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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12211 N 57th Street Scottsdale, AZ 85254

$1,450,000

5 Beds

2.5 Baths

3,093 SqFt

Status Active

MLS # 6747612

Property Type Single Family Residence

Price Type --

Fabulous territorial home in Century North, a quiet Scottsdale neighborhood nestled within the large lots of 85254! On over 1/4 acre of immaculate xeriscape, this 3,093 sq ft energy-efficient home features a large, crystal clear pool, oversized pass-through garage, separately gated RV parking, large covered front and back patios, dog run and much more! A high ceiling entryway welcomes you into this great 5 bedroom/2.5 bath single level home with an additional large bonus/flex/game room. Every square foot of home has been remodeled, included wood-look ceramic tile plank flooring throughout, gourmet kitchen with stone counters, custom cabinetry, wall oven, vaulted wood-beamed ceilings in dining and living rooms connected via a two-way fireplace. 16kW of solar = avg bill less than $100)!

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5319 N 2nd Street Phoenix, AZ 85012

$1,450,000

5 Beds

4.5 Baths

3,581 SqFt

Status Active

MLS # 6770811

Property Type Single Family Residence

Price Type --

Discover your perfect family retreat in the desirable Windsor Square neighborhood of North Central Phoenix! Located in a peaceful cul-de-sac, this impressive home, built in 2016 by Porchlight, seamlessly blends contemporary design with functionality. The spacious floor plan features a large great room with soaring ceilings, creating an inviting space for relaxation and entertaining. The open formal dining area showcases a sleek contemporary fireplace, setting the stage for memorable gatherings. The stunning kitchen is a true highlight, equipped with floor-to-ceiling white cabinets, elegant granite countertops, and stainless steel appliances. The expansive island and eat-in kitchen provide ample space for casual dining and easy access to the backyard. This well-designed layout includes a spacious master suite, a dedicated office or bedroom, and a secondary bedroom on the main floor for added convenience. Upstairs, you'll find two additional bedrooms and baths, along with a generous loft area that overlooks the great room. Ideal for a home office or play area. Low-maintenance outdoor living is yours with lush turf grass in both the front and backyards. Additional features include a large laundry room, a walk-in pantry, and a 3-car garage. Don't miss the opportunity to make it yours!

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580 N Benson Lane Chandler, AZ 85224

$1,450,000

7 Beds

4.5 Baths

5,122 SqFt

Status Active

MLS # 6765082

Property Type Single Family Residence

Price Type --

With impressive curb appeal, and spread over almost a half of acre of land this expansive home welcomes you through a custom iron front door into a grand entryway with soaring ceilings, creating a warm, inviting atmosphere. Two standout features make this property exceptional: a massive 6+ car garage and an entertainer's dream backyard. Spread over 5,122 square feet this home features 7 bedrooms plus an office and 4.5 bathrooms. Rich wood flooring adds to the home's cozy charm, while the fireplace in the front room offers a tranquil space to unwind. The spacious kitchen is a cook's delight, offering ample cabinet space. Its large island is perfect for entertaining, while the nearby family room boasts a convenient bar area for beverage storage. The guest ensuite on the main level features a private den with direct access to the backyard. Upstairs, the luxurious master ensuite showcases a two-way fireplace, a deep soaking tub, a separate shower, and a HUGE walk-in closet. The master suite also features a private patio, and the dual vanity in the bathroom offers plenty of space and storage. Each of the four additional bedrooms upstairs provides extra space to relax, while a versatile bonus room offers endless possibilities. This home truly combines comfort, space, and entertainment. The large basement stays cool during the summer and even includes a bathroomrare for homes in this area. With three indoor fireplaces and an outdoor fire pit, you'll feel at home year-round. This outdoor oasis includes a diving pool, stunning water features, a gas fire pit, a putting green, a sprawling lawn, built-in BBQ, a basketball court area, and a spacious covered patioperfect for gatherings. Located near all of Chandler's best attractions and with easy access to the 101 freeway, this home offers an unbeatable location!

