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

10059 W Villa Lindo Drive Peoria, AZ 85383

$2,345,000
5 Beds
4 Baths
4,723 SqFt
Status Active
MLS # 6735584
Property Type Single Family Residence
Price Type --
Exceptional custom home in the prestigious gated community of Melton Ranch 1. Spanning 5,679 square feet, this exquisite residence features 5 beds, 4 bathrooms, a 4-car garage with custom cabinetry, a designer pool, an RV garage, and a guest house. Enter through a private courtyard into the charming formal dining and living rooms. Unwind in your spacious master suite, complete with a sitting room, private backyard exit, and a cozy two-way fireplace. The master bath offers a whirlpool tub and a walk-in shower for ultimate relaxation. Perfect for entertaining, the gourmet kitchen opens through sliding glass pocket doors to a backyard oasis. Enjoy swimming or sliding into the designer pool, making this home an entertainer's dream.

8675 E Thoroughbred Trail Scottsdale, AZ 85258

$2,340,000 - 5Br/3Ba -  for Sale in Paradise Park Manor 2, Scottsdale
Open House
$2,340,000
5 Beds
3 Baths
4,340 SqFt
Status Active
MLS # 6778966
Property Type Single Family Residence
Price Type --
Welcome to the best of luxury living in McCormick Ranch! If you're looking for exceptional quality and design, this is it! Newly remodeled 5 Bedroom home PLUS over $150,000 in additional upgrades! 2 Bedrooms, including Primary are downstairs. You'll be wow'd from the start when you enter through the dramatic floor to ceiling glass doors and are met with vaulted ceilings, exposed beams, porcelain laid floors, stunning chandeliers, exquisite wood paneling, and quartz fireplaces! Bright and open floor plan leads out onto a beautiful terrace overlooking the stunning pool, lounging gazebo with fireplace, built in grill and beverage bar, putting green, and outdoor bamboo floored shower all complete with lush landscaping. No need to worry about privacy as it has overgrown oleanders surrounding the backyard. The beautifully crafted Signature Designer '2 tone' kitchen is top of the line with Wolf/Subzero appliances & quartz waterfall island, and complimented by a floor to ceiling cocktail/beverage bar and built in wine fridge! Incredible and spacious primary suite with large walk-in closet and dressing room. Don't forget the amazing 'Hollywood Style' en-suite bathroom featuring dual vanities, a make up station, soaking tub with views of the enchanting garden. Take the stunning wrought iron staircase to the second floor where you will find 3 additional bedrooms, another luxurious bathroom, and the best room yet: the playroom/den/media room, just bring your popcorn! The perfect space to relax and enjoy quality time with loved ones! This home also includes a spacious laundry room, 3 car garage with electric car charging station & signature lighting, dual pane windows throughout, and custom remote window treatments and blackout curtains. Check out the attached feature list for a full list of the amazing upgrades! This home truly offers the best of luxurious living in the 3 C's school district. Close to the Greenbelt and just across the street from Mountain View Park. It's located in a private cul-de-sac and is close to dining, shopping and golfing. Convenient living, only minutes away from highway 101 for an easy commute. Welcome Home!

