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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5625 E Exeter Boulevard
Phoenix, AZ 85018
$4,495,000
5
Beds
6
Baths
5,004
SqFt
Status
Active Under Contract
MLS #
6750959
Property Type
Single Family Residence
Price Type
--
This quintessential Arcadia home is every family's dream. This sprawling ranch, located on the coveted Exeter Blvd in the heart of Arcadia, is as grand as it is charming. Enter through a custom Dutch entry door into a home filled with vintage wood flooring, beamed ceilings, and a chef's kitchen boasting custom cabinetry, Carrera marble countertops, high-end appliances, two dishwashers, a farmhouse sink, and a walk-in pantry with a second fridge. The versatile den is an ideal space for both kids and adults or can be transformed into a spacious mother-in-law suite. The Arcadia Proper cottage-style home offers a split floor planwith five bedrooms and six bathrooms. The primary suite includes a cozy fireplace, an oversized closet, a dual sink vanity, and a luxurious walk-in shower with a... ...clawfoot tub. A wall of glass sliders opens to the magnificent grounds, featuring stunning resort-style landscaping, a heated pebble tec pool and spa, and a covered patio. There's plenty of space fora sport court, bocce ball, pickleball, or even a soccer pitch, making this home perfect for hosting birthday parties, cocktail gatherings, weddings, and outdoor soirées. Additional features include a massive laundry room, an exposed red brick wine room, and an air-conditioned garage that fits nine cars. Truly a car enthusiast's dream. The prime location offers easy access to the best shops, restaurants, and amenities in both Arcadia and Old Town Scottsdale.
20664 E Ivy Lane
Queen Creek, AZ 85142
$4,475,000
5
Beds
5.5
Baths
7,283
SqFt
Status
Active
MLS #
6741540
Property Type
Single Family Residence
Price Type
--
Nestled in one of the valley's most exclusive and unique neighborhoods, welcome to The Pecans—a private, gated community adorned with hundreds of mature pecan trees. This serene enclave perfectly blends a small-town feel with the modern conveniences of Queen Creek. Introducing a masterpiece of modern luxury, this nearly 7,300-square-foot residence is designed by the renowned The Lifestyled Co. Crafted by Modern Splendor Homes, this extraordinary property was honored with the prestigious ''Best Custom Home'' award (2023) by the Home Builders Association and has been featured in numerous well-known magazines. Situated on over an acre, one of the largest lots in The Pecans, this home offers an expansive backyard with a heated saltwater pool, spa and a pool bath with dual sinks. and a crash pad with a window that opens to the backyard, complete with swings. It's the perfect place to relax and enjoy a drink while watching the game. The interior is designed with an earthy, vacation-inspired vibe, accented by edgy, unique touches. The dream garage offers space for an RV or boat, and the butler pantry/dirty kitchen with a separate door to the garage provides easy access for event vendors. Inside, the home features two elegant staircases, one of which includes a cozy reading nook. The playroom is equipped with bunk beds, ideal for cousin and friend sleepovers. The kitchen is a culinary delight, featuring a built in steam oven and a cabinet/ladder area that exudes a farmer's market ambiance for fresh produce. The incredible floor plan includes a downstairs master retreat complete with an attached sitting room and fireplace, with the primary bath offering two walk-in closets. The main level also features a large bedroom with an attached bathroom, a beautiful office, and a spacious bonus room. Upstairs, you'll find large bedrooms, each with its own custom bath, a large loft, and a bunk bed area perfect for cousin or friend sleepovers. Every inch of this home is meticulously detailed and perfect. This home offers the ideal blend of luxury and functionality, with the option to purchase it fully furnished. With .35 of an acre left to build on, it's an ideal space for a casita or sports court. Enjoy the privacy of no neighbors in front of you and a clear pathway that ensures uninterrupted views.
10287 E Diamond Rim Drive
Scottsdale, AZ 85255
$4,425,000
4
Beds
4.5
Baths
4,767
SqFt
Status
Active
MLS #
6698382
Property Type
Single Family Residence
Price Type
--
Nestled in the desirable Horseshoe Canyon neighborhood of prestigious Silverleaf, this beautifully remodeled Ranch Hacienda-style home offers both incredible curb appeal and a prime location. Situated near the 2nd fairway and just blocks from the Silverleaf Clubhouse, this residence enjoys a serene setting, fronting a natural preserve and within easy reach of several community parks. The open floor plan includes a spacious great room with pocket doors that lead to a charming courtyard, complete with a covered patios, pool, ramada, and BBQ center, creating an ideal space for indoor-outdoor living. The kitchen has been completely remodeled with high-end appliances, featuring a Sub-Zero fridge, Wolf ovens, a Viking range, sleek new Quartzite countertops, and updated iron light fixtures tie it all together. The private Master retreat offers a bonus room and a balcony that showcases breathtaking views of the McDowell Mountains and city lights. The primary bath has been completed transformed, highlighted by the marble flooring and wall detailing. In addition to the primary suite, there are three guest suites, strategically split for added privacy. All bathrooms have been remodeled, providing a fresh and modern touch throughout the home. Office/media room is conveniently located on the main floor, close to the kitchen, offering a great retreat from the living areas. This updated home in Silverleaf's Horseshoe Canyon truly combines luxury, comfort, and a superb location. Silverleaf features guard gated privacy and timeless architecture in a stunning mountain setting. The community features world-class golf, spa and clubhouse facilities while conveniently located just minutes from hiking, shopping, dining and the Loop 101.