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6969 E Bobwhite Way Scottsdale, AZ 85266

$1,450,000

4 Beds

2.5 Baths

3,237 SqFt

Status Active

MLS # 6769840

Property Type Single Family Residence

Price Type --

Sitting on an oversized tranquil lot, the courtyard with fountain and recently painted exterior welcome you home. As you enter, you will find fresh updates throughout including three renovated bathrooms and kitchen updates including granite countertops. The oversized center island is perfect for cooking and entertaining, as the kitchen opens to a family room with gas fireplace. The primary suite offers an escape boasting recently installed carpet and French doors that lead to a resort style backyard complete with refinished pebble tec pool. Enjoy a recently installed roof and HVAC, as well. Desirable location near shopping, dining and with easy access to the 101. Top rated Cave Creek schools. Relax and unwind in your desert oasis, perfect for Scottsdale living!

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575 Deer Pass Drive Sedona, AZ 86351

$1,450,000

3 Beds

2.5 Baths

2,193 SqFt

Status Active

MLS # 6777844

Property Type Single Family Residence

Price Type --

Discover ultimate luxury in this completely remodeled ranch-style home in the heart of VOC Sedona. With over $500K in upgrades, this home is brand new from top to bottom! The new roof, HVAC system, and 9-foot Pella sliding glass doors, along with soaring 10-foot ceilings, create an airy, modern atmosphere that flows effortlessly throughout the home. The chef's kitchen is a true masterpiece, designed with high-end finishes and perfect for entertaining. Outfitted with brand-new wood shaker cabinets, granite slab backsplash and countertops, stainless steel appliances, and an oversized island with a breakfast bar, it's the ideal space for creating and enjoying meals while soaking in the spectacular red rock views. The spacious owner's suite is a serene retreat, featuring a luxurious ensuite with meticulous attention to detail, including a granite vanity with porcelain vessel sinks, a freestanding double slipper tub, an oversized dual rain head shower, and a generous walk-in closet. Step outside to a backyard oasis where breathtaking red rock and mountain views set the scene. The expansive outdoor living area includes a large covered patio, perfect for lounging or dining, a swing bed for ultimate relaxation, and a built-in grill with an eating bar. Enjoy the travertine stone patios, cozy up by the fire pit, or take advantage of the 6-hole golf putting green. For added comfort, unwind in one of the four built-in hammocks while soaking up the desert serenity. With a spacious 3-car garage and pristine desert landscaping, this home is a true Sedona gem! Whether you're seeking luxury, relaxation, or a perfect home for entertaining, this property offers it all. Don't miss your chance to own this one-of-a-kind residence in Valley Vista Estates!

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8513 N Woodshire Place Scottsdale, AZ 85258

$1,450,000

3 Beds

2.5 Baths

2,550 SqFt

Status Active Under Contract

MLS # 6596634

Property Type Single Family Residence

Price Type --

The Property was pending on a Lease-Purchase for 6 months - newly back to market! Stunningly remodeled in 2022, this exquisite residence in McCormick Ranch, is a true masterpiece. Step inside and be greeted by the inviting engineered hardwood flooring that spans throughout. This home boasts not one, but two fireplaces, adding warmth and charm to both the family and living rooms. The expansive kitchen is a chef's dream, featuring ample storage space and equipped with all the modern amenities. Take note of the built-in wine refrigerator, perfect for entertaining guests in style. The convenience of a spacious laundry room with a sink adds to the practicality of this home. Indulge in the comfort of the primary bedroom, where backyard access creates a seamless connection to outdoor serenity. The en-suite bathroom offers a dual sink vanity, complemented by a walk-in closet presenting a perfect blend of style and functionality. The outdoor space is a true oasis, featuring a covered patio that invites relaxation. Lounge by the private pool, or seek shade beneath the inviting ramada, creating memorable moments for family and friends. The home formerly operated as an Airbnb with an annual gross income exceeding $125,000, this home offers not only luxurious living but also a lucrative venture. Don't miss out on the chance to own this remarkable residence in the heart of Scottsdale's finest.

