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

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

Click Here to See What Your Home is Worth

10249 E Joy Ranch Road Scottsdale, AZ 85262

$2,850,000
3 Beds
5 Baths
3,850 SqFt
Status Active
MLS # 6734554
Property Type Single Family Residence
Price Type --
Discover this contemporary masterpiece, a meticulously crafted 3-bedroom, 5-bathroom home. Upon entry, floor-to-ceiling glass doors invite you into a space defined by modern elegance. Entertain effortlessly with a built-in wet bar featuring a wine fridge, complemented by a double waterfall kitchen island, White Oak cabinets, and concrete countertops. The kitchen seamlessly flows into the main living area, where natural light enhances the sleek design. Storage is abundant with a walk-in pantry adorned with custom cabinets and shelves, while each bedroom boasts its own walk-in closet with built-in cabinetry. A dedicated office space doubles as an additional bedroom, ensuring versatility. Integrated speakers in every room enhance the ambiance, while the master suite offers a retreat-like experience with a massive walk-in closet, a separate shower, and a unique standalone tub. Floor-to-ceiling sliding glass walls provide direct access to the backyard from the master bath, merging indoor and outdoor living. Step outside to discover a Pebble Tech pool and a convenient pool bathroom, perfect for entertaining and relaxation. Every detail of this home is custom-made, promising luxury and comfort in every corner.

29906 N Miradar Court Scottsdale, AZ 85262

$2,850,000
4 Beds
5 Baths
5,684 SqFt
Status Active
MLS # 6663581
Property Type Single Family Residence
Price Type --
Spectacular luxury living in this meticulously designed Spanish Ranch home, nestled in Granite Mountain Ranch with a real sense of privacy and space. Gorgeous Four Peaks mountain view estate is on 2.1 acres located at the end of a large cul-de-sac. The property's circular driveway and stone gate house create a grand entrance with a fountain and gas fireplace that welcomes guests with a sense of luxury and prestige. An architectural masterpiece, this four-bedroom custom home with attached casita was originally crafted for the architect himself, and exudes sophistication and attention to detail at every turn. The interior is captivating with elegance and warmth, and has four distinct shapes of large tumbled travertine, laid in a Versailles pattern throughout main living areas, extending gracefully to the outdoors. Pillars and niches adorned with ambient lighting create a timeless look. Main living area has amazing views to the outdoors with a massive cantera stone gas fireplace. The kitchen is a chef's delight, equipped with a warming drawer, appliance garage, a new ASKO dishwasher and a huge center island with granite slab countertops. The Wolf built-in cooktop and oven are propane gas and the range hood is accentuated with faux painting. The SubZero double refrigerator and two dishwashers ensure efficiency. The separate bar seats five and is granite-topped with ice maker and wine chiller. This residence is a showcase of thoughtful features, including a central vacuum system, four AC zones, an AV closet and a beautiful powder room. The den, complete with wood-beamed ceilings offers versatility with its closet, potentially transforming it into a bedroom. A four-car garage with epoxy floors and a spacious in-garage storage room. The utility closets house a water softener, 4 HVAC air handlers, and two hot water heaters. The primary suite on the same side as the den invites tranquility, with wood flooring, knotty alder cabinets and doors, and a gas fireplace. The primary bath is a spa-like retreat, featuring a coffee bar with built-in SubZero refrigerator, jetted soaking tub, separate closets with custom built-ins, and an indulgent six-shower head experience. Enjoy the breathtaking view of Four Peaks from the primary bathroom, complemented by a travertine outdoor shower. Your visitors will love the guest amenities, with two spacious guest suites on the opposite side of home with private baths and large walk-in closets. A 400 sq ft casita with a kitchenette, SubZero fridge, walk-in closet, and full bathroom provides your guests a private retreat. Technology seamlessly integrates with luxury in this property, with Control 4 system, managing 4 outdoor security cameras, music with in-ceiling speakers throughout the house and back patio, weather, and six mounted TVs which convey to the buyer. A formal dining room with a bricked ceiling and double doors opening to the front courtyard sets the stage for intimate gatherings around the gas fireplace and courtyard fountain. The outdoor space is an entertainer's dream. The backyard oasis offers unobstructed Four Peaks and Matzatzal mountain views, with a Jacuzzi and pool that can be controlled from inside the home. Owned solar system heats the pool for extended enjoyment in the fall and spring. A built-in grill and bar, wood-burning fireplace and firepit complete the entertainment amenities. If buyer is interested, homeowner has an additional adjacent lot for sale or see MLS listing 6611364 which includes both lots. Granite Mountain Ranch is the only gated equestrian community in Scottsdale where each homeowner can have up to 4 horses per lot. It has 100 home sites spread across 315 acres, 15 acres of equestrian facilities including 2 large arenas and 2 round pens, paved and lighted streets, underground utilities and a private water resource. It's adjacent to the McDowell Sonoran Preserve. You'll have easy access to unlimited riding trails, hiking, biking & fishing. Within a 10-to-30 minute drive are many of Arizona's top golf courses.