5518 N Quail Place
Paradise Valley, AZ 85253
$4,400,000
8
Beds
8.5
Baths
9,442
SqFt
Status
Active
MLS #
6470008
Property Type
Single Family Residence
Price Type
--
Welcome to this stunning Mediterranean estate in a prime Paradise Valley, Arizona location. This expansive 2-story estate sprawls out over 1.1 acres. The 8Bd/8.5Ba estate features a library, den/office, sunroom, gym, theater, and your very own elevator. Gated motor court accented by towering palm trees and mature easy to maintain foliage. As you enter the threshold and step into the grand entry hall you will be awed by pillared accents, custom flooring throughout, magnificent living room featuring a jewel of a fireplace, oversized windows, and beautiful crystal chandeliers throughout. Elegant formal dining room, spectacular kitchen with rich hardwood cabinetry, sparkling jet-black granite, cabinet-faced cold-storage units, and a gas range. The family room features a gas fireplace, wet bar perfect for entertaining guests and whisper-quiet sliding doors that lead out into the courtyard. Soak in the relaxing views from the atrium-style sitting room or unwind in your own lush home theater with stadium style seating. Dramatic staircase ascends to the loft-library and balconied bedrooms. Primary suite features a two-way fireplace, posh private bath, and a cocktail veranda overlooking beautiful Camelback Mountain views. This estate also provides a fitness room/dance studio with mirrored wall as well as a very private in-law suite with a full kitchen. Sizable backyard with a lush lawn, putting green and stone pathways to a gazebo complete with a barbecue. Plenty of space for a resort style custom designed sparkling pool and and additional personalized amenities you desire. 4-Car Garage with plenty of storage. Come in today and discover what this truly special move-in ready estate has to offer.
17444 N 79th Street
Scottsdale, AZ 85255
$4,400,000
3
Beds
3
Baths
2,891
SqFt
Status
Active
MLS #
6753761
Property Type
Single Family Residence
Price Type
--
NEWLY BUILT STATE-OF-ART LUXURY HOME located on the very FIRST HOLE of the TPC SCOTTSDALE STADIUM COURSE home of the WM Phoenix Open with an unobstructed line of sight to the 'Greatest Show on Grass'. ONE-OF-A-KIND Alcazar at Scottsdale Princess masterpiece newly constructed from the foundation up with no expense spared. This nearly 3,000 sq ft exquisite property features 3 nicely sized bedrooms, 3 full baths (inclusive of en-suite style guest room), open concept floor plan with 12' ceilings, state-of the-art technology, climate-controlled garage, this gated private enclave of just 38 custom homes is sure to satisfy the most discerning of tastes and is an epitome of perfection NOT TO BE MISSED.
6521 E Paradise Drive
Scottsdale, AZ 85254
$4,400,000
6
Beds
7.5
Baths
6,217
SqFt
Status
Active
MLS #
6768401
Property Type
Single Family Residence
Price Type
--
Stunning NEW Desert Modern Masterpiece by Thomas James Homes! This pre-construction residence offers a unique opportunity to customize some interior finishes during the early construction phases. Discover the epitome of luxury living in one of Scottsdale's most desirable neighborhoods. Situated on over an acre of pristine land, this expansive single-level home offers 6 bedrooms, 7.5 bathrooms, and an array of exceptional features that combine modern elegance with practical living. The thoughtfully designed interior showcases wide plank wood flooring, custom lighting, and a floor-to-ceiling fireplace that serves as a dramatic centerpiece. The gourmet kitchen boasts high-end finishes like a pot filler, warming drawer, double dishwashers, and more. An attached pool house adds to the resort-like ambiance, and the 4-car garage ensures ample space for vehicles and storage. Step outside to fully landscaped front and back yards, complete with a luxurious pool and spa perfect for Arizona's outdoor lifestyle. The home is just minutes from fine dining, shopping, and entertainment, offering both convenience and exclusivity. With the opportunity to customize certain interior finishes, this is your chance to make your dream home a reality. Estimated completion: Late 2025.
10792 E Sundance Trail
Scottsdale, AZ 85262
$4,400,000
4
Beds
4.5
Baths
5,721
SqFt
Status
Active
MLS #
6775067
Property Type
Single Family Residence
Price Type
--
FULL GOLF MEMBERSHIP AVAILABLE PER CLUB BYLAWS! This Southwest Custom Contemporary home has style and design features that are unique and desirable. The moment you step into the home your gaze is drawn across the living rom and pool area to the fairway and distant mountains. A very livable floor plan with a split master and a full guest casita. The auto court leads to a 4 car garage with enough space to include your golf cart and plenty of storage. Tour this amazing home and you'll see the quality of construction and style. The home is fully furnished and ready to move right in.
