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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41216 N Prestancia Drive Anthem, AZ 85086

Open House

$624,900

3 Beds

2 Baths

2,082 SqFt

Status Active

MLS # 6764616

Property Type Single Family Residence

Price Type --

Fall in love with this wonderfully upgraded and updated Telluride model in Anthem Country Club. Wonderful floor plan with multiple entertaining spaces. Enter the home from the front courtyard to a cozy living room and formal dining room. Kitchen has it all with tons of cabinets, beautiful granite counter tops and awesome island/breakfast bar. Main bath has been remodeled and is a must see and the secondary bath has granite counters and dual sinks. The family room off the kitchen and is where everyone hangs out and you can exit to the wonderfully landscaped backyard with built in BBQ and beautiful golf, mountain and sunset views awaiting you!! This home is the perfect size for full time living or locks and leave for the summer. Cozy up to the outdoor fireplace on an elevated patio to watch the magical AZ Sunset! WELCOME HOME! Anthem Country Club is home to two 18 hole championship golf courses with two restaurants, 2 work out rooms, 2 pools, tennis, pickle ball, bocce ball and lots of fun people!

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4690 Sidekick Drive Wickenburg, AZ 85390

$624,500

2 Beds

2.5 Baths

2,150 SqFt

Status Active

MLS # 6748703

Property Type Single Family Residence

Price Type --

Nestled in picturesque Wickenburg Ranch, on a corner lot, this exquisite home offers a perfect blend of modern amenities and serene desert living, with an open floor plan; featuring 2 spacious bedrooms, 2.5 well-appointed bathrooms, with sizeable den/office space. The upgraded kitchen has a large island with ample seating, state-of-the-art appliances, and extended counter space and cabinets. Custom shutters adorn the windows providing both privacy and an elegant touch to the home's interior. Indoor outdoor stereo speakers. A fully fenced yard where the backyard is perfect for both relaxation and entertaining with beautiful desert landscaping and a sparkling pool to create a tranquil retreat. This home is a true gem in Wickenburg Ranch, offering a lifestyle of comfort & convenience.

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15221 N Clubgate Drive Unit 1023 Scottsdale, AZ 85254

$624,500

2 Beds

2 Baths

1,401 SqFt

Status Active

MLS # 6768194

Property Type Apartment

Price Type --

Open and bright floor plan with spacious great room with wood look flooring and freshly painted. Perfect for entertaining home with eat in kitchen overlooking the great room and easy access to the patio area surrounded by lovely landscaping. The Master Suite is spacious with a walk in closet. Oversized 2 car garage. The community pool, spa and exercise facility exudes a resort feeling to relax and enjoy. Walking distance to the Westin Resort and golf course, the high end shops and restaurants of Kierland Commons and Scottsdale Quarter. Living the life of Kierland, urban lifestyle and conveniences with a resort atmosphere.

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2113 E Kempton Road Chandler, AZ 85225

$624,500

4 Beds

2 Baths

2,279 SqFt

Status Active

MLS # 6772214

Property Type Single Family Residence

Price Type --

Motivated Sellers! Right between Downtown Chandler and Gilbert, easy access to freeway, across the street from brand new state-of-the-art park for the kids! Perfect starter home, 2nd home, or investment! Single level, split floor-plan, with expansive open lay out! Low landscape backyard with large covered patio, enough grass for the kids and dogs, diving pool with new variable speed pump, and mature landscaping with orange tree make this the ideal backyard for all buyers! Brand new AC unit!

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1467 County Rd 3140 -- Vernon, AZ 85940

$624,000

3 Beds

2 Baths

2,840 SqFt

Status Active

MLS # 6750877

Property Type Single Family Residence

Price Type --

LOCATION, LOCATION, A Hunters Dream. gorgeous 5 acres border national forest with lots of ponderosa pines. QUIET area and great VIEWS from 2nd story, Kitchen for a chef- large cabinets (lights top & bottom), double ovens, freezer, and large pantry with electric outlets, Handicap accessible-doors & hallway. Enjoy the fresh air with Double hung windows. Grow your own vegetables in the greenhouse and use the chicken pen for your eggs. Also enjoy 7 apple trees, blackberries, rhubarb and so much more. Two car garage (fits 2 large trucks) or for your toys. No HOA. 20 degrees cooler than Phx. Act fast before this gem is gone. Want another 5 ac next to this? see MLS #6756610.

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30317 W Roosevelt Street Buckeye, AZ 85396

$624,000

3 Beds

2 Baths

1,659 SqFt

Status Active

MLS # 6730388

Property Type Single Family Residence

Price Type --

Welcome home to this 3 bedroom, 2 baths, horse property nestled on an over 1-acre lot! Inside, you will be welcomed by the striking vaulted ceilings, tile flooring, Y neutral palette. The spacious great room enjoys plenty of windows & backyard access for a bright and airy entertaining experience. The eat-in kitchen features plenty of wood cabinets w/crown mouldings, SS appliances, granite counters, & a peninsula w/breakfast bar. Have a great night's sleep in the main bedroom boasting soft carpet & an ensuite w/dual sinks & a walk-in closet. The sizable backyard provides a relaxing covered patio storage shed, above-ground spa, corral & stalls for horses. Lighted riding arena with an RV plug. Do not miss this vast lot, perfect for all your projects or RV parking. Don't wait til its too late

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170 W Midway Street Payson, AZ 85541

$624,000

3 Beds

2 Baths

2,150 SqFt

Status Active

MLS # 6718786

Property Type Single Family Residence

Price Type --

A little over an acre with great panoramic views of the Rim. Wonderful house with plenty of storage space. Very cozy front room with vaulted ceilings and a great fireplace. Kitchen with walk-in pantry. Large rooms with plenty of storage. Spiral staircase off the front room leads to a loft space above.

