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?

Search for Your New Home

51123 N 297th Avenue Wickenburg, AZ 85390

$599,000
3 Beds
2 Baths
1,458 SqFt
Status Active Under Contract
MLS # 6681768
Property Type Manufactured Home
Price Type --
Front porch sittin at its finest with wonderful mountain views overlooking your entire 3+ acre parcel. Beautiful home with both rustic and modern touches. Enjoy a split master bedroom with a beautiful en-suite with a large garden tub and separate shower. Wood look vinyl plank floors throughout the home for easy cleanup and a great look. The large detached barn and garage gives you more options for animals as well as a great storage and parking facility. The horse setup includes 7 covered stalls with a turnout and an arena (140' X 250') equipped with a steer pen and round pen. Home and property are move-in ready and waiting for your enjoyment! Ride out from this property all the way to Box Canyon to work your horses as needed!

4525 E La Mirada Way Phoenix, AZ 85044

$599,000
4 Beds
3 Baths
2,250 SqFt
Status Active Under Contract
MLS # 6733584
Property Type Townhouse
Price Type --
Why drive to your next hike or ride? Live tucked in the hills of 16,000-acre South Mountain Park, with over 100 miles of pathways. Access the trailhead right at the corner of your cul-de-sac. Your next home is also nestled with Arizona Grand Golf Course, so your sunset strolls come with a green oasis. The Pointe is truly resort-like living 365 days a year. You can relax in your private pool or head to one of 4 community swim spots. Like to work out? Arizona Grand Athletic Club is 20,000 sf of the latest in fitness & it's right around the corner. When it comes time for work, The Pointe has great access to freeways, including their own gate that only homeowners can use to bypass traffic. This enclave allows you to be close to it all yet surrounded by views. The vistas are calling you!

1888 W Dion Drive Phoenix, AZ 85086

$599,000
3 Beds
2 Baths
2,080 SqFt
Status Active Under Contract
MLS # 6741209
Property Type Single Family Residence
Price Type --
Your patience is about to pay off! This beautiful, meticulously maintained Telluride perched on a private, elevated, golf-course lot has long-range views of mountains in every direction. Lowered view-fence provides unobstructed sunrise vistas that truly ease the soul. EZ-care turf & landscape. Tastefully updated: New appliances include induction stove sure to improve your cooking experience. Extended solid wood cabinets, some with textured glass fronts. Slab granite counters + backsplash. Plantation shutters and new blinds. Contemporary frosted-glass barn door to walk-in closet. Updated light fixtures + fans. Office w/ glass French doors could be 3rd bedroom. Extended garage with EV CHARGING OUTLET. Fully enclosed, shady front patio extends outdoor living. Move in now! Features List: EXTERIOR Elevated lot with east-facing backyard View-fence dropped to 26 for unobstructed views Soul-soothing vistas in all directions Fully enclosed front courtyard, spacious & shaded Side gate has electronic access Easy-care landscape Artificial turf in backyard New sculptural fan on covered patio (2024)

3721 E Catalina Drive Phoenix, AZ 85018

$599,000
3 Beds
2.5 Baths
1,977 SqFt
Status Active Under Contract
MLS # 6751178
Property Type Townhouse
Price Type --
This stunning 3-bedroom, 2.5-bath townhome, built in 2019, is located in the highly sought-after Arcadia neighborhood within a gated community. The home features a spacious 2-car garage and beautiful wood plank tile flooring throughout the first floor. The modern kitchen boasts elegant grey cabinets, quartz countertops, stainless steel appliances, and a convenient island with seating. Upstairs, you'll find a large loft, perfect for a home office or additional living space. The expansive master suite is filled with natural light and includes a luxurious master bath with a double vanity and a walk-in shower. Outside, enjoy the small private yard with pavers and low-maintenance artificial turf—ideal for relaxation. Additionally, this home comes equipped with a water softener and an alarm system, adding to your comfort and peace of mind.

1017 E Grandview Road Phoenix, AZ 85022

$599,000
3 Beds
2 Baths
2,271 SqFt
Status Active
MLS # 6781711
Property Type Single Family Residence
Price Type --
Discover this stunning single-family home featuring an open living room with vaulted ceilings and a cozy wood-burning fireplace. The split floorplan includes a spacious primary suite with a sitting area, double sinks, jacuzzi tub, separate shower, and walk-in closet. The remodeled hall bath boasts a walk-in shower with Kohler fixtures and granite counters. The kitchen offers granite countertops and ample cabinet space. Step outside to a terraced backyard oasis with a covered patio, artificial turf, putting green, and an elevated deck. Enjoy privacy with a lot backing to the serene desert and exclusive HOA-owned hilltop hiking trail. Private park across the street offers playgrounds, basketball court and dog park for residents. Located close to shopping and dining!

