants, this home boasts of extensive stone work all throughout. Take in the serenity of the calming desert gardens all throughout the home and enjoy the brand new hot tub surrounded by it all! Make it all yours!
3010 E Sierra Vista Drive
Phoenix, AZ 85016
$1,550,000
3
Beds
3.5
Baths
2,450
SqFt
Status
Active
MLS #
6784813
Property Type
Single Family Residence
Price Type
--
Opening the front door reveals a huge airy living room & fireplace, a high open ceiling & picturesque views beyond the patio majestically framing PIESTEWA PEAK just beyond the formal living room opening to private patio & pool. Spacious primary bedroom suite enjoys the view & walk out to the covered patio & yard, Primary Spa styled twin vanities, large walk-in closet & natural lighting. Sky Light & a glass brick wall illuminate the kitchen w a gourmet GAS cooktop close to formal dining with desert views opposite a Breakfast room & counter along a lovely garden atrium. Two upstairs bedrooms each ensuite with walk-in closets. Total 3 bedrooms, 3 full baths plus a powder room. Approximately 2,450 square feet. Recent New Roof & HVAC System installation & more w pride of ownership CLICK MORE 2 new GAS FURNACES & 2 new A/C units installed in 2021 NEW ROOF installed 2020 - 10-year warranty to 2030. NEW Front Door, 2021 New Interior & Exterior Paint, 2020 New Ceiling Fans, New Hot Water Heater, New Refridgerator 2022 NEW PELLA Doors & Windows on level 1 in 2023 New Carpeting 2022
20488 N 95th Place
Scottsdale, AZ 85255
$1,550,000
4
Beds
2.5
Baths
2,501
SqFt
Status
Active
MLS #
6784673
Property Type
Single Family Residence
Price Type
--
Upgraded luxury living in beautiful DC Ranch! This home has seen a total transformation with custom updates and high-level finishes throughout including a stunning open kitchen and oversized island with new cabinets, gas cooktop, countertops, appliances and great storage. New wood floors throughout, wet bar with beverage fridge and built-ins, washer/dryer, all plumbing fixtures, sinks, toilets and fresh paint on the interior and exterior. The landscaping was completely redesigned including new plants, pavers, lighting, pergola, artificial turf, built-in BBQ, gas fireplace with seating, and a Zen fountain with views of the McDowell Mountains. Both HVAC units and all windows have been replaced as well! This home truly is move-in ready, located in a gated community that is walking distance to the highly coveted Market Street for shopping, dining and entertainment, as well as around the corner from the new Desert Camp Community Center featuring an expanded fitness center, pool & spa, basketball, tennis & pickleball courts, walking paths & more!
12113 E Sahuaro Drive
Scottsdale, AZ 85259
$1,550,000
4
Beds
2.5
Baths
3,125
SqFt
Status
Active
MLS #
6786461
Property Type
Single Family Residence
Price Type
--
This custom Scottsdale home is situated on an expansive cul-de-sac lot with unobstructed mountain views, exceptional privacy, and a 3-car garage. Inside, 12-ft vaulted ceilings, a custom star-and-cross tile inlay, engineered wood floors, and a two-sided fireplace create a warm ambiance. The chef's kitchen is a showpiece with white-oak cabinetry, Calacatta Prado Quartz countertops, Z-line appliances, a pot filler, a stylish walk-in pantry, and a drink fridge. The luxurious primary suite offers tray ceilings, a cozy built-in fireplace, and a serene private seating area. Additional highlights include a chic powder bath, an expanded laundry room with oak cabinetry, and a versatile drop station. The backyard is an entertainer's dream, featuring a sparkling pool, artificial turf, lush desert landscaping, a mature shade tree, and a built-in BBQ. Conveniently close to top-ranked schools and hiking trails!
28640 N 76th Street
Scottsdale, AZ 85266
$1,550,000
4
Beds
3
Baths
3,362
SqFt
Status
Active Under Contract
MLS #
6775775
Property Type
Single Family Residence
Price Type
--
Nestled in the heart of North Scottsdale, this expansive 2.5-acre estate offers the perfect blend of luxury, space, and potential for customization. Set against a backdrop of the stunning desert landscape, the territorial-style home showcases the timeless beauty of Saltillo tile floors, bringing warmth and character to every room. With 4 spacious bedrooms and a charming courtyard entry, this home welcomes you with a serene ambiance and elegant design. Ample space surrounds the property, making it ideal for the discerning buyer looking to create a custom equestrian setup, build additional garages, or add sport courts to enhance the estate's recreational offerings. The centerpiece of the backyard is a large, sparkling pool, complete with a slide and diving board, perfect for family fun and entertaining. For those seeking panoramic views of Scottsdale's breathtaking sunsets, the rooftop deck offers an unbeatable vantage point.