12037 E Yucca Street Scottsdale, AZ 85259

$2,850,000
5 Beds
3.5 Baths
4,615 SqFt
Status Active
MLS # 6781594
Property Type Single Family Residence
Price Type --
Nestled in the McDowell Mountain foothills, this luxury remodel has all of the contemporary colors and finishes the discerning buyer is looking for in their new home. The exclusive 10-home gated subdivision is the setting for a small town community feel, yet is close to schools, parks, golf courses, hiking trails, shopping, entertainment and more. From the real wood floors to the backlit cooled wine wall, no feature was overlooked in the home. The backyard will be the perfect gathering space for outdoor entertaining, and the large retractable sliders easily transition from the inside to the outside, increasing the family room area to encompass the great outdoors. This is your dream home in the Sonoran Desert!

5630 E Peak View Road Cave Creek, AZ 85331

$2,850,000
6 Beds
5 Baths
6,100 SqFt
Status Active
MLS # 6763805
Property Type Single Family Residence
Price Type --
Nestled on a picturesque acre lot in Cave Creek, Arizona, on a desirable county island bordering Scottsdale, this stunning estate is a rare gem. With paved roads and ultimate privacy, the home features an unparalleled resort-style backyard, including a full-size regulation Pickle-ball court, a luxurious swimming pool, a commercial-grade outdoor kitchen, and beautifully designed putting and chipping greens. The outdoor living space is enhanced with artificial turf, a lush garden, and a spacious patio complete with a misting system and heat for year-round enjoyment.Inside, the home boasts a celebrity-style master bedroom with a custom-designed closet, offering pure luxury and relaxation. With six spacious bedrooms and five bathrooms, the home includes walkout patios and a dream kitchen perfect for entertaining. The patio's sliding glass enclosure allows you to seamlessly enjoy Arizona's beautiful weather, keeping it open when cool or fully air-conditioned during warmer months. This extraordinary home, unlike anything on the market, offers a blend of luxury, comfort, and innovation rarely found in Arizona.

6332 E Calle Del Paisano -- Scottsdale, AZ 85251

$2,850,000
4 Beds
3.5 Baths
3,565 SqFt
Status Active Under Contract
MLS # 6774778
Property Type Single Family Residence
Price Type --
This Spectacular Beautiful Custom home in the heart of Arcadia on a large Premium Lot is the epitome of comfort & style with High-Quality finishes. Meticulously maintained, this move-in-ready estate has a chef's kitchen, a culinary dream, features a subzero fridge/freezer, a Wolfe 8-burner gas cooktop, a double oven, & a Butler Pantry, a large exquisite marble island with ample storage. The open, spacious floor plan, bathed in natural light, is accentuated by high ceilings, offering an inviting atmosphere for seamless living. This home has 4 large bedrooms & three ensuites, which ensures ultimate privacy and relaxation. The backyard oasis is an entertainer's Private paradise, with a heated pool, outdoor fireplace, Built-in BBQ, & cozy pergola TV area on the elegant brick patio. Must See Set on a large, private lot with a 3-car garage, this luxurious haven is perfectly located moments from Arizona's finest shopping, dining, and entertainment. Don't miss your chance to experience Arcadia's premier lifestyle!