4026 W Bluefield Avenue Glendale, AZ 85308

$599,000
5 Beds
3 Baths
2,357 SqFt
Status Active
MLS # 6778290
Property Type Single Family Residence
Price Type --
Huge Swimming Pool Oasis Back Yard, 13,743 sqft lot. Updated Split Floorplan. Northern Glendale, desirable location. Welcome Home to your split floorplan boasting 5 bedrooms 3 full baths. Walk into the formal entry and step inside to an open and bright layout. Primary room with its own private court yard to enjoy some sunshine. New carpet in secondary bedrooms, updated large tile marble look floors, freshly painted and recently remodeled kitchen that steps outside into entertainers dream, large oasis grassy back yard with lush fruit trees and huge patio gazebo to enjoy out door living while you relax in your swimming pool! Conveniently located to the north 101, shopping, restaurants, schools all within easy distance from this amazing. Very large RV gated parking and more room to grow.

9416 S 46th Street Phoenix, AZ 85044

$599,000
3 Beds
2 Baths
1,747 SqFt
Status Active
MLS # 6758376
Property Type Townhouse
Price Type --
ALL-NEW BEAUTIFUL COMPLETE RENOVATION AT THE POINTE!! LifeStyle at The Pointe South Mountain!!! Indulge in the pinnacle of serene luxury living in this exquisite home offering breathtaking mountain and golf course views within the lush and prestigious Mediterranean-inspired Pointe South Mountain community. The visionary Gosnell architecture is immediately breathtaking as you walk in. Enjoy the majestic palms and enchanting lantern-lit evenings while watching the Pointe Resort fireworks from your own backyard with huge beautiful DIVING POOL!, nestled against the serene South Mountain Preserve, with its inviting Pima Canyon Trailhead just a short walk from your door. This hidden gem in The Pointe is nestled on the most sought-after and tranquil cul-de-sac, radiating (read more) ...charm both inside and out. Featuring 3 bedrooms, 2 baths, a 2-car garage and a glorious resort-style feeling... Your home is waiting for you with its stunningly unique living space and an elegant formal dining area. The vaulted ceilings and high clerestory windows enhance the spacious ambiance, complemented by plantation shutters, flowing natural light, and stylish wood-look flooring throughout. Cozy up by the fireplace in the delightful kiva nook for a martini or a book...or both! JJ Completely upgraded everywhere you look! The bright kitchen is a chef's dream, equipped with all-brand-new stainless steel appliances, sleek quartz countertops, a vertical tile backsplash, ample cabinetry and a breakfast bar peninsula. The primary bedroom boasts a sparkling ensuite with all-new dual sinks and a gorgeous large walk-in shower. The bright front bedroom offers plantation shutters and a generous walk-in closet. Step outside to your entertainer's paradise: a backyard featuring a covered patio, pavers, lush lawns, and a sparkling pool. Every detail exudes WOW! This home is an opportunity not to be missed. Experience the perfect blend of elegance, comfort, and unparalleled beauty. Hurry, this masterpiece won't last long!

20858 W Glen Street Buckeye, AZ 85396

$599,000
3 Beds
2 Baths
2,089 SqFt
Status Active Under Contract
MLS # 6764370
Property Type Single Family Residence
Price Type --
Your Dream Home Awaits! This beautiful pool home on an oversized lot in Verrado's coveted Main Street district is sure to impress! As you enter the home, you'll be sure to appreciate the upgrades from floor to ceiling with Luxury Vinyl Plank Floors, upgraded carpet, 9' Ceilings with 8' Doors and brand new paint, wood blinds and ceiling fans throughout! The front of the home is appointed with two guest bedrooms and a guest bath with upgraded vanity height, dual square sinks and a tub/shower combo. The gourmet kitchen is a stunner with quartz counters, custom tile backsplash, upgraded height upper cabinets, double ovens, gas range and walk-in pantry! The Primary suite provides ample space with a massive walk-in shower, upgraded height vanity with dual square sinks and huge walk-in closet! The upgraded Laundry room offers a sink, lower cabinets and upper shelving. Spend the days relaxing in the sparkling pebble tec pool with water feature and baja step. Pre-plumbed and electrical work already done to easily add a heater to the pool! Easy to install pool fencing will stay with the home as well. Low maintenance yard with turf so you can enjoy green grass all year round! The 3 car garage provides space for your golf cart or other toys and projects! A short walk to Main Street with all of it's dining, events and grocery store, as well as many grassy parks and a trail which winds throughout Verrado. Also a short walk to Verrado Elementary and Middle Schools. Verrado features top rated schools, golf courses, over 80 parks, dog parks, splash pad, 2 community pools, fitness center, and Main Street with shopping, dining, and grocery. Enjoy community events like tree lighting ceremony, founders day celebration weekend, and other holiday events