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17892 E Colt Drive Queen Creek, AZ 85142

$1,450,000

4 Beds

3.5 Baths

4,007 SqFt

Status Active

MLS # 6718123

Property Type Single Family Residence

Price Type --

Welcome to your dream home in the exclusive Dorada Estates, a gated community where luxury meets comfort. This stunning 2019 Toll Brothers residence offers 4007 sq ft of pure elegance, complete with a spacious 4-car garage and desirable north-south exposure. As you enter through the charming courtyard, you are greeted by soaring 12 ft ceilings and exquisite one-by-four-foot custom wood tile flooring throughout—no carpet here. The inviting sitting area leads into the family room, which is prewired for surround sound that extends to the patio. The 12 ft stackable sliding door offers breathtaking views of the custom pool and water feature, seamlessly blending indoor and outdoor living during those cooler days To the west of the family room, you'll find a sophisticated formal dining area. The heart of this home is the gourmet professional-grade kitchen, featuring an oversized island with barstools, gourmet kitchen, a 48-inch gas oven with hood and pot filler, and 12 ft cabinets that reach the ceiling. The extended kitchen boasts a built-in ice machine, mini fridges, and a wine fridge, perfect for entertaining. Step outside to your private oasis, complete with a sparkling pool, gazebo with grilling station, putting green, and bocce ball court. Lush landscaping along the fenceline ensures complete privacy, creating a serene retreat for everyone to enjoy. At the end of the day, unwind in your oversized master suite and luxurious bath, featuring an enormous walk-in shower with four heads. The extensive upgrades throughout the home are detailed in the attached document. Come experience the epitome of luxurious living!

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8 E Biltmore Estate Unit 109 Phoenix, AZ 85016

$1,450,000

2 Beds

2.5 Baths

2,376 SqFt

Status Active

MLS # 6747783

Property Type Apartment

Price Type --

Now is your opportunity to purchase a fantastic Biltmore Fairway Lodge ground floor unit offering wonderful views of the 10th fairway at the Newly renovated Biltmore Estates golf course. Come and enjoy the Biltmore lifestyle with walking paths, hiking, world class shopping & dining at Biltmore Fashion Park, and the best-in-class Biltmore Resort all in the immediate area. The Estates golf course has been perfectly transformed, and the New Biltmore Adobe restaurant and golf shop are the trendy spots to relax and enjoy food, golf and views! This spacious 2,376 sf unit is move-in ready or add your designer touches to make it one of the best properties in all of Fairway Lodge. This is the spot you want to be in! The gently lived in unit offers two spacious bedrooms, a large den and 2.5 bathrooms. Newer AC units. Kitchen features Wolf and Subzero appliances, warming drawer and wine fridge. Updates include new carpeting, new kitchen tile and backsplash. Two assigned underground parking spaces along with spacious storage unit. The location is excellent - Phoenix Sky Harbor airport is less than 10 minutes away, Biltmore Fashion Park is walking distance too

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2224 W Speer Trail Phoenix, AZ 85086

$1,450,000

5 Beds

4.5 Baths

4,133 SqFt

Status Active Under Contract

MLS # 6725677

Property Type Single Family Residence

Price Type --

Situated on over an acre of pristine horse property, this exquisite custom home has been entirely remodeled in recent years, boasting upscale finishes throughout. The brand-new kitchen features Euro-style double-stacked cabinetry, stone countertops, a Wolf range, Scotsman ice maker, and elegant pendant lighting. The master suite has also been transformed, offering a luxurious bath and an expansive walk-in closet equipped with all the desired amenities. For a comprehensive list of upgrades, please refer to the documents tab. Beyond its stunning interiors, the property is equestrian-ready with four covered horse stalls, a dedicated tack room, covered storage space, and a wash area. Additionally, it includes both a round pen and a rectangular pen, making it ideal for the horse enthusiasts.

