Buying for Retirement: 3 Reasons Why You’ll Want to Buy Your Retirement Home Before You Retire

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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15775 E Us 60 Highway Gold Canyon, AZ 85118

$560,000

2 Beds

1 Bath

1,150 SqFt

Status Active

MLS # 6559727

Property Type Single Family Residence

Price Type --

Looking for horse property that is fenced with covered stalls and an arena already to go? This property has just that. There are 3 parcels being sold as one that equals just over 4 acres, includes access road. The home was built in 1954, it has 2 bedrooms and 1 bath. The back entrance has a covered patio area. There are several out-buildings on the property including a tack room, tool shop, outdoor bbq area, and trailer home. The property backs up to State Trust Land, saddle up your horses and ride for miles. There is a well on the property currently serving the property to the north, but the line has a separate shut off. Pinal County shows the address in Apache Junction - but the property is east of Gold Canyon on US 60. Buyer to verify all facts and information important to them.

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17470 E Hiding Horse Lane Dewey, AZ 86327

$560,000

3 Beds

2 Baths

1,311 SqFt

Status Active

MLS # 6624342

Property Type Single Family Residence

Price Type --

Privacy Parcel and a Very Well Built Brand New sitebuilt House on Over 2 Pristine Acres! Awesome Granite Kitchen! House is Stucco with the Color throughout. Acres of Room for Your Big Shop or RV Garage! Primary Bedroom Fits King Bed! Primary Bathroom has Dual Sink/luxury Vanity, Dual Medicine Cabinets, and Primary bathroom connects to the Walk in Closet. Primary Shower is Walk-In and Tiled Floor to Ceiling (Desirable Pebble Shower Floor) w/ Glass Shower Doors Shampoo Shelf and Window all wrapped in tile! House and Even the Entire Over Sized 2 Car Garage is Spray Foam(a high Insulation Factor/Superb R-Value) . Big Slider to the Massive Exterior Covered Concrete Porch Features a Designer Pine Ceiling. Area for BBQ and Outdoor Living with Great Temps here! State Land Near By! This is It!!!

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4833 W Dublin Court Chandler, AZ 85226

$560,000

4 Beds

2.5 Baths

1,860 SqFt

Status Active

MLS # 6763069

Property Type Single Family Residence

Price Type --

Fantastic location for this cozy 4 bedroom, 2.5 bath home in the heart of Chandler! The spacious formal living and dining greet you upon entry and the kitchen is conveniently open to the family room with the breakfast nook overlooking the sparking pool in the back yard. A cute powder room and the laundry room complete the downstairs living. Upstairs you will find a nicely appointed primary suite at the back of the home complete with a luxurious primary bath, including separate vanities, potty closet and generously sized walk in closet. Three more bedrooms and a wonderful secondary bathroom with a tub/shower combo round out this thoughtfully designed abode ! Come see your next home today!

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3240 W Black Oak Loop Show Low, AZ 85901

$560,000

3 Beds

2 Baths

1,550 SqFt

Status Active

MLS # 6677802

Property Type Townhouse

Price Type --

Move in ready, lock and leave golf villa in Torreon now on the market. This villa provides 3 bedrooms, 2 bathrooms, detached 1 car garage and views of the tremendous tall pines that surround the villa for privacy. Upon walking in you'll love the simplicity of the décor and the cozy feel in the atmosphere. Open/split floor plan offers a spacious and private space for friends and family to enjoy. The covered deck and patio add the perfect areas for relaxing and taking in the fresh mountain air. This one of a kind villa needs to be on your list as it won't last long.

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42930 N Voyage Trail Phoenix, AZ 85086

$560,000

3 Beds

2 Baths

1,577 SqFt

Status Active

MLS # 6770874

Property Type Single Family Residence

Price Type --

Nestled on a scenic hillside lot in Northern Anthem with over 80K in upgrades! Completely remodeled and absolutely beautiful.*NEW luxury vinyl plank flooring throughout. *Remodeled kitchen features new black leathered granite slab countertop with buffet extension, brand new SS appliances, deep pot and pan drawers, soft-close cabinets, and barn door pantry * NEW remodeled primary bathroom with gorgeous glass shower, rain showerhead, built-in linen cabinet, fogless lighted mirror, and custom vanity with quartz countertops *Original third bedroom has been converted into a personal gym with new rubber mat flooring and cardio room. ALL brand new gym equipment conveys with the property. Gym could easily be converted back into a third bedroom. (SEE MORE...) *New turf with iron and wood ramada lit with built-in string lighting. *NEW Interior paint throughout entire home. *Leased solar system for low electric bills. New washer and dryer included! This home is clean, well kept, and ready to move right in! This Melody floorplan is only 0.2 mi. from the Daisy Mountain Trailhead with gorgeous mountain views of Gavilan Peak. The property is near the Anthem Community Center and Pool, paved and desert walking trails, the Anthem dog park, and A+ schools. Home ownership in Anthem Parkside includes an abundance of resident amenities including access to indoor and outdoor basketball courts, heated lap pool, community waterpark, splash pad, sand volleyball courts, pickleball and tennis courts, indoor and outdoor workout centers, rock climbing wall, and fitness classes!

