Homeownership Offers Stability and Wealth Creation

Homeownership Offers Stability & Wealth Creation | Simplifying The Market

The most recent Housing Pulse Survey released by the National Association of Realtors revealed that the two major reasons Americans prefer owning their own home instead of renting are:

  1. They want the opportunity to build equity.
  2. They want a stable and safe environment.

Building Equity

In a recent article by The Mortgage Reports, they report that “buying and owning a home is the essence of ‘The American Dream.’ Each month, your housing payments go toward owning your home instead of renting it; building your personal wealth and assets instead of someone else’s.

History has shown that homeownership is a clear path to wealth-building, with homeowners boasting a net worth [that is] multiples higher than the net worth of renters.”  

Family Stability 

Does owning your home really create a more stable environment for your family?

survey of property managers conducted by rent.com disclosed two reasons tenants should feel less stable with their housing situation:

  • 68% of property managers predict that rental rates will continue to rise in the next year by an average of 8%.
  • 53% of property managers said that they were more likely to bring in a new tenant at a higher rate than to negotiate and renew a lease with a current tenant they already know.

We can see from these survey results that renting will provide anything but a stable environment in the near future.

Bottom Line

Homeowners enjoy a more stable environment, and at the same time are given the opportunity to build their family’s net worth. When you’re ready to invest in your future, give me a call – J.P. Cook – 602-320-4253.

What’s Your Home Worth?

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5216 E Barwick Drive Cave Creek, AZ 85331

$1,399,000
4 Beds
4 Baths
4,354 SqFt
Status Active
MLS # 6743171
Property Type Single Family Residence
Price Type --
Welcome to this stunning semi-custom 4 bedroom, 4 bathroom, plus a casita Toll Brother's home. Located on .35 acres in the highly sought-after gated community Montevista. This beautiful property features 2 primary suites, one on the main floor. It's nestled on a spacious cul-de-sac lot that backs to a wash, with a sparkling pool, and large green space. This home provides plenty of room for outdoor entertaining and the mountain views and desert sunsets are gorgeous. Step inside to discover a meticulously maintained interior with high-end finishes throughout. The open concept floor plan offers a seamless flow from the living room to the gourmet kitchen, complete with granite countertops, stainless steel appliances, and a large island with additional seating; ideal for entertaining. Both primary suites luxurious ensuite bathrooms with dual vanities, a soaking tub, walk-in showers and more. The two additional bedrooms on the main floor open to a beautifully upgraded full bathroom. The casita opens to a partial kitchen, built in shelves and hardwood floors, perfect for guests or a home office. Upstairs is the second spacious primary bedroom that has a separate sitting area, walk-in closet, vanities and two walk out balconies ideal for both sunrises and sunsets. This home sides to a green space which provides the utmost privacy. Enjoy the peaceful surroundings and breathtaking sunsets from the comfort of your own backyard. This home is located close to all the local schools, minutes from Cave Creek, Desert Ridge, Kierland, Scottsdale Quarter, parks and so much more!

34813 N 73rd Street Scottsdale, AZ 85266

$1,399,000
3 Beds
3 Baths
2,588 SqFt
Status Active
MLS # 6769529
Property Type Single Family Residence
Price Type --
Nestled within the gated community of North Scottsdale's Enclave on the Eighth, this immaculately maintained home offers 2,588sf of easy, luxurious living featuring a resort level backyard oasis. Built in 2016, this modern home features 3 bedrooms plus a versatile den, 3 baths, and a split floorplan perfectly suited for today's lifestyle. With no interior steps and soaring 12-foot ceilings, the open-concept design seamlessly blends indoor and outdoor living spaces, creating a true sense of expansive comfort and elegance. At the heart of the home, the great room's full wall of windows opens to a stunning outdoor oasis through two sets of expansive bi-folding patio doors, allowing you to transition between indoor and outdoor living with ease. Step into a backyard that rivals a high-end resort, where the dynamic water feature cascades beside a custom stone fire pit with seating designed for gatherings under the stars. A built-in stone BBQ and spacious artificial turf area offer a perfect setup for outdoor entertaining, while the covered patio provides a comfortable retreat for quiet moments of relaxation, all framed by a combination of mountain views and easy-care landscaping. Inside, the open kitchen impresses with a grand center island, offering seating for sixideal for both casual dining and socializing. Top-tier appliances, including a Wolf 5-burner gas cooktop, double Wolf ovens, a Subzero refrigerator, and a Bosch dishwasher, make gourmet meals a breeze. The owner's suite is a true retreat, complete with an oversized walk-in closet and an indulgent dual-head shower, providing a perfect space to unwind after a long day. Beyond the home's luxurious features, the property offers quick golf cart access to the renowned Boulders Golf Course and is just moments away from upscale shopping, dining, and entertainment. This exceptional home is the perfect blend of style, comfort, and location, offering a unique opportunity to experience the best of North Scottsdale living.

