Feeling the Squeeze of Rising Rents? Here Are 3 Reasons You Should Consider Buying a Starter Home

With real estate becoming more affordable, new homes being sold in a range of prices and the cost of rent going up, there has never been a better time to consider buying a starter home.

Put That Rent Money Into Your Own Property

People who live in areas that have become trendy know the pain of rising rent rates. At what point is the amount of money being spent on rent more advantageous to put into a new home?

Starter homes are not the crazy investment they used to be. With the increase in condo developments and the lower entry price for smaller homes, it’s never been easier and less expensive to put a down payment on a new home and put that rent money into a place that you actually have a financial stake in.

A Starter Home Is Not A Fixer Upper

There was a point in time when starter homes were considered to be houses that required a lot of work to renovate them to a point where they could be sold for a profit. This was before really affordable condo developments started to spring up in every city and began to provide younger people the opportunity to own a home.

Some people still think of a starter home as a fixer upper, an old house that will require a substantial investment and time, something that most first-time home owners do not have an abundance of. In today’s market, starter homes can be brand new and will be in the best condition imaginable.

It Can Act As A Source Of Income

Some homeowners find that when it’s time to finally make the move from their starter home into their forever home, they no longer need to sell. In some cases they prefer to hold onto it and use it as a rental property to bring in a second source of income to help with the new house.

This is more common with condos in neighborhoods that have experienced tremendous growth around them in the years after the purchase. When the price of rent skyrockets in these areas, the investment actually has more value as a rental property until the time is right to sell.

There are many reasons to invest in a starter home and the area you want to buy will change depending on your own reasons. Give me a call so you can pinpoint what you want out of a starter home and receive some valuable insight into the kinds of homes you should be considering – J.P. Cook – 602-320-4253.

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Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

2647 E Vista Place Williams, AZ 86046

$1,695,000

3 Beds

3.5 Baths

4,184 SqFt

Status Active

MLS # 6692525

Property Type Single Family Residence

Price Type --

Discover tranquility & expansive beauty of the High Country. Stunning log home nestled on 5.03 acres secluded amidst towering juniper and pinon trees. A picturesque retreat boasts a charming wrap-around composite deck offering panoramic vistas, 3 bedrooms and 3.5 bathrooms, a spacious kitchen complete with a farmhouse sink, a welcoming great room & family room, versatile loft space, office for remote work or creative pursuits, hardwood floors, and luxurious in-floor heating. The main floor master suite offers a sanctuary with a generous walk-in closet, a separate jetted tub, and shower. Extra-large 2-car garage, measures 25x38, 950 sq ft, equipped with heating. Experience the epitome of mountain living in this idyllic haven.

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5805 E Agave Place Carefree, AZ 85377

$1,695,000

5 Beds

4 Baths

3,329 SqFt

Status Active

MLS # 6711345

Property Type Single Family Residence

Price Type --

This stunningly remodeled and modernized residence was crafted by the renowned architect Ilan Baldinger from Baldinger-Studio. Nestled at the foot of Black Mountain in Carefree, AZ, this exquisite home offers a tranquil setting. Step inside this luminous and spacious home to experience a sense of relaxation and serenity. Explore the expansive living and dining area with a revamped entertainment center, complete with a water vapor electric fireplace. The kitchen, with its contemporary white design, boasts top-of-the-line finishes and overlooks the living space and pool. The master suite features a private gas fireplace, a lavish bathroom with a freestanding tub, and a walk-in shower. Additionally, there is a guest casita or office ideal for remote work or visitors. The property includes a 3-car garage equipped with electric charging for your EV. Moreover, there is a separate air-conditioned RV garage or workshop. Countless other upgrades and amenities await discovery in this remarkable home - a true gem that should not be missed.

