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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39724 N Rolling Green Way Anthem, AZ 85086

$589,900

4 Beds

2.5 Baths

2,815 SqFt

Status Active

MLS # 6744991

Property Type Single Family Residence

Price Type --

Stunning 4-bedroom, 2.5-bath home is located in the highly sought-after Anthem Parkside community! Boasting a detached 240 sq. ft. casita with a private entrance - perfect for guests, a home office, or a gym. Inside, you'll find stylish tile flooring with plush carpeting in all the right places. The large primary bedroom features an ensuite bathroom with double sinks and ample closet space. A versatile loft area offers additional living space or a playroom. The 2-car garage provides plenty of storage, and the home is part of a vibrant community with top-notch amenities including parks, pools, and trails. Located in the heart of Anthem, this home offers both comfort and convenience.

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4602 E Monte Way Phoenix, AZ 85044

$589,900

3 Beds

2 Baths

1,735 SqFt

Status Active

MLS # 6682751

Property Type Townhouse

Price Type --

Price Reduction!!! Excellent Golf Course Lot has the views but far enough away to be private & very few if any golf balls*Corner lot*Mountain Views*Home is a block away from South Mtn Park*Private In Ground Heated Spa*Multiple Patio Areas*Wood Shutters*Tile Floors Through-out*Vaulted Ceilings*Newer Heat Pump*Split Bdrm Plan*3rd Bdrm Can be Den or Bdrm*Nicely landscaped*Community pools & spas*

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20038 N 21st Street Phoenix, AZ 85024

$589,900

4 Beds

2 Baths

1,784 SqFt

Status Active

MLS # 6687430

Property Type Single Family Residence

Price Type --

Come see this beautiful 4 bedroom, single level home with a pool in a quiet hidden alcove neighborhood in north Phoenix. This home features: plank tile flooring, quartz countertops in the kitchen, a 3 car garage, NO HOA, full length rear covered patio, pebble tec swimming pool, ceiling fans throughout, newer windows, updated fixtures throughout, dual sinks in both bathrooms, a nice open & flowing floor plan, vaulted ceilings, & brand new hot water tank (2024). This neighborhood is extremely quiet, with gorgeous mountain views, easy access to the 101, & has a lot of great restaurants and shopping close by (Costco is up the street, multiple public parks, Desert Ridge shopping & restaurants). Also close by is the Arrowhead Mall area, Westgate shopping & Arizona Cardinals stadium. NO HOA!!

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20830 N 98th Avenue Peoria, AZ 85382

$589,900

4 Beds

2 Baths

1,828 SqFt

Status Active

MLS # 6755466

Property Type Single Family Residence

Price Type --

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298 W Tulsa Street Chandler, AZ 85225

$589,900

5 Beds

3 Baths

1,626 SqFt

Status Active

MLS # 6782769

Property Type Single Family Residence

Price Type --

Fully remodeled and permitted home redone from studs, all new underground plumbing, new electrical, new gas lines, new meter, new flooring, new showers, bathrooms tile, new kitchen white shaker cabinets and quartz countertops, guest house features kitchen and bathroom and laundry room, studio apartment can use as a rental and or mother in law suite, this home features a nice backyard with RV gate no HOA, 2 carport, and new ac's and new roof, all new insides paint drywall and many more. Come see this 4 bed 2 bath home and casita before its gone!

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11667 W Luxton Lane Avondale, AZ 85323

$589,900

4 Beds

3.5 Baths

2,937 SqFt

Status Active Under Contract

MLS # 6741312

Property Type Single Family Residence

Price Type --

Explore Alamar! A community where neighbors become friends & friends become family! Downstairs you will find 2 primary bdrms w/walk in closets & private baths. Main primary has generous custom closet space. Flex room w/built in desks for everything from homework to zoom meetings! Chef's kitchen features built in gas oven, 36'' cooktop & generous center island. The view through the 16' glass doors brings you a yard w/entertaining in mind. 2 gas stubs to add a BBQ & fire feature. Solar has offered savings on the electricity. Alamar features well thought out parks for grilling & playing-4 around this home alone. Enjoy the community pool & BBQ ramada at Haymoon Park. Head to Alamar park for pickleball, fishing, outdoor exercise area, splash pad & 2 dog parks. Come live in ALAMAR!

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12826 N 29th Street Phoenix, AZ 85032

$589,900

3 Beds

2 Baths

1,545 SqFt

Status Active

MLS # 6715302

Property Type Single Family Residence

Price Type --

Welcome to a meticulously renovated sprawling ranch home where no detail has been overlooked. This home has undergone a comprehensive transformation! Upon entry, you're greeted by new waterproof flooring that extends throughout. Natural light floods the interior through newly installed energy efficient dual pane windows. New custom windows & coverings combined style w/ functionality. The fully remodeled kitchen, featuring new custom Thomasville shaker cabinets, Quartz countertops & designer backsplash. Equipped w/ top-of-the-line LG appliances including a fridge, stove, dishwasher, & in-drawer microwave. The primary bath has been completely reimagined to offer a luxurious retreat, while an additional bath off the hallway is also fully renovated. Private pool just in time for summer!