6437 N 28th Street Phoenix, AZ 85016

$2,330,000
3 Beds
3 Baths
3,026 SqFt
Status Active Under Contract
MLS # 6763074
Property Type Single Family Residence
Price Type --
Discover the epitome of elegance in this stunning Golden Heritage residence plus casita, where modern luxury meets classic charm. Nestled in a serene neighborhood at the foot of the Phoenix Preserve, this beautifully appointed home features 3 spacious bedrooms and 2 lavish bathrooms, along with a separate casita that enhances both functionality and style. The private gated courtyard welcomes you to the main home where, once inside, the 12' ceilings offer a light and airy open floor plan. Timeless flagstone and neutral tones set off the quiet elegance drawing you into the the flow of the home. Beautiful cabinetry, recessed lighting, custom electric shades, dual direction fireplace and surrounding wall of windows -with four unique abutting corners- form the backdrop that brings natural in. Past the open office/flex space is the lavish Master Retreat. Indulge in the tranquil master suite featuring a spacious layout that offers privacy and comfort. The opulent master bathroom is a true sanctuary, showcasing dual vanities, a luxurious soaking tub, and a separate walk-in shower and sizeable walk-in closet, all designed for relaxation and rejuvenation. The beautifully landscaped backyard features a covered patio, perfect for enjoying sumptuous breakfasts, lazy afternoons, alfresco dining or quiet evenings under the stars. Low-maintenance landscaping makes the serene environment ideal for entertaining or unwinding in your own private retreat. The separate, much sought after, one bedroom Casita with full bath is a rare find in the Biltmore Hillside Villas, and offers versatile living options. Whether utilized as a guest suite, home office, or private spa, it provides an additional layer of privacy and convenience. Experience the perfect location, close to everything - dining, shopping, golf courses - but hidden on a quiet street, in a secluded, guard-gated, luxury community with plenty of walking and hiking trails, tennis courts and views of Piestewa, mountains and cityscape. Experience the best of urban living with easy access to major highways and airport. This exceptional property harmoniously blends luxury and comfort, making it a true gem in the Phoenix market. Don't miss the opportunity to call this exquisite residence your home. Schedule your private showing today!

7180 E Kierland Boulevard Unit 1211 Scottsdale, AZ 85254

$2,327,777
2 Beds
2.5 Baths
1,579 SqFt
Status Active
MLS # 6726808
Property Type Apartment
Price Type --
Amazing unobstructed views of the McDowells on the Penthouse floor! 10 ft. floor-to-ceiling windows. Highly upgraded 2 bedroom, 2.5 bath. Gorgeous gas fireplace in great room. Kitchen features Azul Fantasy granite slabs with waterfall edge and full backsplash. Cabinet-style appliances. Wine refrigerator. Oversized (24x48) tile throughout unit and patio. Custom closets. Nest thermostat. State of the art fitness center, steam rooms, pickleball, basketball, racquetball, massage & yoga rooms, party & theatre rooms, indoor putting area and golf simulator & dog park. Rooftop deck has lap pool, lots of seating, running path, fire pits, BBQ's and many entertainment areas... all in the heart of Kierland. Restaurants, shopping and golf all nearby.

6832 E Stevens Road Cave Creek, AZ 85331

$2,327,500
4 Beds
4.5 Baths
4,656 SqFt
Status Active
MLS # 6708723
Property Type Single Family Residence
Price Type --
WOW..Incredible TRANSFORMATIONAL REMODEL (2022) just north of the town of Cave Creek near the Carefree border, on a very private acre lot, all on one level. This peaceful oasis features 4 bedrooms, 4.5 baths 3CG, all bedrooms en suite. FULLY REDESIGNED KITCHEN with 10' quartz waterfall island, Thermador appliances, dual sinks, and a HIDDEN PANTRY with expansive storage and BEVERAGE CENTER. Luxurious primary suite with spa-like bath remodel. COLLAPSIBLE GLASS-WALL OFFICE and designer lighting and fans throughout. NEW (2022) flooring, HVAC, water treatment system, custom steel front door, premium wifi enabled garage doors, 50-amp EV charger. Huge rooms and storage abound. Large backyard with enough space to create your own personal retreat. Peaceful and private, but close to town. NO HOA NUMEROUS FEATURES, UPDATES and IMPROVEMENTS ABOUND. - High end Thermador smart appliance package with wifi connection - Package includes induction smooth top, multiple ovens, dual sinks - New high efficiency Carrier heat pumps with air scrubbers and wifi enabled thermostats - New wifi enable security system with 2 touchscreen control stations - Large extra storage space throughout, including walk-in hall closet - New premium garage doors with wifi enabled automatic openers - Garage includes: - Mini split climate control - Separate storage room and elevated storage space - 50 amp EV charger - City-approved plans for expanded backyard development - New sewage ejection pumps - Replaced pressure relief valve on main water line