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4202 E Windsor Avenue Phoenix, AZ 85008

$1,695,000

4 Beds

2.5 Baths

3,420 SqFt

Status Active

MLS # 6716435

Property Type Single Family Residence

Price Type --

WOW! A new custom home in Arcadia Lite! Walk in to a spacious foyer with tall ceilings & tons of natural light. The living room is open to the kitchen & has spectacular views of the green grass & sparkling blue pool in the backyard. The kitchen boasts TWO islands, walk in pantry, induction cooktop, stainless steel appliances, quartz counter tops, & under-cabinet lighting. Enjoy hosting family & friends in the large dining area with additional cabinet storage. The master suite is a special oasis with a custom accent wall, wall sconces, and spa-like bathroom featuring double sinks, standalone tub, & pristine shower. The master closet even has it's own washer & dryer! The private backyard is ready for entertaining with both covered & uncovered patios and shimmering pool! RV gates! No HOA!

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18526 E Cloud Road Queen Creek, AZ 85142

$1,695,000

6 Beds

5 Baths

6,200 SqFt

Status Active

MLS # 6753942

Property Type Single Family Residence

Price Type --

Unleash your creativity with this expansive, unfinished home, ready to be tailored to your exact vision! Set on a sprawling 2 acres, this property offers the rare opportunity to craft your perfect residence from the ground up. With a generous 6,200 sq. ft the layout includes multiple bedrooms and bathrooms, allowing for flexible room configurations and personalized touches. Imagine creating expansive living areas, a gourmet kitchen, and luxurious master suites tailored to your taste. The on-site shop adds functionality, whether you need a workshop, storage, or an extra garage.Enjoy the benefits of a private, serene setting while still being conveniently accessible to local amenities and major roads.This is a rare opportunity to finish a home to your wants and needs.

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411 W Galvin Street Phoenix, AZ 85086

$1,695,000

4 Beds

3.5 Baths

2,726 SqFt

Status Active

MLS # 6771487

Property Type Single Family Residence

Price Type --

Luxury Remodeled Farmhouse on 2.6 Acres - Horse Property with Resort-Style Pool & Guest Suite Step into the elegance of this completely remodeled farmhouse, sitting on 3 acres of pristine land, perfect for horse lovers. The property features a 2-mare hotel and an arena, catering to all your equestrian needs. Unwind in the 40,000-gallon saltwater pool—a true resort-style oasis right in your backyard. For those who need space to work or play, there's a 3,600 SF detached warehouse complete with a guest suite and bathroom. It's already prepped for a kitchenette, and includes a full gym, an inground cold plunge, and an infrared sauna for ultimate relaxation and wellness. Additionally, a 1,600 SF building on the property is fully outfitted as an office and schoolroom, perfect for homeschooling or remote work. With too many upgrades to list, this property is a rare find. Seller financing available.

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3174 E Marlette Avenue Phoenix, AZ 85016

$1,695,000

4 Beds

2.5 Baths

2,796 SqFt

Status Active

MLS # 6760989

Property Type Single Family Residence

Price Type --

Welcome to your perfect oasis in the guard gated Biltmore Greens. Ideally situated in the foothills of the Phoenix Mountain Preserve, this Biltmore pied et terre offers you both privacy and peace of mind. Allowing you to right size your life with the convenience of a lock and go lifestyle. Step inside to discover a bright, open-concept kitchen that boasts tons of countertop space, perfect for cooking and entertaining. The timeless design seamlessly flows into inviting living areas, creating a warm and welcoming atmosphere for family and friends. While the charming low-maintenance backyard provides a serene escape for outdoor gatherings or quiet moments of relaxation. Convenience is at your fingertips with an array of shopping, dining, and entertainment options just moments away.

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29048 N 53rd Street Cave Creek, AZ 85331

$1,695,000

4 Beds

3 Baths

2,392 SqFt

Status Active

MLS # 6755729

Property Type Single Family Residence

Price Type --

The ideal Arizona Ranch, This property features a beautiful single level home with 3 bedrooms 2 bathrooms a sparkling pool and private yard plus a new roof. The ranch area features a brand new 24 stall barn, large new arena 80x120 and property has room to add a round pen or more turnouts. The separate casita has a full kitchen studio style living space and full bath. This ranch is located at the end of 53rd street a very private, very equestrian friendly neighborhood and the best part...This property has CITY WATER and PAVED ROADS TOO!