3723 E Sells Drive Phoenix, AZ 85018

$2,850,000 - 4Br/5Ba -  for Sale in Arcadia 16, Phoenix
Open House
$2,850,000
4 Beds
4.5 Baths
4,169 SqFt
Status Active
MLS # 6721838
Property Type Single Family Residence
Price Type --
Gated Sycamore community townhome located in the heart of Arcadia. This exquisite 4 bed, 4.5 bath lofted home is open concept with wood flooring, large windows, glass sliders, and high ceilings. Living room features fireplace with tons of natural light, dining area, high end lighting, and chef's kitchen with stainless steel appliances, island, custom cabinets, and pantry. Primary suite includes dual vanities, freestanding clawfoot bathtub, enclosed toilet, and oversized shower. Entertain family and friends in the backyard's covered patio, custom pool, outdoor kitchen, or outdoor firepit, including misters and foggers, lush plants and desert landscaping. Home features an additional 3 guest bedrooms, 3 garage spaces, and lofted area perfect for office, theater, gym, or playroom. Enjoy Arcadia and Scottsdale's top resorts, golf, dining, or restaurants just minutes from your new home!

4335 N Morning Dove Circle Mesa, AZ 85207

$2,849,000
5 Beds
4 Baths
4,635 SqFt
Status Active
MLS # 6759191
Property Type Single Family Residence
Price Type --
Stunning estate in prime location backing to the Tonto National forest in the prestigious gated community of Hidden Canyon in Las Sendas. Cul-de-sac lot on .88 +/- acre. Extensive remodel just completed in 2024 with no detail spared. Click on the documents tab for detailed amenity list. Single level, great room concept with 5 bedrooms and 4 baths. Gourmet kitchen with beautiful custom walnut cabinetry, stunning granite countertop, stainless steel appliances, full size fridge and freezer, additional wine/beverage fridge, dual sinks and so much more. Solid walnut interior doors throughout. Spacious laundry with additional fridge and lots of additional cabinetry and storage. Large outdoor covered patio with ceiling heaters, sparkling heated pool and spa, BBQ center, fire pit and view deck.

37200 N Cave Creek Road Unit 1014 Scottsdale, AZ 85262

$2,844,437 - 3Br/4Ba -  for Sale in Desert Mountain, Scottsdale
Open House
$2,844,437
3 Beds
3.5 Baths
3,425 SqFt
Status Active
MLS # 6716311
Property Type Single Family Residence
Price Type --
**MEMBERSHIP AVAILABLE - CONTACT FOR DETAILS** WELCOME TO THE VILLAGE AT SEVEN DESERT MOUNTAIN! BUILT BY THE AWARD-WINNING CULLUM HOMES, THESE DISTINCTIVE ''LOCK-N-LEAVE'' RESIDENCES ON ALL 33 LOTS EITHER BACK UP TO THE 13TH HOLE OF THE RENEGADE GOLF COURSE, OR THE 10TH AND 11TH HOLE OF THE SEVEN DESERT MOUNTAIN® GOLF COURSE. CHOOSE FROM FOUR DIFFERENT BASE FLOOR PLANS, WITH SINGLE AND TWO-LEVEL OPTIONS AVAILABLE, AS WELL AS THE OPTION TO ADD A ''19TH HOLE'' BASEMENT ENTERTAINMENT ZONE COMPLETE WITH INDOOR GOLF SIMULATOR, GLASS-ENCLOSED COLLECTOR CAR SHOWROOM, THEATER, WET BAR AND OTHER AMENITIES. THIS MESQUITE FLOOR PLAN, IS A SINGLE-LEVEL HOME WITH LIVABLE SQUARE FOOTAGE AT 3425 SF, FEATURES 3 BEDROOMS AND 3.5 BATHROOMS, WITH A 3-CAR GARAGE. SPACIOUSLY LAID OUT SPLIT FLOOR PLAN. OPEN GREAT ROOM WITH A MODERN LINEAR-STYLE BUILT-IN FIREPLACE AND GLASS WALLS FOR VIEWS, WITH AN OPTION FOR INDOOR/OUTDOOR POCKET DOORS. FAMILY/GAME ROOM BETWEEN THE TWO GUEST BEDROOMS. FORMAL DINING AREA. KITCHEN AREA WILL HAVE A LARGE CENTER ISLAND WITH EAT-UP BAR SEATING, ALL STAINLESS-STEEL TOP-OF-THE-LINE WOLF SUB ZERO APPLIANCE PACKAGE, WALK-IN PANTRY. OWNERS SUITE WITH A SEPARATE EXIT OUT TO THE BACK YARD, DUAL SINK VANITIES IN THE BATH, SEPARATE SHOWER AND SOAKING TUB, WALK-IN CLOSET WITH BUILT-INS. TWO ADDITIONAL GUEST BEDROOMS, BOTH WITH EN-SUITE BATHS AND WALK-IN CLOSETS. LAUNDRY ROOM WITH EXTRA STORAGE SPACE AND LAUNDRY TUB AND A POWDER ROOM. HOMES ARE EQUIPPED WITH THE LATEST SMART-HOME TECHNOLOGY WITH FULL HOUSE AUTOMATION AVAILABLE. ENERGY EFFICIENT AND LOTS OF HEALTHY HOME FEATURES ALSO INCLUDED. FRONT YARD LANDSCAPING INCLUDED. HOMEOWNERS AT SEVEN DESERT MOUNTAIN WILL BECOME WITHER A LIFESTYLE OR EQUITY GOLF MEMBER AT DESERT MOUNTAIN, GAINING ACCESS TO ITS WORLD-CLASS AMENITIES INCLUDING THE NEWLY RENOVATED SONORAN SPA AND FITNESS CENTER, TENNIS COMPLEX, HIKING AND BIKING TRAILS, SIX ADDITIONAL PRIVATE GOLF COURSE, LUXURIOUS CLUBHOUSES AND RESTAURANTS. COMMUNITY IS GUARD-GATED 24/7 FOR THAT LOCK-N-LEAVE LIFESTYLE ONE SO DESIRES.