8211 E Candelaria Drive Scottsdale, AZ 85255

$2,325,000
3 Beds
3 Baths
3,218 SqFt
Status Active
MLS # 6773922
Property Type Single Family Residence
Price Type --
Welcome home to your own, enchanting, private retreat. Located on a corner lot this beautifully landscaped, incredible home boasts an oversized private, gated courtyard, large resort style backyard and 3 car side garage. Charm and character abound in this tranquil sanctuary from the moment you enter the spacious courtyard and experience the gorgeous southwest architectural details to the stunning backyard oasis. The Great Room with soaring vega ceiling opens to the dining area and offers a fireplace and large windows overlooking the spectacular backyard. Updated kitchen captures the front courtyard and rear covered patio and opens to the family room area. Split floor plan has Primary suite with cozy sitting area and fireplace and the spa like primary bathroom has double sinks, separate vanity and large walk-in closet. Both spacious additional bedrooms have access to the private courtyard. The fabulous, lushly landscaped backyard offers true indoor/outdoor living with covered patio with fireplace, separate Ramada, pool with waterfall and spa. In addition, this special home is located close to shops, restaurants and easy access to the 101

8447 E Nightingale Star Drive Scottsdale, AZ 85266

$2,325,000
4 Beds
4.5 Baths
5,044 SqFt
Status Active
MLS # 6717319
Property Type Single Family Residence
Price Type --
Experience the epitome of luxury in North Scottsdale's tranquil Sierra Boulders North community, situated within the prestigious 85266 ZIP code. Step through a private courtyard to enter this exquisite custom-built residence, showcasing a wrought iron entry, 18-inch travertine flooring, and 8-foot alder doors, all designed with a seamless, step-free interior. The den features coffered wood ceilings, while the fully remodeled kitchen is outfitted with premium Wolf appliances, a Sub-Zero refrigerator, a Wolf coffee maker, and an impressive 600+ bottle wine wall. This home also includes 4 new AC units, installed in 2022, ensuring year-round comfort. All guest bedrooms are ensuite, and the primary suite provides a versatile office/gym area, an expansive closet, a fireplace and outdoor access. Outdoors, enjoy panoramic views, travertine patios, an updated outdoor kitchen, landscape lighting, mature landscaping, and a heated pool and spa. Additionally, a detached casita offers extra accommodation for guests. The 85266 area boasts a harmonious blend of desert landscapes and upscale residential communities, many with breathtaking mountain views. It is home to several world-class golf courses and exclusive resorts, catering to those seeking a premium, sophisticated lifestyle

11420 E La Junta Road Scottsdale, AZ 85255

$2,300,000
4 Beds
4.5 Baths
3,746 SqFt
Status Active
MLS # 6753284
Property Type Single Family Residence
Price Type --
Welcome to the Troon Mountain Treasure! Wake up to breathtaking mountain views and majestic boulders in this meticulously remodeled custom home. Nestled within the prestigious Troon Village, it offers the perfect blend of contemporary design & serene natural beauty. The open-concept layout & soaring ceilings create an inviting atmosphere, perfect for entertaining. The chef's kitchen, with its oversized waterfall island and top-of-the-line appliances, is a dream come true. Retreat to the spa-like master bathroom for ultimate relaxation. Outside, the entertainer's backyard awaits with a sparkling pool, spa, and built-in barbecue. Every detail has been thoughtfully considered to create an exceptional living experience. Embrace your Vibe!