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7705 E Doubletree Ranch Road Unit 46 Scottsdale, AZ 85258

$1,695,000

3 Beds

2 Baths

2,366 SqFt

Status Active

MLS # 6778656

Property Type Single Family Residence

Price Type --

PROFESSIONALLY DESIGNED & ARCHITECTED WITH LEVEL 5 FINISHED SMOOTHED WALLS-ALL MARBLE & QUARTZITE BACK SPLASHES & COUNTER TOPS W MITERED EDGES-FLOOR TO CEILING TILE & GLASS THRU OUT BATHROOMS W CURBLESS ENTRY-ENTIRE HOUSE HAS AMERICAN MANUFACTURED DELTA PLUMBING FIXTURES-ALL BRAND NAME HIGH END DESIGNED LIGHTING/CEILING FANS.NEW CUSTOM & LOCALLY MANUFACTURED ALDERWOOD INTERIOR DOORS-96'' WHERE APPLICABLE-BARN DOORS ARE ALL SOFT CLOSE-NEW TOP OF THE LINE CABINETRY THRU OUT ENTIRE HOME-ALL W SOFT CLOSE DRAWERS AND CABINETS -ALL FLOORING/TILE/MARBLE MATERIALS ARE ITALIAN OR SPANISH MANUFACTURED-NO DISCOUNT OUTLETS-ENJOY GAINEY RANCH AMENITIES-24-HR GUARD GATES-NEW ESTATE CLUB-TENNIS & PICKLE BALL COURTS-FITNESS CENTER-OLYMPIC SIZE POOL-THIS HOME IS TRULY MOVE IN CONDITION -THIS IS A MUST SEE

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7151 E Mcdonald Drive Paradise Valley, AZ 85253

Open House

$1,695,000

2 Beds

3 Baths

1,884 SqFt

Status Active

MLS # 6768548

Property Type Townhouse

Price Type --

Welcome to the epitome of modern luxury at this exquisitely rebuilt from the studs out and reimagined single level jewel box. Luxuriously appointed, this Paradise Valley masterpiece is exactly what you have been waiting for and more. This stunning two bedroom, 2.5 bathroom townhome, complete with a versatile den, has been meticulously reconfigured to maximize space, eliminate hallways and raise ceilings, all with a soft contemporary design. Step inside to discover an open floor plan bathed in natural light, custom iron Western doors and windows and French white oak flooring and gas fireplace, highlighting the sophisticated style of the interior. Embracing indoor out door living, there are two charming limestone and turf patios with one patio featuring a newly built gas fireplace, creating an intimate atmosphere for both relaxing and hosting guests. The gourmet kitchen features custom designer cabinetry, elegant honed white marble countertops, wolf range, subzero refrigerator, subzero wine tower, and two additional beverage drawers. Retreat to the spacious master suite, where you'll find a luxurious spa-like bathroom with a walk-in shower, soaking tub, dual vanities, designer cabinetry, white marble and premium fixtures and custom walk-in closet. The second bedroom offers ample space and comfort, featuring a full ensuite and new closet. Attached direct access two car garage has newly epoxied floor and generous storage. A rare opportunity for an interior location at the exclusive Villa Serena community. You'll have access to a range of amenities including a sparkling pool, fitness center, and beautifully landscaped grounds. Located in prestigious Paradise Valley, this home offers unparalleled convenience with close proximity and walkability to upscale shopping, dining, and entertainment.