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15035 S 178th Drive Goodyear, AZ 85338

$560,000

3 Beds

2 Baths

2,124 SqFt

Status Active

MLS # 6731532

Property Type Single Family Residence

Price Type --

Welcome to your stunning new 3-bedroom, 2-bathroom home in the sought-after Estrella Mountain at Vidrio by Landsea. This High Performance Home offers breathtaking mountain views and a chef's kitchen with endless counter space, walk-in pantry, 42'' Dusk shaker cabinets, hexagon backsplash, stainless steel appliances, and white quartz countertops. With 9ft ceilings and plenty of windows, the home is filled with natural light, creating a bright and airy atmosphere. Modern design touches and the latest in-home technology ensure a stylish and efficient living experience. Don't miss out - this gem won't be on the market for long!

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8345 E Oak Street Scottsdale, AZ 85257

$560,000

3 Beds

2 Baths

1,305 SqFt

Status Active

MLS # 6751765

Property Type Single Family Residence

Price Type --

Come check out this lovely remodeled home in Old Town Scottsdale! Cosmetic and functional updates throughout with a beautiful real grass backyard! Updates include a new roof in 2022, upgraded electrical system, new water main, new drainage system, fresh interior and exterior paint, new flooring throughout, renovated bathrooms, dual-pane windows and doors, updated paneled wall. Added Bonus you can jump on the Scottsdale Trolley right across the street! It's free to ride and will take you to numerous set locations. From Dr.s Appts, to school, into town and more! Come see what this beautiful home has to offer!!

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33376 N Jamie Lane San Tan Valley, AZ 85144

$560,000

5 Beds

3 Baths

3,251 SqFt

Status Active

MLS # 6766205

Property Type Single Family Residence

Price Type --

Welcome to this stunning 5-bedroom, 3-bathroom, 2-story home in a vibrant community offering breathtaking mountain views! With 3,251 sq. ft. of expansive living space, this home features a den, loft, and plenty of room for everyone. The airy and bright interior boasts tall ceilings, neutral paint, and huge low-e dual-pane windows that flood the space with natural light. The upstairs primary suite includes a full bathroom. The kitchen features granite countertops, a walk-in pantry, a kitchen island, formal dining space, and a breakfast bar. Step outside to the covered patio, is perfect for unwinding as you overlook the sparkling saltwater heated pool, grassy backyard and stunning mountain scenery. The community offers fantastic amenities, including a playground, clubhouse, pool, and more

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22459 E Calle De Flores -- Queen Creek, AZ 85142

$560,000

4 Beds

2 Baths

1,942 SqFt

Status Active

MLS # 6761841

Property Type Single Family Residence

Price Type --

Perfectly situated in the highly sought after family friendly community of Meridian in Queen Creek, you'll find this stunning 4 bedroom, 2 bath home which boasts luxurious upgrades and amenities. This home features an open layout, perfect for entertaining, with high ceilings and plenty of natural light streaming in from the three sliding glass doors leading in the beautiful backyard with your own pool, citrus trees, & view fence, with no neighbors directly behind! Inside, enjoy the gourmet kitchen with stainless steel appliances, granite countertops, walk in pantry and convenient island/breakfast bar. The primary suite features upgraded bathroom with a walk in shower and a comfortable soaking tub. The remaining bedrooms are spacious and inviting with a shared bathroom

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1516 E Dublin Street Gilbert, AZ 85295

$560,000

3 Beds

3.5 Baths

2,152 SqFt

Status Active

MLS # 6766388

Property Type Single Family Residence

Price Type --

Enjoy Arizona's heavenly weather and fun entertainment in this gorgeous move-in ready home! After being welcomed in by the lovely paved & turfed yard, this immaculate home has a spacious feel with light color tones. This newer 2020 build consists of all 3 bedrooms with their own ensuite restrooms and walk-in closets!!! Tons of storage space throughout, a convenient half bath downstairs and upstairs laundry. Just minutes away from the freeway, downtown Gilbert, and San Tan Village...This gorgeous and peaceful community comes with a heated pool for your enjoyment. What a dream! Even all the furnishings available on a separate bill of sale!

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7832 E Osage Avenue Mesa, AZ 85212

$560,000

4 Beds

2 Baths

2,313 SqFt

Status Active

MLS # 6782211

Property Type Single Family Residence

Price Type --

This spacious family home features four large bedrooms and two bathrooms within 2,313 square feet, including a front living room and a separate family room that opens to the kitchen. The eat-in kitchen boasts ample oak cabinetry, granite countertops, stainless steel appliances, a tile backsplash, a center island, and a sizable walk-in pantry. Sliding doors open to the covered patio and expansive backyard, which includes a private pool and the privacy of no neighbors behind. The generous primary bedroom offers a double door entry, a private backyard exit, and an en-suite bathroom with a dual sink vanity and a shower. Additional highlights include tile and laminate floors, vaulted ceilings, water softening and reverse osmosis systems, and a two-car garage with cabinets.

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2114 S El Marino -- Mesa, AZ 85202

$560,000

3 Beds

2 Baths

1,822 SqFt

Status Active

MLS # 6769790

Property Type Single Family Residence

Price Type --

Remodeled home in prime location! New luxury vinyl flooring and baseboards, new carpet*Gormet kitchen with new stainless appliances, quartz countertops, modern wood shelving, recessed lighting, white shaker cabs, pendant lighting, large island with breakfast bar and extra storage, built in microwave all open to a dining/living room perfect for entertaining*Oversized master bedroom w/private exit to backyard, oversized closet*New bathroom vanities in both bathrooms*Cozy wood burning fireplace*Picture windows throughout bringing in natural sunlight*Freshly painted inside and out*New landscaping*Peaceful atrium with private access from the bedrooms and entrance*New fans/fixtures/interior doors*

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