20612 W Colter Street
Buckeye, AZ 85396
$1,550,000
3
Beds
3.5
Baths
3,383
SqFt
Status
Active
MLS #
6775381
Property Type
Single Family Residence
Price Type
--
Welcome to a luxurious David Weekley masterpiece in the exclusive Victory at Verrado, a 55+ community that combines resort-style amenities with serene, golf course living. This 3,383 SF Spanish-style home sits on a prime lot with mountain, golf course, and city light views. With a highly sought-after Fruition floorplan, it offers 3 bedrooms, 3.5 baths, and is loaded with custom upgrades that make it as functional as it is beautiful. The home's curb appeal is undeniable, with a charming Spanish-inspired exterior and low-maintenance, meticulously landscaped front yard. As you approach, a grand walkway leads to the entry, setting the stage for what lies within. Step inside and you're immediately struck by the openness of the floorplan and the abundance of natural light streaming through expansive windows and a unique interior/exterior courtyard. This open-concept layout and the seamless flow from the grand entry into the main living space create a welcoming atmosphere for relaxation and entertainment. As you round the corner into the shared living areas, you're greeted by sweeping golf course views. The living room is anchored by an upgraded fireplace and opens to a chef's kitchen equipped with top-of-the-line Thermador appliances, including an oversized refrigerator with a wine door attachmenta thoughtful touch for those who love to entertain. The kitchen counters are elegant Quartz, and the island countertop features a stunning stone finish, adding to the space's modern yet inviting design. Thoughtfully placed under-cabinet and island lighting add to the kitchen's cozy ambiance, perfect for evening gatherings. A spacious walk-in pantry completes the kitchen, providing ample storage for those who thrive in the culinary arts. The dining area, positioned just off the kitchen, is perfect for hosting and offers more stunning views that make each meal a memorable occasion. The split floorplan ensures privacy, with a primary suite that feels like its own retreat. The master bedroom features plush carpet flooring and a luxurious ensuite bath, complete with Quartz counters and beautifully tiled finishes. The walk-in closet connects conveniently to the laundry room, an incredibly practical and elegant feature. Additionally, a versatile den/office boasts a built-in real wood library with dual desks and custom lighting, making it an ideal space for work or relaxation. An unexpected bonus awaits in the garage, which features a 2-car tandem setup, comfortably fitting up to 3 vehicles. Throughout the home, wood flooring extends through the main living areas, enhancing the warm and timeless appeal, while tile graces the bathrooms for both style and practicality. The backyard is an entertainer's paradise and a peaceful retreat, designed to make the most of Arizona's breathtaking landscape. Enjoy a private pool with water features, string lights for evening ambiance, and multiple outdoor seating areas, including a cozy firepit lounge. This outdoor space offers unobstructed views of the golf course, mountains, and the city lights of downtown Phoenixa backdrop that transforms each sunset into an event. Resort-style amenities in Victory at Verrado include access to state-of-the-art fitness facilities, pools, and the renowned Victory Golf Course. This home's combination of high-end finishes, stunning design, and an unbeatable location makes it truly one-of-a-kind. Don't miss the opportunity to experience this exceptional property!
3354 E Jaeger Circle
Mesa, AZ 85213
$1,550,000
6
Beds
4.5
Baths
5,420
SqFt
Status
Active
MLS #
6778272
Property Type
Single Family Residence
Price Type
--
Nestled in the desirable, gated community of Arboleda, this beautifully updated semi-custom home is set along charming, citrus-lined streets. Thoughtfully designed with custom molding throughout, this spacious home showcases a gourmet kitchen featuring a GE Café double oven and newer appliances, perfect for hosting gatherings. The home offers a versatile layout ideal for families, with six generously sized bedrooms, including a grand master suite, and a game room for endless entertainment. Enjoy real wood flooring and tile throughout, with a bonus flex space off one bedroom and a split floor plan offering privacy for the master suite and office. The family room boasts a custom fireplace and built-in bookcase, adding warmth and character. Step outside to two covered patios overlooking .... a large pebble-tech pool and a backyard filled with mature citrus trees, including Arizona Sweets, navel oranges, and lemons. The 4-car garage, complete with storage cabinets and attic space, completes this home's unique appeal.