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6701 N Scottsdale Road Unit 30 Scottsdale, AZ 85250

$1,450,000

3 Beds

3 Baths

2,323 SqFt

Status Active

MLS # 6692670

Property Type Townhouse

Price Type --

FABULOUS GATED CUERNAVACA!!...AN UNBEATABLE 'SCOTTSDALE ADDRESS', A LUXURIOUS, 'LOCK & LEAVE' LIFESTYLE, 'RESORT STYLE' AMENITIES..JUST MINUTES FROM THE MECCA OF WHAT OLD TOWN SCOTTSDALE HAS TO OFFER IN RESTAURANTS, FASHION & NIGHTLIFE, ACROSS THE STREET FROM AJ'S & THE 'COMING SOON' RITZ CARLTON & WITH 3 BEDS (DUAL PRIMARY SUITES), 3 BATHS, SECLUDED COURTYARD ADORNED IN GREENERY, A ROOFTOP DECK WITH ENDLESS MOUNTAIN VIEWS, THE ULTIMATE LIVING EXPERIENCE AWAITS YOU!! As you enter, you're immediately transported to what feels like the English Countryside, the open concept Living Spaces will wow you! Step into the high tech kitchen with stand around kitchen island, eat-in overlooking the front picturesque courtyard of green. Dine formally in the separate Dining Room off of the Great Room with French Doors opening onto most idyllic terrace framed in verdant landscaping, perfect for indoor outdoor entertaining. ACCOMMODATION is sensational with 2 bedrooms downstairs (one en-suite) & 2 bathrooms or escape to the primary bedroom suite, hidden away from the rest of the home private & secluded with lavish en-suite bathroom & huge walk-in his/hers closet. Perhaps have a sundowner on the rooftop patio off of the primary bedroom while taking in the spectacular views. ADD IN 2 CAR ATTACHED GARAGE, INSIDE LAUNDRY & WITH INCREDIBLE COMMUNITY AMENITIES that include Tennis courts, Pool, Spa, Fitness Center and Club House, EXPERIENCE THE THREE L's....LOCATION, LIFESTYLE & LUXURIOUS LIVING ALL ENCOMPASSED AT #30!

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23724 S 126th Street Chandler, AZ 85249

$1,450,000

4 Beds

3 Baths

3,084 SqFt

Status Active

MLS # 6783164

Property Type Single Family Residence

Price Type --

CUSTOM HOME IN A PRIVATE 1.1 ACRE LOT AT A PRIME CHANDLER LOCATION FOR SALE!!! . NO HOA !! Single level custom house over 3000 square feet. Home is filled with many custom details. High ceilings. A nice 4 bedroom and a den or a true 5 bedrooms. Gourmet kitchen with pot filler faucet, granite counter top, beautiful cabinetry, gas stove, built-in refrigerator and high-end appliances. Snail shower in master bedroom. 4 large car garages with a decorative pass through garage door on the opposite side. Lots of extra rooms for storages and boy's toys. A nice extended cover patio. Horse are allowed. Irrigated lot! Must See! Don't miss It!

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37760 N Concho Drive Carefree, AZ 85377

$1,450,000

3 Beds

2.5 Baths

2,807 SqFt

Status Active

MLS # 6690630

Property Type Single Family Residence

Price Type --

Timeless Contemporary design by Fred Linn Osmon features his superlative architecture with original details intact & some lovingly restored. Welcoming courtyard & artistic front door are your first glimpse of this jewel. Situated on a corner lot capturing mountain & desert views, the architect has perfectly positioned the residence to enhance your visual pleasure inside & out. Featuring 3 bedrooms + den with 2 ½ baths the home exudes a character that is impeccably ''Osmon''. Numerous patios scattered around the home complement memorable entertaining & enhance the joy of AZ sunshine, a sparkling pool or simply stargazing in Carefree's dark skies. Own a piece of architectural history in a community that enjoys tranquility, natural beauty, and a lifestyle that is truly Carefree!

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