Many people dream of buying their ideal retirement home after their career has come to a conclusion – with all that extra free time it seems like it’d be the most logical time to shop around.
However, many real estate professionals strongly recommend that their clients find a retirement property before they’re off the payroll. While it may seem like a big time commitment to find a new home while you’re still busy with your work there are several significant financial benefits to purchasing your retirement home before you actually do retire. Here are our top reasons why.
It Makes Your Mortgage Easy
When you are employed it is easier to get approved for a mortgage. If you wait until after you retire to buy your retirement home, you may not have the income require to qualify for the mortgage that you need. Don’t limit yourself! Buy while you’re still employed to keep your options open.
It Leaves You With More Spending Money
Buying a new home while you have an income provides you with more security with your expenses, such as mortgage payments and planned upgrades or renovations. Having an income can also mitigate financial stress should you run into any unexpected expenses after closing.
It Leaves You Ready For Reality
You may think you can accurately predict the expenses of your new home, but if you buy the property before retiring it gives you time to get to know the true amounts of your monthly payments. This can help ensure that you have enough saved to retire and live comfortably in your new property, with no surprises for your budget. You’ll be in a better position to create a financial plan once you know the reality of owning your new home.
An Added Bonus: It Can Be An Income Property
If you decide to purchase your retirement home before you retire you don’t have to move into it right away. You can rent it out as an income property until you’re ready to settle in, which will not only help cover mortgage payments but will also allow you to see first-hand what the monthly expenses are for the property.
This will also prevent you from having to deal with a move while working; you can wait until you do finally retire before packing up your current home and moving into your new one.
Ready to find the perfect retirement property? Contact me today for more advice to set yourself up for the future – J.P. Cook – 602-320-4253.
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2505 E Commonwealth Circle
Chandler, AZ 85225
$499,000
3
Beds
2
Baths
1,571
SqFt
Status
Active
MLS #
6688392
Property Type
Single Family Residence
Price Type
--
Become the proud owner of this cozy 3-bedroom, 2-bathroom residence with a perfect blend of comfort and style! The living room features a soothing palette and attractive wood-look flooring. Gather loved ones in the family room for intimate moments. The kitchen comes with tile counters, abundant white cabinetry, recessed lighting, a peninsula with a breakfast bar, and a convenient serving window to the patio. The main bedroom is complete with soft carpeting, sliding doors to the backyard, a walk-in closet, and a private bathroom. Outside, the backyard is an oasis, boasting a covered patio, a fragrant citrus tree, and a refreshing pool for enjoying sunny days. This value won't disappoint!
15 Maxfield Avenue
Bisbee, AZ 85603
$499,000
2
Beds
2.5
Baths
2,636
SqFt
Status
Active
MLS #
6680430
Property Type
Single Family Residence
Price Type
--
An exceptional 1915 structure positioned at the end of the brick road. Exterior walls are large Tufa blocks (a limestone material mined around Douglas, AZ); roof is corrugated metal; interior floors are pine and/or Douglas Fir and Oak. Windows are original, with wavy glass. Ceilings typically 10', except 12' at main bathroom; and 16' at kitchen. Upper level has generous space and light. Sitting rooms, Kitchen, Shower no Tub in Master bath, half bath in hallway, laundry and carport. Lower level was left in its original configuration and consists of a sitting room; bathroom; bedroom; and a partial undeveloped basement. All utilities - water, electrical, waste/drainage - were replaced. Exterior stairs connect upper and lower levels. A few mins walk to downtown Bisbee.