28083 N 109th Way Scottsdale, AZ 85262

$2,800,000
4 Beds
4.5 Baths
3,500 SqFt
Status Active
MLS # 6655145
Property Type Single Family Residence
Price Type --
Serene is brand new gated enclave of 21 cutting edge single level contemporary homes designed by Swayback Architects & Planners and built by Sonora West Development. Each Serene home brings a new definition to the ''Lock and Leave'' lifestyle with open Great Room floor plans perfect for both entertaining and everyday living. There are four different models to choose from with lavish interior finishes created by renown interior designers Est Est. This Model B has an office and 2 car garage at 3,500/sf (Also available at 3,290/sf with 3 car tandem garage.) Either configurations available only on lots 1, 3, 5, 8 & 19. Base price shown does not include lot premiums but does include 25K pool and a 25k landscape allowance, Subzero & Wolf Appliances & BBQ. Backing to the North side of Pinnacle.. Peak Mountain in North Scottsdale, Serene is close to shopping, restaurants and over two dozen private and public golf courses. Don't miss your opportunity to take part in the Serene lifestyle.

37200 N Cave Creek Road Unit 1055 Scottsdale, AZ 85262

$2,800,000
4 Beds
4.5 Baths
3,041 SqFt
Status Active
MLS # 6774624
Property Type Single Family Residence
Price Type --
Welcome to this exquisite modern Camelot villa, located in the prestigious SEVEN subdivision of Desert Mountain! This well thought out home offers captivating views and privacy. Upon entering, the expansive great room welcomes you, offering stunning northern views of the Continental Mountains and a luxurious patio space to enjoy. Boasting over 3,000 square feet, this home features 4 bedrooms, 4.5 baths, elegant flooring, custom cabinetry, stylish lighting, and breathtaking countertops throughout. The Primary bathroom offers heated floors, a steam shower, a dream-worthy closet, and towel warmers. The fully landscaped backyard is perfect for creating unforgettable memories, complete with a pool, BBQ, and fire pit. Adding to the luxury are the two separate casitas—an exceptional and rare feature! The innovative telescoping doors provide a seamless flow from the spacious interior to the stunning outdoor spaces, capturing the essence of Arizona's indoor-outdoor lifestyle. The gourmet kitchen is a chef's dream, equipped with state-of-the-art appliances. Every detail of this villa, from the beautiful landscaping to the meticulously designed spaces, has been curated for an unmatched living experience Furniture available under a separate agreement.