16317 N 108th Place Scottsdale, AZ 85255

$1,399,000
5 Beds
3 Baths
3,896 SqFt
Status Active Under Contract
MLS # 6737702
Property Type Single Family Residence
Price Type --
Wonderful views! Update a fabulous executive home to your tastes. Unbeatable square foot price in both McDowell Mountain Ranch and Scottsdale for a 5BR/3BA. Newer Trane A/C units (2022), solar panels and incredible views add value to this light filled, private home with pool/spa. Easy walk to community center. This model sold for $350000 more in June.

7740 E Gainey Ranch Road Unit 24 Scottsdale, AZ 85258

$1,398,000
2 Beds
2 Baths
1,922 SqFt
Status Active
MLS # 6780323
Property Type Single Family Residence
Price Type --
READY TO MOVE IN SINGLE LEVEL ON GOLF COURSE -THIS 2BD PLUS DEN W VIEWS FACING SW-WALK UP PRIVATE WALKWAY TO NEW GLASS FRONT DOOR-WALK INTO SPACIOUS OPEN FLOOR PLAN -HARDWOOD FLOORS THRU-OUT-LIVING ROOM HAS FIREPLACE & ACCESS OUT TO PVT BACK YARD-PERFECT FOR ENTERTAINING -REMODELED KITCHEN W GRANITE COUNTERS-STAINLESS APPLIANCES,UPDATED CABINETS,BREAKFAST BAR-LOVELY DINING AREA -ANTIQUE CHANDELIER-LARGE MASTER SUITE W PVT SIDE PATIO -MASTER BATH W SEP TUB/WALK IN SHOWER-DOUBLE SINKS W GRANITE COUNTER-LARGE WALK IN CLOSET-OVERSIZED GUEST BEDROOM HAS DOUBLE CLOSETS-UPDATED GUEST BATH W TUB/SHOWER-DEN/OFFICE AREA CAN BE ALSO USED AS BEDROOM-DIRECT ACCESS INTO HOUSE FROM 2CGARAGE-GREAT LOCATION -WALK TO ESTATE CLUB-ENJOY GAINEY AMENITIES-TENNIS,PICKLE BALL,FITNESS CENTER-24 HR GUARD GATEDCOMM

5250 E Deer Valley Drive Unit 251 Phoenix, AZ 85054

$1,395,745
3 Beds
2.5 Baths
2,177 SqFt
Status Active Under Contract
MLS # 6651544
Property Type Apartment
Price Type --

8511 S 9th Drive Unit 15 Phoenix, AZ 85041

$1,395,000
4 Beds
4.5 Baths
3,300 SqFt
Status Active
MLS # 6642072
Property Type Single Family Residence
Price Type --
Introducing Heard Farm at South Mountain, a brand new community of 24 modern farmhouses with sophisticated architecture designed for healthy, sustainable living! Nestled in South Mountain with quick access to downtown Phoenix, Heard Farm seamlessly blends indoor and outdoor living with fresh floor plans designed for the way you want to live. Floorplan available as 5 bedroom.