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13333 W Chapala Court Sun City West, AZ 85375

$589,900

3 Beds

2 Baths

2,143 SqFt

Status Active Under Contract

MLS # 6764055

Property Type Single Family Residence

Price Type --

Popular Encanto Model with foyer and large great room. Beautiful granite and stainless steel kitchen. 3'' wood shutters throughout. Extended den with closet and door. Extended depth garage. Oversized fully landscaped and irrigated lot. Corte Bella offers a relaxed, luxury feel including newly renovated restaurant, complete athletic facility including day spa and huge community pool. Come live the Corte Bella lifestyle!

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4941 Saddle Blanket Circle Happy Jack, AZ 86024

$589,900

3 Beds

2 Baths

1,531 SqFt

Status Active

MLS # 6682510

Property Type Single Family Residence

Price Type --

Are you ready to escape the heat and bring your horses with? This is the home for you. Almost an acre and a half with great corrals, tack shed ,horse wash area, and so much more. This beautiful log sided cabin/home is decorated for the horse lover and comes completely furnished. It has been taken care of and is filled with love , perfect for a permanent home or weekend or summer home. Get your horses out of the heat, take them for some amazing forest rides with our great riding group up here. This is a must see ''mini ranch''. 3 bedroom/2bath cozy but with enough room for your guests. Come see it now. Sit in your front yard and watch the elk graze on the beautiful grass or sit in the back barbuque area and watch as your horses play.in the 60 x 120' ft corrals. Must see in person.

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16532 W Rowel Road Surprise, AZ 85387

$589,900

5 Beds

3 Baths

3,201 SqFt

Status Active

MLS # 6776532

Property Type Single Family Residence

Price Type --

Welcome home to this beautifully crafted retreat! The modern farmhouse theme brings warmth and style, creating an inviting space with its wood tile floors, wainscoting walls, and barnwood accents. The spacious layout—with five large bedrooms, including a convenient downstairs bedroom and full bath—offers ample room for family and guests alike. The kitchen, with its granite countertops, white cabinetry, and double ovens, looks out over the oversized great room, making it ideal for socializing while preparing meals. The cozy gas fireplace in the great room adds charm, and the adjacent large den or office with barn doors is perfect for work or relaxation. Upstairs, the loft area and designer closets in each bedroom maximize comfort and organization. The master suite's luxurious bath, featuring a walk-in shower, large tub, and dual vanities, is designed as a serene getaway. The backyard desert oasis is a real showstopper, complete with a full outdoor kitchen, built-in grill and smoker, and ample seating around a firepit. The covered patio, synthetic grass, water feature, and enhanced lighting make this space a perfect retreat for entertaining or unwinding year-round. This home seems thoughtfully designed to blend style, functionality, and relaxation in one gorgeous setting!

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2547 E Corrine Drive Phoenix, AZ 85032

$589,600

4 Beds

2 Baths

1,700 SqFt

Status Active

MLS # 6765202

Property Type Single Family Residence

Price Type --

Price reduced, buy while the market favors you! Floorplan has been opened up and feels like a modern great room layout inside mixed with the charm and uniqueness of a non HOA neighborhood close to the 51, mountain preserve and more. The remodel was done in 2020 with new flooring and layout changes. Kitchen boasts Stainless steel appliances, recessed lighting, granite countertops 4 bedrooms give you options for either a guest room or office. Out back there is a covered patio, relaxing pool, real grass, and the RV gate access via the side of the lot. The 2 car garage and paver slab parking add to the appeal if you have lots of cars or other toys. 30 amp car charger/RV plug for charging EV's. Located close to the 51, PMP and minutes from shopping and nightlife.

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15935 W Montana De Oro Drive Surprise, AZ 85387

$589,595

4 Beds

3 Baths

2,165 SqFt

Status Active

MLS # 6764951

Property Type Single Family Residence

Price Type --

READY FOR IMMEDIATE OCCUPANCY!! Brand New Home! This 4br, 3ba., 3 car garage home has all the designer touches. Truly move in ready. Features include, 2'' blinds on all the windows, SS appliances,, upgraded kitchen cabinets, deco tile back splash, Plank floor tile, fans in all the rooms, 16' atrium doors, front yard landscaping plus so many more exciting included features - 10' ceilings, 8' doors, granite tops in the kitchen, gourmet kitchen, garage service door, tank less water heater, and so much more.

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