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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20616 N Ventana Drive Sun City, AZ 85373

$579,900

2 Beds

2 Baths

2,019 SqFt

Status Active

MLS # 6750555

Property Type Single Family Residence

Price Type --

2024 OWNED solar! Years w/free electricity & NO loan pmt; 2024 NEW Roof underlayment. 2021 NEW HVAC. Invitingly spacious & delightfully updated home featuring 2 bedrooms w/walk-in closets, 2 updated bathrooms (new walk-in shower in Primary Bath) plus ofc/3rd bed. Filled w/light, elegant finishes & many extras! A tranquil interior pallet of natural hues & tones provides an ideal setting to enjoy the SW lifestyle. Live the Arizona dream as you view stunning sunrises & sunsets from your backyard, surrounded by vibrant colorful landscaping, covered tile patio, exquisite fountain, landscape lighting & misting system that will compliment any outdoor experience. Updated kitchen w/SS appliances, RO, pull-out shelves, island w/drawers, soft close cabinets. Whole home water filtration/softener. Residents in the Ventana Lakes Community enjoy friendly neighbors, four pools, jetted spas, fitness center, sports courts, catch and release fishing & a variety of clubs and activities.

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11337 E Unger Avenue Mesa, AZ 85212

$579,900

4 Beds

3 Baths

2,074 SqFt

Status Active

MLS # 6771730

Property Type Single Family Residence

Price Type --

Discover modern living with stunning mountain views in this beautifully upgraded Ashton Woods home at Destination at Gateway, built in 2022. Boasting 4 spacious bedrooms, 3 full baths, plus a versatile den/flex space, this home offers everything you need. The open-concept design features wood-like tile floors throughout, a large center sliding door for seamless indoor-outdoor living, and kitchen includes sleek shaker cabinets, built-in Roku lighting, and quartz countertops. Why wait for a new build when this home is move-in ready and feels brand new? Ideally located near the new Fry's, and major freeways (24, 202, and 60), with access to excellent school districts. A must-see in a prime location!

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25809 S Cloverland Drive Sun Lakes, AZ 85248

$579,900

3 Beds

2 Baths

2,127 SqFt

Status Active

MLS # 6773972

Property Type Single Family Residence

Price Type --

Welcome Home!!! This gorgeous 3 bedroom 2 bath home at the desirable 55+ active adult community of Cottonwood Palo Verde at Sun Lakes is in a fantastic location. Close to restaurants, shopping, parks, multiple golf courses & easy access to the I-10 Fwy. You'll love the layout of this home. Your kitchen offers stainless steel appliances (new dishwasher), tiled granite counter tops, a breakfast bar, filtered water & plenty of cabinetry for storage & organization. Your spacious master suite offers a plethora of natural light, a dual vanity & a tiled walk in shower w/grab bar. This golf course lot home also offers ceiling fans, a dry bar, a 2 car garage with epoxy flooring, a water softener, a work bench & cabinets for extra storage & organization. Your low maintenance backyard offers extended pavers & a view fence that looks out over the 6th hole of the Cottonwood Country Club. Your active adult community offers a clubhouse, golfing, tennis & pickleball courts, a fitness center, lap & swimming pools to enjoy, as well as many clubs & social activities to be apart of. This gem in the desert is a Great Buy & a Must See!!! **Furniture is available on a separate bill of sale.

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13148 N 153rd Drive Surprise, AZ 85379

$579,900

4 Beds

3 Baths

2,588 SqFt

Status Active

MLS # 6768920

Property Type Single Family Residence

Price Type --

Beautiful move-in ready home in Marley Park Community is now on the market! Offering an excellent curb appeal w/manicured front yard, a 3-car garage, & a relaxing porch! Take a look at the updated interior to discover tall ceilings, stylish tile flooring, recessed lighting, and a bright living room w/accented wall. The family room comprises a media niche, backyard access, & a cozy fireplace perfect for the cold winter nights. Enjoy a delightful meal in the formal dining room! Impeccable kitchen showcases wood cabinets w/crown molding, built-in appliances, granite counters, mosaic tile backsplash, & a 2-tiered peninsula w/a breakfast bar. Flexible den is ready to make it your own. Oversized primary retreat features a soft carpet & a pristine ensuite w/dual sinks. 3% to buyers agent.

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10637 W Eucalyptus Road Peoria, AZ 85383

$579,900

3 Beds

2 Baths

1,993 SqFt

Status Active

MLS # 6778643

Property Type Single Family Residence

Price Type --

Fall in love with this incredible single-level residence in the highly sought-after Tierra Del Rio! The desirable interior impresses you with an inviting foyer leading to the bright & spacious open floor plan, perfect for welcoming & entertaining. With tall ceilings, trending paint, plantation shutters, classic tile flooring, Large slider to the back patio, & a practical den, 3 car tandem garage. Gourmet kitchen is equipped with quartz counters, stylish tile backsplash, white cabinetry with crown molding, & an island with a breakfast bar. The primary bedroom has hardwood flooring, a chic ensuite with a wooden panel accent, a walk-in closet, & outdoor access. Unwind in the serene backyard, offering a covered patio, pavers, a built-in BBQ, and a fire pit. This value will not disappoint

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18581 W College Drive Goodyear, AZ 85395

$579,900

3 Beds

2 Baths

2,279 SqFt

Status Active

MLS # 6778682

Property Type Single Family Residence

Price Type --

Discover this stunning 3-bedroom, 2-bath home in the highly sought-after Sedella Community. This gem offers everything you could want, including a spacious 3-car garage, RV gate, and dedicated RV parking. Step inside and be captivated by the bright, open floor plan adorned with stylish tile flooring, a custom entertainment niche, and an abundance of natural light pouring in through large windows. The chef's kitchen is a dream come true, featuring upgraded cabinetry, granite countertops, a prep island with a breakfast bar, recessed and pendant lighting, a walk-in pantry, and stainless steel appliances, including a gas cooktop and wall oven. There's even a cozy nook, ideal for a pocket office or a special space for your furry friend. Retreat to the main bedroom, a serene haven with plush carpeting, dual vanities, and a spacious walk-in closet. Outside, enjoy a generous backyard designed for relaxation and entertaining, complete with a covered patio and built-in bar - perfect for year-round gatherings. Don't miss out on this exceptional home!

