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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12183 E Sand Hills Road
Scottsdale, AZ 85255
$4,000,000
5
Beds
5.5
Baths
5,022
SqFt
Status
Active
MLS #
6764790
Property Type
Single Family Residence
Price Type
--
Fabulous home on 2 plus acres showcased by a stunning backdrop of natural landscape and large boulders. This home has 5 en-suite bedrooms and a bookcase lined office.The Casita has everything needed for an in-law setup, rental or just family and guests. The pool has a lagoon like setting with a breathtaking waterfall and hot tub spillway. Solar was installed in 2022. Don't be surprised to receive a check from APS at the end of the year. There is a 5 car garage, workshop and fully paved driveway. One has a sense of serenity just pulling up to this special home.
7745 N Tatum Boulevard
Paradise Valley, AZ 85253
$4,000,000
5
Beds
4.5
Baths
5,322
SqFt
Status
Active
MLS #
6760938
Property Type
Single Family Residence
Price Type
--
This Home was just finished and now job transfer forces owners to sell there newly built dream home in Arizona's most prestigious area. Sitting In the heart of Paradise Valley you will find this Old Tucson Style Slump Block Home but inside is modern contemporary with lots of glass and high ceilings. Folding glass doors open to bring the natural stunning views from the backyard patio of Mummy Mountain to the east and Phoenix mountain preserves from the front patio. The split master bedroom floorplan provides privacy for the entire family and guests The floor to ceiling chilled glass wine cellar adds to the elegancy displaying over 250 bottles of your private collection. Huge covered rear patio has built-in heaters. Private guest quarters upstairs with viewing deck. Convenient N/S garages DRASTIC reduction 1.5 million from original list price of 5.5M
7360 E Sweetwater Avenue
Scottsdale, AZ 85260
$3,999,999
6
Beds
4.5
Baths
5,454
SqFt
Status
Active
MLS #
6754191
Property Type
Single Family Residence
Price Type
--
Experience the epitome of luxury in this brand-new construction located in gorgeous Scottsdale Arizona, with the added benefit of NO HOA. This exceptional property boasts an array of unique features, including two kitchens, two mudrooms, two laundry rooms (one with a pet shower), and a 6th bedroom with a private entrance. The thoughtfully designed split floor plan places the primary suite in the west wing, offering a spacious walk-in closet, an oversized shower, and a private patio. The east wing houses the second kitchen and an additional family room, perfect for extended family or guests. The custom kitchen is a chef's dream, featuring quartzite countertops, birch cabinets, top-of-the-line Wolf and Sub-Zero appliances, and a walk-in pantry with a separate sink and dishwasher. The home is adorned with European oak hardwood plank flooring throughout, providing warmth and elegance. Beautifully designed by Kevin Robert Interiors, the home is architecturally stunning with a glass-encased wine rack, multiple ensuite bathrooms, and several covered outdoor spaces. The new outdoor kitchen is perfect for entertaining, and the oversized north-facing backyard includes a brand-new pebble-tec pool and a Pickleball/Basketball court for recreation. This property is a rare find, combining luxury, functionality, and style in one of Scottsdale's most desirable locations.
8436 E Sahuaro Drive
Scottsdale, AZ 85260
$3,999,999
4
Beds
3.5
Baths
4,721
SqFt
Status
Active
MLS #
6778929
Property Type
Single Family Residence
Price Type
--
Discover ultimate luxury in this fully rebuilt 4,721 sq ft home in Scottsdale's Cactus Corridor. Reimagined under the architectural expertise of NewWest Design Studio, with interior design by Weaver Interiors, every inch of this property has been transformed with sophistication and style. Featuring 4 bedrooms, 3.5 baths, and high-end designer finishes throughout, this home exudes elegance. The gourmet kitchen includes a full suite of Thermador appliances, including a 36-inch fridge and freezer. Massive Western sliding glass doors open to a new pool and expansive backyard on nearly an acre, with room to build an oversized garage and a 2-bedroom casita. Architectural drawings for the garage and casita are complete, and the builder is ready to start construction immediately.
11108 E Mariola Way
Scottsdale, AZ 85262
$3,999,977
4
Beds
4.5
Baths
7,277
SqFt
Status
Active
MLS #
6662532
Property Type
Single Family Residence
Price Type
--
A rare, immediate golf membership is available with purchase. Ask for details! This is a hillside gem capturing awe-inspiring panoramic mountain views from every corner! This home was made to entertain the largest of gatherings, yet cozy enough for the smallest. Top of the line when built in 2004. Built into the mountain. Hardly lived in. CMU build. Great bones. Needs some updating and you've just added to the equity. Multi generational for those who don't mind the shallow steps. 4 separate guest suites, including the 950 sf upper deck casita. 3 car garage, 7+ additional parking spots. Well designed motor court. Purchase the lot in front and build another home or tie it to this lot for an acre of expanded yard. For undisturbed views, pets, kids, parties or whatever your heart desires.