22770 Fox Ranch Road
Munds Park, AZ 86017
$1,550,000
3
Beds
2.5
Baths
2,416
SqFt
Status
Active
MLS #
6662555
Property Type
Single Family Residence
Price Type
--
All reasonable offers considered! Act fast to secure with built in equity since its listed below 3 appraisals! Open to investor offers! Flexible Financing Available Seller willing to carry with sizeable down and Interest rates tailored to fit your needs. Peace & Quiet on 11+ Acres Perfect for Short Term Rental, running a business, hobby farm, or simply embracing tranquility. Price Lowered - Owner Extremely Motivated! Over 300k in Equity immediately! ACT NOW NO HOA, 11.98 Acres Bordering the majestic Coconino National Forest, this property offers a rare opportunity to live in harmony with nature while enjoying Munds Park amenities just a stone's throw away. -Custom Home Features Stainless appliances, wood stove, entertainers bar, spacious bedrooms, large mudroom, and more! Available fully furnished! -Peace of Mind Amenities Equipped with Briggs & Stratton generator, septic system, and shared well for continuous comfort. -Equestrian Paradise Full arena, round pen, cross-fenced areas, shelters, and out-buildings provide everything you need to care for your horses. A haven for both horse and rider! -Four-Season Comfort Mild climate ensures year-round enjoyment of your outdoor pursuits. Don't miss out on this once-in-a-lifetime opportunity to own your slice
9602 E Allison Way
Scottsdale, AZ 85262
$1,550,000
5
Beds
4
Baths
4,004
SqFt
Status
Active
MLS #
6695491
Property Type
Single Family Residence
Price Type
--
Price Improvement! New roof underlayment & newly resurfaced pool. Welcome to this cul-de-sac home in the gated community of Mirabel Village! Experience this stunning property with a short film (not a photo slideshow - 2nd image click play) showcasing the elegant interior and resort-like grounds. After, further explore this impressive home with a full interior 3D walk-through. Tour this home at your own pace. 1.2 acres featuring a heated pool, spa, fire pit and BBQ pergola. Expansive private courtyard with fireplace and access to attached casita. Iron entry door opens to a foyer and formal living room with fireplace. The main home features 4 bedrooms, 3 full bathrooms, a total of 3 interior fireplaces, stacked stone accent walls, window shutters, soaring ceilings and built ins throughout.
37202 Ne Greythorn Circle
Carefree, AZ 85377
$1,550,000
3
Beds
3.5
Baths
3,088
SqFt
Status
Active
MLS #
6732284
Property Type
Single Family Residence
Price Type
--
This nearly new Catalonia model by Toll features a fantastic great room split floor plan w/great Black Mountain views in gated Reserve at Tranquil Trail. 3 ensuite bedrooms, 3.5 baths, an office, & a bonus room plus a 3 car garage all on one level w/a gorgeous pool/spa & gazebo. Upgrades throughout including courtyard entry w/travertine pavers & modern water feature, huge great room w/sliding pocket door, gas fireplace, wood-look tile floors, dark wood cabinets, granite counters, glass tile backsplash, SS appliances, custom lighting, clerestory windows, plantation shutters, & ceiling fans. Large primary bedroom w/lavish bath featuring dual sinks, floating tub, tiled shower surrounds w/dual shower heads, & walk-in closet w/organizers. Great secondary en suite bedrooms and bonus room in
10914 E Cinder Cone Trail
Scottsdale, AZ 85262
$1,550,000
3
Beds
2.5
Baths
3,900
SqFt
Status
Active
MLS #
6758237
Property Type
Single Family Residence
Price Type
--
Luxury home in Candlewood Estates at Troon North * Open, 3 bedroom plus office and bonus room, game room, formal dining room and living room with zero interior steps * Private north/south exposure lot with mountain and sunset views * Resort-style outdoor living with a pool, covered dining patio, built-in BBQ and gas fireplace * A 3-car garage completes the residence *
8170 E Golden Spur Lane
Carefree, AZ 85377
$1,550,000
4
Beds
4.5
Baths
3,809
SqFt
Status
Active
MLS #
6764276
Property Type
Single Family Residence
Price Type
--
Amazing Custom Home with detached casita (footage calculated in total). Nestled between gorgeous mountain vistas and natural wash valleys on 2.6 acres of land. Grande porte cochere towers over the private drive entry with gorgeous double wrought iron entry doors. Home opens to a 2-story foyer with gorgeous vistas and natural lighting overlooking pool/spa. Natural stone floors, marble & granite accents and tops, other pillar accents throughout. Newly refinished cabinetry adds a modern touch to an otherwise elegant space. 2-story patio shadows a large exterior entertaining zone flanked by a gorgeous pebble tech pool/spa and detached pool/guest house. This home truly is a desert gem!