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1799 W Canary Way Chandler, AZ 85286

$579,900

4 Beds

2 Baths

2,080 SqFt

Status Active

MLS # 6784885

Property Type Single Family Residence

Price Type --

Your new home awaits! Spacious and bright open floor plan with vaulted ceilings throughout. Large kitchen offers plenty of cabinetry, center island, and newer stainless appliances including a gas range. Luxurious primary suite with private bath featuring dual vanities, walk-in shower, soaking tub set into a bay window, and walk-in closet. New paint and carpet throughout. Covered patio overlooks sparkling play pool and grass play area. Oversized 3 car garage for additional storage and parking. Premiere South Chandler location close to shopping, dining, and freeways. A great value and a must see!

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13532 N 146th Lane Surprise, AZ 85379

$579,900

4 Beds

3 Baths

2,743 SqFt

Status Active

MLS # 6764564

Property Type Single Family Residence

Price Type --

Marley Park Beauty - 4 bedrooms 3 bath home that sits on a premium lot next to green belt. Short walk to community pool / Charter School. Shopping & dining + new Costco minutes away. Home has upgraded kitchen & flooring - this to be best home on your tour.

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2118 W Hemingway Court Anthem, AZ 85086

$579,900

5 Beds

3 Baths

2,120 SqFt

Status Active

MLS # 6779175

Property Type Single Family Residence

Price Type --

Stunning 5-Bedroom Home with Modern Amenities Near Parks and Schools! Welcome to your dream home! This spacious 5-bedroom, 3-full-bathroom residence offers the perfect blend of comfort and style, ideal for families and entertaining alike. Nestled in a friendly neighborhood, you'll enjoy walking distance to parks and schools, making it a convenient choice for active lifestyles. Step inside to discover an updated kitchen that will delight any chef, featuring sleek stainless steel appliances, a gas stove, and ample counter space for meal prep. The open layout flows seamlessly into the dining and living areas, creating an inviting atmosphere for gatherings. The master suite boasts a private bath, providing a serene retreat after a long day. Four additional well-sized bedrooms offer plenty of space for family, guests, or a home office. With three full bathrooms, mornings will be a breeze for everyone! The three-car garage provides ample storage for vehicles and outdoor gear, making it easy to keep everything organized. Outside, the yard offers room for play and relaxation, perfect for enjoying warm evenings or weekend barbecues. Don't miss the chance to make this beautiful home yours and experience all that this wonderful property has to offer!

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12687 W Paradise Lane Surprise, AZ 85378

$579,900

4 Beds

3 Baths

2,683 SqFt

Status Active

MLS # 6597550

Property Type Single Family Residence

Price Type --

Welcome to this beautiful, brand-new custom home featuring 4 spacious bedrooms and 3 bathrooms, including two master suites ideal for multi-generational living or added privacy. With over 2,600 sqft of well-designed space, this home is built with 2x6 construction for enhanced durability and energy efficiency, paired with a high-efficiency HVAC system to keep you comfortable year-round. The open-concept layout flows seamlessly, offering a large living area, a chef's kitchen with modern appliances, and plenty of natural light. Situated close to top-rated schools, shopping, and entertainment, this home combines luxury and convenience in one stunning package. Don't miss out on this exceptional opportunity

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20581 N Enchantment Pass Maricopa, AZ 85138

$579,900

4 Beds

3 Baths

2,528 SqFt

Status Active

MLS # 6650676

Property Type Single Family Residence

Price Type --

Stunning home located in the highly desirable Province adult community! Original owners who have taken immaculate care of this home. This is a split floor plan and is one of the very few built with a separate entry guest house / casita room. Located across the street from a greenbelt with a beautiful open floor plan and no neighbors behind. Entertainers kitchen with granite countertops and S/S appliances. Home features newly painted inside and out, shutters throughout, upgraded doors, large laundry / utility room, upgraded installation. Home has two large AC units with three zones to control heating and cooling. Backyard is professionally designed with private patio are with pavers, fire pit, beautifully landscaped with a newly private spa - 2 years old.

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1521 W Garfield Street Phoenix, AZ 85007

$579,900

2 Beds

2.5 Baths

2,059 SqFt

Status Active

MLS # 6716799

Property Type Single Family Residence

Price Type --

Amazing 2 bed, 2.5 bath home updated & reimagined by one of the members of its original family! The formal entry opens to an large greatroom. There's a spacious kitchen with 5 burner gas range, upgraded cabinetry, gorgeous granite counters, stainless steel appliances & elegant tile backsplash. A fantastic place to gather & entertain! The ground floor has an owner's suite w/ tiled shower, powder room & large office/utility room. The upstairs was designed as a second owner's suite, complete with its own ensuite & balcony. It's large enough to enclose an additional bedroom or use as a mother-in-law suite. The home has been updated with a reinforced foundation, newer roof & HVAC (mini-splits). Perfect as a SFD or multi-generational home & just minutes from downtown. Welcome home!

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