3277 N Highlands Drive Buckeye, AZ 85396

$2,300,000
5 Beds
4.5 Baths
4,741 SqFt
Status Active
MLS # 6683256
Property Type Single Family Residence
Price Type --
Incredible single level custom home opportunity in Verrado. Buyer still has the opportunity to choose all interior finishes and exterior elevation design. Main house is 4,048 square feet and the detached guest quarters is 693 square feet, for a total of 4,741 square feet with a four car garage. Also includes a swimming pool, spa and outdoor kitchen. This home features a captivating great room floor plan and is situated on an large .917 acre lot. Providing the perfect canvas for your vision of luxury living. this remarkable residence promises an unparalleled level of customization and sophistication.Click on More for more information: Step into the heart of this home, and be greeted by a kitchen that is as functional as it is beautiful. The buyer has the freedom to select their desired stone for the island, countertops, and backsplash, creating a kitchen that reflects their personal style and taste. Every cabinet in this culinary haven is equipped with slow-close drawers and doors, embodying the seamless blend of convenience and refine craftsmanship. Viking appliances and a pot filler adds an elegant touch to the culinary experience, while the presence of a butler pantry with a separate food prep area allows for seamless organization and efficiency. With 42 upper cabinets and 30 lower cabinets, ample storage space is provided, ensuring a clutter-free environment. The 3cm countertop edge profile adds a luxurious finishing touch to this stunning kitchen. The elegance continues throughout the home with a choice of 12x24 or 24x36 tiles in all wet areas, creating a cohesive and visually pleasing aesthetic. The 8 baseboards and solid core doors add an extra layer of sophistication and durability. Every bathroom in this custom home features custom stone and tile showers, exuding opulence and sophistication. The master shower is equipped with dual body systems, ensuring a spa-like experience in the comfort of your own home. Satin nickel Moen fixtures add a sleek and modern touch throughout. For effortless entertaining, a wet bar area is thoughtfully incorporated, complete with a sink, refrigerator, and icemaker, ensuring that refreshments are always close at hand. Indulge in the opportunity to create your dream home with this exceptional custom residence. From the meticulously designed kitchen to the luxurious outdoor oasis, every detail has been carefully considered to provide the ultimate in comfort, style, and functionality. Embrace the chance to curate a space that reflects your unique vision and experience the epitome of elegance and refinement in this remarkable custom home. Step outside and discover an oasis of relaxation and entertainment. The outdoor space boasts a fully equipped kitchen with a grill, icemaker, and dual burner gas cooktop, offering the perfect setting for al fresco dining and culinary adventures. An outdoor wood-burning fireplace sets the stage for cozy gatherings on cool evenings. The centerpiece of the outdoor area is the stunning 25x50 swim-up beach pool with a separate spill-over hot tub, providing a luxurious retreat for relaxation and recreation.

27222 N 64th Drive Phoenix, AZ 85083

$2,300,000
5 Beds
4.5 Baths
3,685 SqFt
Status Active
MLS # 6718683
Property Type Single Family Residence
Price Type --
Gold Mountain Preserve, custom home exuding modern luxury living inside & out! This stunning 5 bed/4 full bathrooms and an elegant powder room, home and is absolutely stunning; enjoy 14' ceilings in common areas with 10' ceilings throughout rest of home, office area (or game area), 3 car garage w overheight glass garage doors, RV gate! The spectacular backyard features a dazzling heated pool with Baja entry and marble surround alongside an elevated spa, half a basketball court, over 3500sf of articial grass, putting green, built in bbq with shade for comfort, elevated area in the back of the yard for additional seating, and surrounded by lovely white rose bushes, a variety of citrus and other plants, for a dream backayrd whether you love entertaining or just love enjoying famaily time in your own resort-like backyard! Inside the home, you'll enjoy a chef's kitchen with two Monogram ovens, a steam microwave/oven, a Miele automatic coffee machine, Monogram built in refrigerator, Italian cabinetry, quartz countertops throughout, a large pantry, built in drink fridge, and lots of attention to detail you will appreciate! There are ceiling soffits with colored LED accent lights in common areas, speakers throughout the house, as well as surround sound in family room! The garage has cabinets on two walls, a storage, a door directly from exterior (near the RV gate) as well as gorgeous metallic epoxy nicely highlighted through the glass garage doors. There are three bedrooms that feature their own walk in closets and bathrooms while two other bedrooms share a jack and jill bathroom! The laundry room is very spacious with plenty of storage and counter space! There is a mud room with hooks, seating and additional storage! There is lots of attention to detail at every turn at this stunning two year old home in the gated, luxury subdivision of Gold Mountain Preserve! The subdivision itself has access to hiking trail and consists of primariy large, elegant custom homes and semi-custom homes!