2435 E Jensen Street Mesa, AZ 85213

$599,000
3 Beds
2 Baths
1,991 SqFt
Status Active
MLS # 6772031
Property Type Single Family Residence
Price Type --
Welcome to this impeccably remodeled 3-bedroom, 2-bathroom home spanning 1,990 sqft of elegant, modern living. Home includes newer windows, roof, flooring, paint, and more! The spacious primary suite is a true retreat with a remodeled en-suite bathroom and a large walk-in closet. A secondary bedroom also features its own walk-in closet, providing ample storage. The gourmet kitchen impresses with a deep walk-in pantry, sleek countertops, and beautiful cabinetry. Outside, enjoy a private backyard space ideal for entertaining or unwinding under mature trees. This home seamlessly blends style and functionmove-in ready with every detail thoughtfully updated!

5100 E Rancho Paloma Drive Unit 2085 Cave Creek, AZ 85331

$599,000
2 Beds
2 Baths
2,074 SqFt
Status Active
MLS # 6739610
Property Type Townhouse
Price Type --
Luxurious almost new townhome in a gated community where you can kick back and relax in a stylish space. Furniture available on a separate bill of sale. All cabinets have handles installed. Ceiling fans in all rooms. Kitchen has reverse osmosis drinking water. Laundry has an added shelf. Walk in shower in primary. Fiber gigabit internet so working from home and online streaming is easy and enjoyable. Tesla universal EV charger wall mounted in garage. Great mountain views. Large balcony. Home is pet and smoke free. Community pool, spa, gym, barbecue and lots more. This community is about 5 minutes from Sprouts, Walmart and Frys stores. Cave Creek Recreational are is 10 minutes away and perfect for hiking, biking and horseback riding. Home has friendly neighbors.

11021 W Buchanan Street Avondale, AZ 85323

$599,000
5 Beds
2.5 Baths
2,830 SqFt
Status Active
MLS # 6764601
Property Type Single Family Residence
Price Type --
An AMAZING OPPORTUNITY for a spacious NEW HOME in a FAMILY FRIENDLY COMMUNITY near the heart of New Downtown The BLVD in Avondale. Seller will consider up to a 3% allowance towards buyer's closing costs/rate buy down with a full price offer. Expansive community green belt on one side gives the feel of a corner lot with extra privacy. Luxurious upgraded kitchen with GE Profile appliances and quartz countertops. Huge master bedroom with a private retreat space, beautiful custom built-in closet and large shower. 2 bedrooms with a Jack-and-Jill bathroom. 2 flex rooms that can turn into extra bedrooms, guest spaces, playrooms, or home offices. Additional Interior Features: Ceramic tile flooring, Hunter ceiling fans with remotes and custom motorized blinds throughout the home. Future school planned next to the community for families. Additional Interior Features: Ceramic tile flooring, Hunter ceiling fans with remotes and custom motorized blinds throughout the home. Additional Exterior Features: Insulated 3-car garage, Tankless Hot Water Heater, Pre-Plumbed utility sink and Soft Water loop.

907 E Encinas Avenue Gilbert, AZ 85234

$599,000
5 Beds
3 Baths
2,699 SqFt
Status Active
MLS # 6696710
Property Type Single Family Residence
Price Type --
Dramatic price reduction!! Rare basement home in the highly desired Circle G Meadows community. Just a few minutes from all of the attractions of downtown Gilbert. Close to FREESTONE PARK, shopping, restaurants and freeways. This beautiful BASEMENT home features a formal living room, open eat in kitchen with island and bay window with family room. The basement has two additional bedrooms, full bath, living room & fireplace. The backyard offers a private pool with covered patio area & a mature grapefruit producing tree. Homes in this desired area do not last long!

Leave a Reply

Your email address will not be published.