10728 E Cottontail Lane
Scottsdale, AZ 85255
$3,999,800
4
Beds
4.5
Baths
5,511
SqFt
Status
Active
MLS #
6704872
Property Type
Single Family Residence
Price Type
--
This timeless styled Spanish Colonial home rests in guard gated Windy Walk Estates of Troon. It's North - South exposure captures views of Pinnacle Peak, Troon Mountain and city lights. The luxurious home is all on one level except for a large 875/sf 2nd level game/office/bedroom with its own fireplace, full bath and balcony overlooking city light views. You enter the main home through a hand forged iron gate into a charming front courtyard with bubbly fountain. The iron front door opens to the formal living and dining areas with rough sawn beams, stone floors, Venetian plastered walls and a cantera stone fireplace. Just down the hall is an intimate home theater. The large family room includes a corner fireplace, walk-up wet bar with ice maker, dishwasher, Sub-Zero wine and beverage ..... cooler plus room for a pool table. It opens to a center island kitchen with Wolf and Sub-Zero appliances and breakfast room. The Arcadia doors from the breakfast room lead to an outdoor patio with fireplace, BBQ and pizza oven all overlooking views of the boulder filled Troon Mountain. The kitchen conveniently opens to the 4 car garage and includes a key drop and very large walk-in pantry. The charming Primary suite includes a fireplace and a marble floored bath and a large closet that opens to the laundry room. The living room, family room and Primary suite are lined with Arcadia doors opening to arched covered patio that overlook the sparkling pool, paver hardscape, lush landscaping and views of Pinnacle Peak. The home has been updated with Venetian plastered walls, white oak flooring, new garage doors and a Bull Frog spa. Two of the three HVAC systems have been replaced and the exterior has been newly painted. The home includes 4 interior and 1 exterior fireplaces.
W Kayenta Trail
Laveen, AZ 85339
$3,999,000
5
Beds
7
Baths
5,486
SqFt
Status
Active
MLS #
6779097
Property Type
Single Family Residence
Price Type
--
Sunset Coves Estates Luxury Living! Your opportunity to own a piece of Paradise in one of the most luxurious, private, soon-to-be-gated neighborhoods in the west valley. The property has incredible views of South Mountain and Carver Mountain. Quick I10/202 freeway access. Sunset Cove Estates lives up to its name by providing the Phoenix Valley's most stunning sunrises as well as sunsets. Homes in this Luxury Community have at least 1 acre. South Mountain Park hiking/biking trails are a two-minute walk from your front door. The main house consists of approximately 4,814 sqft with 4 car garage. 672 sqft Casita with its own garage. Main house has 4 bedrooms, each with their own bathroom. Outdoor patio will consist of over 1,300 sqft. This custom home will be complete in 2025
3800 S Clubhouse Drive Unit 5
Chandler, AZ 85248
$3,999,000
5
Beds
6.5
Baths
9,668
SqFt
Status
Active
MLS #
6711422
Property Type
Single Family Residence
Price Type
--
This exquisite lake front custom home resides in the exclusive gated subdivision of Crown Point, a private community with only 11 lots. It provides easy access to the Ocotillo Golf Club, a premiere golf destination in Chandler, Arizona. This Spanish/Mediterranean home has 5 bedrooms and 6 1/2 bathrooms. There are 3 bedrooms on the main floor, 2 being ENORMOUS full master suites, each on opposite ends of the home. There are 8760 sq ft of living space, plus 1156 sq ft in attached casita. The casita has a separate entrance, with bar and bathroom with easy access from the pool and patio. The kitchen has new appliances. 4 Viking convection ovens, 8 burner Viking stove, 36 inch Viking refrigerator, 36 inch Viking freezer, and 2 dishwashers and ice maker. Two islands in the kitchen make entertaining effortless. The under the staircase wine cellar is amazing, with stone clad walls and clay slots.Upper level includes 2 bedrooms, 2 bathrooms, game room/lounging area, bar with mini kitchen and fireplace. You can view the gorgeous Arizona sunsets from a private patio just outside.The negative edge pool was resurfaced and equipment replaced. There is also a spa and fire pit for your enjoyment. All the bathrooms were remodeled. The roof was just replaced at a cost or $300, 000.00, and four of the five AC units were recently replaced. All of this and more in this Magnificent Move In Ready Home!!