2001 N 1st Avenue
Phoenix, AZ 85003
$4,400,000
3
Beds
5
Baths
10,560
SqFt
Status
Active
MLS #
6602810
Property Type
Townhouse
Price Type
--
Entertainer's DREAM! This one of a kind CUSTOM built brownstone residence is located in the PRESTIGIOUS gated community of Chateau on Central! STUNNING panoramic city & mountain views! IMPECCABLE craftsmanship that took 4+ years and over $7.2M to build! GORGEOUS designer interior & exterior finishes throughout this MASTERPIECE! Multiple kitchens, living areas, dining areas, a HUGE game room, theatre room, elevator, rotunda, patios + SO MUCH MORE! INCREDIBLE sunsets abound! Over 10,000 sq ft on 5 levels including a 4 car garage! This truly CAPTIVATING home is unlike any other! The central corridor LOCATION can't be beat! 1 block to light rail. Adjacent to Willow district. Walk to Phoenix Art Museum, Phoenix Theater, Heard Museum, Playhouse in the Park, Arizona Opera, Phoenix Library and the ultra-hip Roosevelt Row! The BEST shopping and restaurants that Phoenix has to offer! Easy access to freeways, airport, and sporting venues! WELCOME HOME!
8517 N 48th Place
Paradise Valley, AZ 85253
$4,400,000
4
Beds
4
Baths
4,118
SqFt
Status
Active
MLS #
6703221
Property Type
Single Family Residence
Price Type
--
This stunning, classic mid century home, originally designed by noted mid century architect Albert Anderson. and additionally designed by James Kotke sits in an oasis of tranquility in Paradise Valley. With mountain views and lush desert landscaping surrounding the home, the walls of glass allow the spectacular surroundings to become part of the living space. Enter into a private courtyard with a fountain and specimen plantings and walk into an entry framed by mountain views. With a recently remodeled and expanded kitchen and primary bath, classic terrazzo floors, large expanses of glass walls and a multi car garage, this home is a perfect haven for those who demand the finest. This is a classic, timeless home for a sophisticated buyer who appreciates beauty and requires quality
4849 N Camelback Ridge Road
Scottsdale, AZ 85251
$4,395,000
3
Beds
4
Baths
3,166
SqFt
Status
Active
MLS #
6552945
Property Type
Apartment
Price Type
--
This 3 bedroom, 4 bath residence features an open concept floorplan and beautiful views of Camelback Mountain. Ascent is a new, private gated community adjacent to The Phoenician Resort, one of Arizona's premier luxury resorts. Ascent presents a new level of luxury living with views overlooking the Phoenician & Camelback Mountain. Home designs feature contemporary architecture integrating warm, natural materials, floor to ceiling windows and stacking door systems opening to very large outdoor patios. Thoughtfully designed by Nelsen Architects and Vallone Interior Design. Luxury finishes include exquisite bulthaup Kitchens, wood flooing, Sub Zero-Wolf appliances, Waterworks fixtures. A private rooftop terrace & the Mountain Club pool and fitness facility are amenities homeowners will enjoy
15827 E Firerock Country Club Drive
Fountain Hills, AZ 85268
$4,390,000
4
Beds
5
Baths
7,079
SqFt
Status
Active
MLS #
6754629
Property Type
Single Family Residence
Price Type
--
Experience the epitome of luxury in this newly remodeled home located in the prestigious Fire Rock Country Club. With breathtaking panoramic views of Red Mountain, sweeping cityscapes, and pristine golf course vistas that include the number 16 green and fairway and number 17 tee boxes and green, this property offers the ultimate in serene living. Designed for convenience, this home features all main-level living, ensuring both elegance and accessibility. Whether relaxing in your expansive living spaces or enjoying the tranquil beauty of the surrounding landscapes, this home embodies refined comfort in an exclusive golf community. Pictures do not do this home justice, it's a MUST SEE! Sellers open to a quick close, long close or even a sale leaseback!
14346 E Mourning Dove Drive
Fountain Hills, AZ 85268
$4,350,000
4
Beds
3.5
Baths
4,541
SqFt
Status
Active Under Contract
MLS #
6663400
Property Type
Single Family Residence
Price Type
--
2024 NEW CONSTRUCTION. Gurczak Luxury Development is proud to present this New Construction Desert Contemporary Spec Home in the Exclusive Guard Gated Community of Eagles Nest. This 4,541 Sq. Ft. Home Features 3 Bedrooms w/ ensuite bathrooms & additional bonus rooms including a Game Room & Office. The shape and orientation of the home design takes advantage of the natural topography & North/South view corridors. The mixture of multi-colored stucco, stone, and metal accents give varied texture and visual interest to the home, while the muted grey-tone colors allow the design to mesh with the landscape as well as sky when viewed from nearby angles.