35809 N Evermore Madison Street San Tan Valley, AZ 85140

$1,395,000
4 Beds
4 Baths
3,774 SqFt
Status Active
MLS # 6761432
Property Type Single Family Residence
Price Type --
Beautiful custom home with everything you'd want and more in your ''forever home''. Stanley Custom Homes are unique in craftmanship and design. We start with curb appeal, with a stunning black metal roof that sets you apart from every other home, from there we see the beautiful front yard landscape including a tree lined street with beautiful pistachio trees. Your kitchen will include more cabinets than you'll ever use with a focus on an oversized kitchen island. Your laundry room will also have a ton of cabinets along with spacious countertops. The master shower has a separate shower and stand alone tub with tile going from floor to ceiling. I almost forgot to mention the 40x50 detached metal garage we include.

3329 W Desert Dawn Drive Phoenix, AZ 85083

$1,395,000
4 Beds
5 Baths
3,727 SqFt
Status Active
MLS # 6778745
Property Type Single Family Residence
Price Type --
Seller offering 1% concession towards rate buydown, landscape etc. This soft contemporary home is 100% new construction and is tucked back in a quiet cul-de-sac surrounded by million-dollar homes. Optimally designed for modern living this home has it all. As you enter, you are greeted with soaring ceilings and a great room that is flooded with natural light. Each generously sized bedroom boasts en suite baths and walk-in closets. The open concept kitchen is well appointed with quartz counters, white shaker cabinetry and LG Studio appliances. A large island sits at the center which overlooks the great room, ideal for gathering and entertaining. The primary suite is a true retreat with a spa-like bathroom complete with soaking tub, quartz counters, dual vanities and an oversized shower. The massive primary walk-in closet is situated with access to the laundry. Boasting 4 bedrooms and 5 baths plus a spacious den/flex space and 3-car garage there is ample room for all and for storage. Enjoy mountain views, easy freeway access, close proximity to Lake Pleasant, and numerous options for nearby shopping and dining. There is plenty of space for a pool and an RV gate is ready for your boat, off-road toys or extra vehicle storage. All this with the peace of mind of a quality new built home.

28500 N Camel Rock Court Rio Verde, AZ 85263

$1,395,000
2 Beds
2.5 Baths
2,161 SqFt
Status Active
MLS # 6764656
Property Type Single Family Residence
Price Type --
STUNNING GOLF COURSE LOCATION AT TRILOGY VERDE RIVER. MANY UPGRADES TO THIS 1-YEAR-OLD HOME. Situated on the 14th fairway, this 2161sf Brasada plan has 2 beds + den, 3 baths, a heated pool, golf course & mountain views. Park-like setting with carefree turf front/back & 550sf covered back patio for entertaining. Open floor plan w/ custom flooring and 8' 6-panel doors. Large primary en-suite, walk-in closet & bath w/ custom glass shower + tub. Office/den with double doors. 3 wall-mounted TVs convey. Upgraded kitchen appliances, recessed lighting, pendant lights, soft-close cabinet doors & drawers, artwork lighting package. All countertops top of line. Smart space laundry with full cabinets. 580sf 3 bay garage with separate Mini Split AC unit. Perfect for home gym/art studio/workshop.

189 W Eagle Nest Road Williams, AZ 86046

$1,395,000
3 Beds
3 Baths
3,477 SqFt
Status Active
MLS # 6738670
Property Type Single Family Residence
Price Type --
This authentic log cabin is a harmonious blend of ornate elegance and rugged charm, ready to welcome you home. 5,000 gal cistern & water delivery available. NOA HOA! VRBO & AIRBNB friendly. Room for RV parking, toys, plus a 5+ stall barn with turnouts, electricity & water, and equipped with separate 2,500 gal cistern. This home is a true log cabin retreat! Soaring ceilings and a hearty central fireplace anchors the living room with spectacular views to the east. This cabin is expertly insulated for a warm and inviting atmosphere year-round. Unique copper countertops in the kitchen & laundry room are sure to impress guests and perfectly complement the rustic feel to the home. The master bedroom offers a spacious ensuite and access to the back deck for serene mornings watching the sun rise. Wood floors add to the timeless appeal, while the cozy den features floor-to-ceiling shelving ready to house your favorite afternoon reads. Upstairs, the loft sits quaintly across the stone fireplace and leads to an adjoining bedroom with private deck access. AVAILABLE FOR ONLY A SHORT PERIOD OF TIME. DON'T WAIT TO MAKE YOUR MOVE.