10071 E Aniko Drive
Scottsdale, AZ 85262
$3,997,000
3
Beds
3.5
Baths
4,475
SqFt
Status
Active
MLS #
6765790
Property Type
Single Family Residence
Price Type
--
Introducing a stunning new build set to complete in 2025, this desert modern home seamlessly blends contemporary design with the breathtaking natural landscape of Mirabel, Arizona. With a thoughtfully designed layout, the home features three spacious bedrooms, an inspiring office, and a dedicated game room, making it perfect for both relaxation and entertainment. Exterior: The striking facade showcases clean lines and a combination of natural stone, stucco, and expansive glass elements that invite the desert landscape indoors. The property is surrounded by low-maintenance native landscaping, enhancing its eco-friendly appeal while ensuring a harmonious connection with the environment. A spacious covered patio extends the living area outdoors, perfect for enjoying Arizona's stunning sunsets. Interior: As you step inside, you'll be greeted by an open-concept floor plan bathed in natural light. High ceilings and large windows create an airy atmosphere, while polished concrete floors and warm wooden accents add a touch of warmth. The gourmet kitchen features state-of-the-art appliances, sleek cabinetry, and a spacious island that flows into the dining and living areasideal for hosting gatherings. The master suite serves as a serene retreat, complete with a spa-like ensuite bathroom featuring dual vanities, a soaking tub, and a walk-in shower. Two additional bedrooms provide ample space for family or guests, each designed with comfort and style in mind. The versatile office space offers a quiet haven for productivity, while the game room is designed for fun and relaxation, complete with space for a pool table, gaming consoles, and lounge seating. Sustainability: This home is equipped with energy-efficient systems and smart home technology, ensuring a sustainable lifestyle without compromising on luxury. Whether you're seeking a year-round residence or a seasonal getaway, this desert modern home in Mirabel, Arizona, promises to be an exceptional living experience that celebrates the beauty of desert living. Don't miss your chance to own this exquisite piece of architecture!
7007 N 59th Place
Paradise Valley, AZ 85253
$3,997,000
4
Beds
4
Baths
4,327
SqFt
Status
Active Under Contract
MLS #
6752372
Property Type
Single Family Residence
Price Type
--
Few homes with this intimate head-to-tail view of Camelback Mountain become available for purchase in this highly desirable Paradise Valley neighborhood at the base of Mummy Mountain. 22' floor to ceiling windows fill the expansive Grande living room with natural light and offer mountain and downtown light views. Soaring tongue and groove ceiling and hardwood floors warm the space. Remodeled kitchen features Wolf and Subzero, European cabinetry, center island and custom lighting. The primary suite is a tranquil retreat -featuring a large stone fireplace which separates the bedroom from the spa master bath with a large vanity, soaking tub, and separate shower all surrounded by luxurious marble. This distinctive home offers privacy, tranquility in a premium location and setting. Home features the spa like primary suite, den or 4th bedroom, and a guest wing with 2 ensuite guest rooms both with direct access to patios. Entertain around the saltwater pool and spa, dine on the covered view deck while enjoying tranquil, balanced city light and mountain views. Three outdoor fireplaces, custom landscape, and lighting complete the perfect evening. Private, serene setting in one of PV's best locations featuring distinctive architectural detail and is move in ready! You will truly feel you have entered a wellness spa, this home calms and invites you to stay! Partial list of improvemnts. Roof 4 years ago 2 Tankless water heaters. Whole house water purification. All Landscape irrigation / lighting. Roof insulation Various plumbing improvements. Hvac - 3 units replaced in 2018. Backyard hardsape replaced after owner's purchase.
42010 N 111th Place
Scottsdale, AZ 85262
$3,995,000
5
Beds
5.5
Baths
6,147
SqFt
Status
Active Under Contract
MLS #
6763738
Property Type
Single Family Residence
Price Type
--
Golf membership available. Nestled on a premier view lot, this exquisite home offers expansive mountain views, valley lights and breathtaking year-round sunsets. The heart of the home is designed for both elegance and comfort, with a great room anchored by a Cantera stone fireplace, an inviting dining room, and a wet bar for entertaining. The gourmet kitchen has been recently remodeled with Wolf and Sub-Zero appliances, beautiful stone work, and a cozy breakfast nook that opens to the family room—complete with another fireplace for those cool desert evenings. The spacious master suite offers ultimate privacy, featuring a fireplace, an expansive walk-out balcony leading to the backyard, and a luxurious en-suite bathroom with a massive walk-in closet. A private elevator adds convenience and sophistication. Complementing the main home is a separate pool/spa room, which can double as a guest suite, workout room, or office, complete with a full bath and sauna. Outside, the backyard offers a true oasis with over 1,000 sq. ft. of covered patio space, a pool & spa, fireplace, BBQ area, and wet bar perfect for both relaxation and entertaining. The stunning panoramic views stretch from east to west, offering sparkling city lights at night and picturesque sunrises and sunsets each day. Elegant French oak and Italian limestone floors throughout the home elevate the luxury, making this a one-of-a-kind estate ideal for enjoying the best of Sonoran desert living.
3807 N 55th Place
Phoenix, AZ 85018
$3,995,000
6
Beds
5
Baths
5,178
SqFt
Status
Active
MLS #
6747124
Property Type
Single Family Residence
Price Type
--
Introducing a completely remodeled, modern adobe on a half acre lot in the heart of Arcadia Proper. Boasting 5 bedrooms & 4 bathrooms in the main house plus a charming casita! From the moment you arrive, you'll be captivated by the seamless blend of traditional adobe aesthetics with contemporary design elements. Saltillo tile flows through the main living areas creating a warm & inviting atmosphere throughout. The chef's kitchen features high-end Thermador stainless steel appliances, custom cabinetry, spacious island, & dining space filled with natural light, perfect for both casual living & entertaining. Immerse yourself in cinematic experiences with state-of-theart surround sound system in the main living areas & outside, elevating your entertainment to new heights.