6637 E Hearn Road Scottsdale, AZ 85254

$2,800,000
4 Beds
3 Baths
3,006 SqFt
Status Active
MLS # 6765654
Property Type Single Family Residence
Price Type --
This fully remodeled home completed in 2022 is being sold with plans and renderings to expand to 6,500 sq. ft., featuring 7 beds, 6.5 baths, a 4-car garage plus a 934 sq. ft. RV garage, and a home theater. The current layout includes 4 bedrooms in a split floor plan, with a secondary master suite and two additional baths in the west wing. The owner's suite offers large windows overlooking the 2/3-acre backyard, complete with a private pool, sport court, fire pit, outdoor kitchen, and extended turf area. A seamless blend of modern design and future potential.

11250 W Prospector Drive Queen Creek, AZ 85144

$2,800,000
4 Beds
4.5 Baths
4,280 SqFt
Status Active
MLS # 6775374
Property Type Single Family Residence
Price Type --
STUNNING 4 bed 4.5 ba custom estate in GATED Santo Vallarta! Spacious open floor plan features high ceilings w/ wood beams & bright natural light. GOURMET KITCHEN w/ custom soft-close cabinetry, premium Wolf appliances incl GAS range, quartz counters & backsplash, oversized island + butler's pantry. Split master suite w/ direct access to backyard, spa-like en suite bath & walk-in closet. Resort style backyard offers outdoor kitchen, expansive covered patio, sparkling pool w/ water features & spa, gas firepit & BREATHTAKING views of the San Tan Mountains. Home features a 3cg + RV garage w/ hookups & EV charger, tankless water heaters, Control4 Smart Home system to manage the security system, AC & pool. Located on a N/S cul-de-sac lot, just minutes from local amenities, shopping & dining. Step into the expansive open-concept living space, where natural light pours through the large sliding doors that lead to the backyard, blending indoor and outdoor living effortlessly. The living area flows into the gourmet kitchen, equipped with Wolf appliances, a propane stove, and custom soft-close cabinets, all accentuated by sleek quartz countertops. For the culinary enthusiast, the butler's pantry provides extra storage and prep space, ideal for entertaining. The backyard is an entertainer's dream, complete with a custom pool featuring an acrylic glass panel, a spacious covered patio, and a fully equipped outdoor kitchen. Unwind by the pool or take advantage of the Control4 Smart Home system, which seamlessly manages the home's security, cameras, AC, and pool with the touch of a button. Automatic and manual window treatments throughout the home ensure privacy and comfort at all times. For car enthusiasts or RV owners, this property offers a rare finda 3-car garage plus a massive RV garage measuring 21x49 feet, complete with a 50-amp charger for electric vehicles, an RV dump station, and a 220V outlet. The home also features a double washer and dryer setup in the laundry room for added convenience. Luxury extends beyond the main living areas. The home is outfitted with two tankless water heaters, one located inside the garage and the other outside, ensuring an endless supply of hot water. The quartz countertops continue into the bathrooms, each designed with the same meticulous attention to detail. The primary suite offers a true retreat with direct access to the backyard, a spa-like en-suite bathroom, and ample closet space. Outside, the beautifully landscaped yard includes a outdoor shower, kitchen, garden and storage shed, offering extra utility for homeowners. Situated at the end of a cul-de-sac on a North-South-facing lot, this home ensures maximum privacy and optimal sunlight throughout the day. Key highlights of this home: Butler pantry Custom pool with acrylic glass panel All Wolf appliances Control4 Smart Home system Quartz countertops and custom soft-close cabinets RV garage (21x49) with dump station, 220V (50-amp) EV charger Smooth stucco finish and foam insulation to the deck Outdoor kitchen and shower Tankless water heaters inside and outside garage Gated community with cul-de-sac location Split floor plan for privacy Outdoor kitchen and garden This property embodies luxury, convenience, and smart living. Located just minutes from local amenities, shopping, dining, and recreational activities, you'll experience the best of Queen Creek living in this extraordinary custom home.

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