6907 E Teton Circle Mesa, AZ 85207

$1,395,000
5 Beds
3.5 Baths
4,300 SqFt
Status Active
MLS # 6780657
Property Type Single Family Residence
Price Type --
CITY LIGHTS AND MOUNTAIN VIEWS! Luxurious living at its finest in this unique masterpiece nestled on a desirable cul-de-sac! Resort-like backyard is an outdoor oasis for entertainers. Its covered patio, putting green, built-in BBQ, completely remodeled shimmering pool & spa with water features, exterior fireplace, trampoline, and colorful sunsets make it a true wonder. Awe-inspiring interior boasts breathtaking attention to detail, a blend of wood-look tile & carpet flooring, plantation shutters, soaring ceilings, stylish light fixtures, ceiling fans, and pre-wired surround sound for an immersive experience. Additional highlights include a living room, formal dining room, flexible den located upstairs, bonus room, and a modern great room enhanced by a cozy fireplace, and custom built mantel. Gorgeous kitchen displays ample cabinets adorned with crown moulding, a pantry, granite counters, a breakfast bar, a center island, high-end GE Profile SS appliances such as a built-in refrigerator, wall oven & gas cooktop, and a breakfast nook with a bay window. Owner's retreat will impress you with a double door entry, balcony access, and an en suite equipped with dual sinks, make-up desk, soaking tub, and a walk-in closet. Glass double doors lead to adjoining bedroom making it perfect for den/office or nursery. Very large third upstairs bedroom is attached to the hall bathroom allowing for easy access. It also has a walk-in closet, and designer details. Fourth upstairs bedroom opens onto its own small terrace through sliding glass doors. Spacious walk in closet and this room has a unique curved wall as a design feature. There is also an additional bedroom downstairs with an en suite bathroom. With a 3-car garage, mature landscape, and a gated courtyard. Three bay garage has built in floor to ceiling storage cabinets and space for additional fridge or freezer. Two AC units are York 16.5 Seer Variable Speed Units installed in 2019. Home is located in sought after Las Sendas Community with access to parks, pools, tennis courts, pickleball courts, golf course and gym. Positioned on hiking/mountain biking trail with access adjacent to property leading to Hawes Trail System of Tonto National Forest. Salt River is 5 minutes away. Saguaro Lake is 20 minutes away providing endless outdoor recreational opportunities. Top rated Las Sendas Elementary School, Pathfinder Academy and ALA Mesa North are all a short distance away. Fremont Junior High and Red Mountain High School are the local upper grade schools.

10679 E Fanfol Lane Scottsdale, AZ 85258

$1,395,000
4 Beds
3 Baths
3,260 SqFt
Status Active
MLS # 6719440
Property Type Single Family Residence
Price Type --
Stunning custom-built residence nestled on over a third of an acre within the exclusive confines of a gated community in Scottsdale Ranch! This home is a seamless blend of sophistication and comfort, perfectly suited for both formal gatherings and everyday relaxation. Architectural marvels such as stately columns and graceful archways adorn the interior, while an abundance of windows invite natural light to cascade throughout, offering picturesque vistas of the sprawling backyard oasis and the sparkling pool area. Luxurious stone and wood flooring grace every corner, leading you to a chef's kitchen boasting expansive granite countertops, state-of-the-art stainless-steel appliances, and a striking drop-down vent hood. Entertain in style within the expansive family room, complete with complete with soaring ceilings, a cozy fireplace, and a sleek media center. Retire to the primary suite, featuring a private fireplace, access to a secluded patio retreat, and a spa-like bath replete with a raised garden tub, and a glass-enclosed shower. The immense walk-in closet offers ample storage for even the most discerning fashion enthusiast. Outside, revel in the joys of outdoor living beneath the expansive covered patio, where guests can gather for soirées or take a refreshing dip in the pool, all while savoring al fresco dining beneath the shaded ramada. Experience the epitome of luxury living in this meticulously crafted sanctuary!

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