9958 E Graythorn Drive Scottsdale, AZ 85262

$2,300,000
3 Beds
3 Baths
2,290 SqFt
Status Active
MLS # 6718523
Property Type Townhouse
Price Type --
Full golf membership available. We are delighted to present an exceptional opportunity for you to become a part of the esteemed Desert Mountain community. Complete transformation by Black Stone Development, the Sonoran Cottage nestled within Desert Mountain has been meticulously renovated to epitomize luxury living in the heart of the Sonoran Desert. This remarkable residence is essentially brand new, boasting a myriad of updates and enhancements. From the kitchen to the roof, no detail has been overlooked in this renovation endeavor. Step into a home adorned with new kitchen appliances, elegantly crafted fireplaces, state-of-the-art HVAC systems, new roofing, immaculate drywall, custom cabinets, upgraded plumbing fixtures, and exquisite lighting fixtures illuminating the rich wood and tile floors throughout. Every aspect has been carefully considered to ensure the utmost comfort, functionality, and aesthetic appeal. Perched on an elevated lot, the Sonoran Cottage offers breathtaking panoramic vistas of the surrounding mountains, picturesque sunsets, and the twinkling city lights below. Its thoughtfully designed three-bedroom layout, each equipped with its own full bath, provides an ideal sanctuary for both relaxation and rejuvenation. Moreover, its prime location places you at the epicenter of Desert Mountain's unparalleled amenities. From the rejuvenating retreat of the Sonoran Club spa to the exhilarating recreational offerings of pickleball, tennis, swimming, and fitness facilities, you'll find endless opportunities for leisure and wellness right at your doorstep. Additionally, easy access to all other clubhouses, championship golf courses, scenic hiking trails, and exclusive Ranch amenities ensures that every day is filled with adventure and indulgence. As a testament to our commitment to providing you with the ultimate Desert Mountain experience, we are pleased to offer a golf membership with the purchase of this exquisite property (seller would sell without membership at a lower price). Take advantage of this rare opportunity to join an esteemed community renowned for its unparalleled luxury, natural beauty, and vibrant lifestyle. We invite you to seize this extraordinary opportunity to make the Sonoran Cottage your own and embark on a life of luxury and leisure in the prestigious Desert Mountain community.

34083 N Paseo Grande Drive Queen Creek, AZ 85144

$2,300,000
6 Beds
5 Baths
3,714 SqFt
Status Active
MLS # 6736076
Property Type Single Family Residence
Price Type --
Explore this beautifully remodeled 6BR/5BA gem nestled in the GATED Encanto Paseo. On an expansive 1.4 ACRES, this FULLY FURNISHED beauty boasts stunning views of the Santan Mountains and a desert landscape. This exquisite home features a fresh palette complemented by a formal dining area perfect for gourmet meals. The spacious great room, illuminated by natural light, includes bi-fold glass doors that seamlessly integrate indoor and outdoor activities. The modern kitchen is equipped with stainless steel appliances, pristine white cabinets, a tile backsplash, sleek granite counters, and a center island with a breakfast bar. The main suite offers direct backyard access and is complemented by a chic bathroom with dual sinks, a soaking tub, and a walk-in closet... Enjoy the convenience of a media room pre-wired for surround sound. The expansive backyard is an entertainer's delight, featuring a covered patio, exterior fireplace, a refreshing pool, and breathtaking mountain views. Enjoy serene afternoons or contemplate under the starry night skies from the viewing deck! Minutes from multiple A+ rated schools (Casteel Junior and HS, American Leadership Academy, & Benjamin Franklin Charter Schools) and wonderful shopping & dining options located at Queen Creek Marketplace. Experience luxury and tranquility in this gorgeous home, yours to call your own!

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