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3135 W Molly Lane Phoenix, AZ 85083

$624,000

4 Beds

2.5 Baths

2,985 SqFt

Status Active

MLS # 6741058

Property Type Single Family Residence

Price Type --

Priced below others in the area for quick sale, this highly upgraded home has a play pool, heated spa, built in bar in the living room with a wine chiller and a liquor cabinet for entertaining, formal dining convenient to the kitchen, easy to maintain, like new real wood floors throughout, and granite kitchen and bathroom counters. The Large Master bedroom is upstairs with a huge walk-in closet a master bath with a separate shower, jetted tub and a bidet. A spacious loft which could be converted into a bedroom. An office, half bath, with upgraded vanities and all living areas are down stairs. all bedrooms are upstairs. Has two AC units for lower utilities. Window shades, BBQ Island with Fridge and Fire pit Come and see. You will love it.

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6718 N 59th Drive Glendale, AZ 85301

$624,000

6 Beds

3.5 Baths

2,624 SqFt

Status Active

MLS # 6748306

Property Type Single Family Residence

Price Type --

Motivated Seller!! NEW Built, NO HOA. Main house has 4 bedrooms with 2.5 baths and a guest house with 2 bedrooms and 1 bath. The delightful kitchen includes refrigerator, dishwasher, range, a central island with a breakfast bar for casual dining, and granite countertops that extend to bathrooms. Highly desired Glendale area close to restaurants, shops and State Farm Stadium. Additionally it has an RV gate in the front AND the back next to the guest house.

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146 E Riviera Drive Tempe, AZ 85282

$624,000

3 Beds

2 Baths

2,638 SqFt

Status Active Under Contract

MLS # 6748461

Property Type Single Family Residence

Price Type --

*Seller willing to offer concessions towards rate buy down or closing costs* Experience the refreshing vibes of Tempe in this gorgeous completely remodeled, move-in ready basement home! All new flooring and baseboards, new 5-ton HVAC, new roof, new white shaker kitchen cabinets with ample storage & under cab lighting, new quartz counters and backsplash, stainless gas range & hood, farmhouse sink w/touchless faucet, all updated lighting and fans throughout. Nest thermostat, all new interior/exterior paint, massive finished basement w/Galaxy Concrete coating. Bathrooms are remodeled w/modern tile, walk-in rain shower upstairs, new tub, new fixtures, new toilets and sinks! Step outside through the new French doors to an oversized backyard & sparkling blue pool w/ new variable speed pump. All new rock and turf too! Come experience this corner lot north/south facing next to the Tempe bike corridor and just 2 mi to the light rail. The neighborhood utilizes the Tempe Orbit shuttle that goes straight to ASU or the light rail! This home is walkable to nearby restaurants and breweries with immediate freeway access. Central location near water activities on Tempe Town Lake and Papago Mountain Bike Trails. This city intertwines laid-back vibes with an active lifestyle in a place where everyone is welcome and community is at the core!

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3614 W Alyssa Lane Phoenix, AZ 85083

$624,000

4 Beds

3.5 Baths

2,744 SqFt

Status Active

MLS # 6737844

Property Type Single Family Residence

Price Type --

Become the proud owner of this gorgeous residence in Riordan Ranch! Fantastic curb appeal featuring great curb appeal, meticulously maintained landscape, and stunning mountain views. Discover an inviting living room with soaring ceilings, clerestory windows for ample natural light, and a blend of carpet and wood flooring. The great room has sliding doors leading to the backyard w/sparkling pool. The kitchen boasts granite counters, ample wood cabinetry with crown moulding, recessed lighting, SS appliances, a pantry, and a peninsula w/ a breakfast bar. Downstairs features a complete private Guest suite w/bedroom, den & bathroom perfect for in law, guests, nanny etc. Close to 1-17 & 303 & fabulous shopping, dining, movies, schools, medical, short hop to new TSMC plant. The backyard oasis is highlighted by a covered patio, a pristine lawn, and a refreshing pool for cooling down on hot summer days. Make this gem yours!

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20266 W Hollyhock Street Buckeye, AZ 85396

$623,995

3 Beds

2.5 Baths

2,390 SqFt

Status Active

MLS # 6717191

Property Type Single Family Residence

Price Type --

8760 sqft lot- Gourmet kitchen, quartz countertops, full tile backsplash, white cabinets w/extension at nook, pendant lights at island, stainless steel appliances w/pyramid hood & gas cooktop - Multi-slide door at great room - Drop-in tub at primary bath - Pre-plumb locations at laundry room, soft water loop, gas to patio - 9 x 35 tile floors throughout except for carpet in bedrooms - Satin nickel fixtures throughout - Ceiling fan pre-wires at bedrooms, patio and great room - 10-foot ceilings - Two-tone paint - Garage service door

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