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24209 N 87th Street Scottsdale, AZ 85255

Open House

New

$1,695,000

4 Beds

3.5 Baths

3,770 SqFt

Status Active

MLS # 6787243

Property Type Single Family Residence

Price Type --

Welcome to North Scottsdale luxury living in Pinnacle Peak Estates. Situated on over 1.3 acres this spectacular home boasts a variety of upgrades including a 4 car extended length garage w/electric vehicle charging station & storage cabinets, RV parking, observation roof deck, mountain views, resort style backyard, massive circular drive and over 1,000 sq ft of pavers! Brand new roof in 2023 w/10 year warranty, remodeled master bath and new septic in 2021. Interior features include 2 fireplaces, 4 beds, 3.5 baths, separate office & den, split floor plan, stone & wood flooring throughout, kitchen island w/ granite countertops, breakfast eating area & formal dining. Amazing backyard amenities include a private pool, heated spa, built in BBQ, large covered patio, fire pit & mountain views!!

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10468 E Quartz Rock Road Scottsdale, AZ 85255

Open House

$1,694,900

4 Beds

4 Baths

3,691 SqFt

Status Active

MLS # 6746155

Property Type Single Family Residence

Price Type --

A true Troon oasis! This beautiful custom home was perfectly designed to gaze directly upon Troon Mountain. Enter through the front courtyard and imagine yourself relaxing in the pool, or sitting on the patio with one of Scottsdale's most picturesque mountains as your backdrop. Step inside, where you'll find a living room with a wall of windows, again designed with the specific goal of soaking in those majestic views, topped by clerestory windows for abundant light. Subtle southwest details add tons of charm, like saltillo flooring, soft-edge niches and fireplace surrounds, and vega beam accents inside and outside. Continue to the kitchen, with gorgeous granite counter tops, stone accent backsplash, stainless appliances, and a generous pantry. Here you'll also find the comfortable sitting room, with a second fireplace and warm wood accent ceilings. The bedroom layout is ideal. The primary suite has access out to a private patio and an ample ensuite bathroom with separate shower and tub, as well as two walk-in closets. Also within the main house are two large guest bedrooms, each with walk-in closet and ensuite bathroom. Don't miss the casita, this fourth bedroom is a complete setup for your guests, with plenty of space for a bed and seating/office area, a niche for the mini fridge, and of course full bathroom and walk-in closet. The garage is huge, with more than enough space for two cars plus almost one full-size car space on the side for storage, workshop, bikes, golf cart, and more. Imagine having all of this in a gated community within Troon, one of Scottsdale's most renowned neighborhoods. Not just that, but in the center of Troon, walking distance to your morning hike at the Pinnacle Peak Mountain or lunch at Pinnacle Grill, or grab your bike and continue to the Four Seasons Resort for dinner at Proof Canteen, Talavera Steakhouse, or just enjoy a massage at the spa. The list is practically endless for golf, fine dining, shopping, hiking, everything that north Scottsdale has to offer, just minutes away. Come see this amazing home today.

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6836 N 13th Place Phoenix, AZ 85014

$1,694,500

4 Beds

4.5 Baths

3,195 SqFt

Status Active

MLS # 6745364

Property Type Single Family Residence

Price Type --

Opportunity is knocking. *TO BE BUILT* Welcome to your future dream home in one of Phoenix's most sought-after neighborhoods! Nestled in the prestigious, A+ rated Madison School District, this rare, custom build opportunity offers you the chance to create a home that's as unique as you are. Imagine designing your perfect sanctuary, tailored to your every desire, right in the vibrant heart of Uptown Phoenix! Whether you envision a modern architectural masterpiece or a charming, classic farmhouse, this prime location offers the perfect canvas to bring your vision to life. Stroll through the nearby trendy cafes, indulge in gourmet dining experiences, or enjoy a night out at the local bars, all within a stone's throw of your future doorstep. *Photos are of previous homes. This is more than just a lot; it's an invitation to build your forever home in a community known for its charm, convenience, and top-tier amenities. Don't miss out on this incredible opportunity to create the home you've always dreamed of, in a location that truly has it all.

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