29420 N 122nd Glen
Peoria, AZ 85383
$499,000
3
Beds
2.5
Baths
2,148
SqFt
Status
Active
MLS #
6680777
Property Type
Single Family Residence
Price Type
--
Nestled within Primrose Estates in Vistancia, this immaculate residence offers the epitome of luxury living. Situated on a coveted corner lot, this turnkey home exudes sophistication & modern convenience. Spanning 2148 square feet, the residence features 3 bedrooms, 2.5 baths, a loft & a 2-car garage. Elegant finishes include truffle cabinets, quartz countertops with subway tile backsplash, & upgraded flooring throughout. Indulge in the master suite's walk-in luxury shower & tile accents. Outside, a private courtyard with pavers beckons for alfresco entertaining. Residents enjoy exclusive access to the Mountain Vista Club & Foothills Center, along with the community pools & alluring Vistancia Master Planned Community features. Discover Unparalleled comfort & style in this remarkable home
11906 N 190th Drive
Surprise, AZ 85388
$499,000
4
Beds
3
Baths
2,188
SqFt
Status
Active
MLS #
6680329
Property Type
Single Family Residence
Price Type
--
This stunning 4 bedroom 3 bath Surprise home exudes near-new luxury! Recently repainted and carpeted inside, it boasts an expansive open Great Room perfect for gatherings alongside a beautifully upgraded kitchen. Your luxurious primary suite awaits, complete with a huge walk-in closet and shower. Enjoy premium upgrades like a 2nd breakfast patio, tankless water heater, and soft water loop for added comfort. Step outside to your backyard oasis and relish those breathtaking mountain views - the perfect backdrop for relaxing in your Arizona dream home!
20825 W Hubbell Street
Buckeye, AZ 85396
$499,000
5
Beds
3
Baths
2,327
SqFt
Status
Active
MLS #
6681621
Property Type
Single Family Residence
Price Type
--
Better than new home in Verrado with 5bed/3 bath for under $500K. 12 X 24'' tile throughout most of the downstairs with a full bedroom and bath on the main level.Beautifully upgraded kitchen with quartz counters, herringbone tiled backsplash and stainless steel appliances w/gas range. Plantation shutters throughout the home. Large loft with four bedrooms and two baths upstairs. Enjoy all the amenities that the master planned community of Verrado has to offer with convenient access to restaurants, freeway, shopping/Costco and the new Verrado Marketplace coming next year!
9537 E Palomino Place
Sun Lakes, AZ 85248
$499,000
2
Beds
2
Baths
1,929
SqFt
Status
Active
MLS #
6682324
Property Type
Single Family Residence
Price Type
--
Highly sought after home in Sun Lakes Country Club perfect for entertaining. Beautiful kitchen with granite countertops, all new appliances, hardware, and recessed lighting. New luxury flooring throughout with new carpet in bedrooms and living room. Bathrooms have been updated with new toilets, vanities, sinks faucets and plumbing. 30+ new can lights making the home light and bright. Vaulted Ceilings, new paint, fixtures, doors and hardware throughout. AC replaced in 2018 and still under warranty. Epoxy on garage floor, gutters, roof was recoated 2024, too many upgrades to mention. This home is move in ready. If you're looking for a resort lifestyle in an updated home., look no further.
1510 W Mission Drive
Chandler, AZ 85224
$499,000
3
Beds
2
Baths
1,472
SqFt
Status
Active
MLS #
6684075
Property Type
Single Family Residence
Price Type
--
Welcome to this unique Chandler home in an HOA-free neighborhood. Enjoy vaulted ceilings, natural light, and solid hardwood flooring. The master bathroom was custom built with solid Teakwood cabinets, new countertop & new shower flooring. The wood accents T/O this home are complimented by the mature Mesquite, Sweet Acacia, and Olive trees, which has a 10 x 12 treehouse built 10 feet off the ground. The laundry room offers extensive storage. Two 30 gallon Britta soft water filtration tanks. New S/S appliances throughout the home. Covered hot tub for relaxation. Breezeway garage leads to patios. Alley access with dumpsters. Amazing 2 way view fish tank between master and great room. Corner lot with views of school and park. Experience fun & unique.
40905 N 10th Street
Phoenix, AZ 85086
$499,000
3
Beds
2.5
Baths
1,843
SqFt
Status
Active
MLS #
6684047
Property Type
Single Family Residence
Price Type
--
Discover your desert sanctuary in this contemporary gem built in 2021. Set on almost an acre and a half at the base of a gentle hill, this two-story retreat offers three bedrooms, 2 1/2 bathrooms, and an airy open floor plan. Picture-perfect views greet you from every angle, with the master suite boasting panoramic vistas. Inside, a modern kitchen with top-of-the-line appliances beckons for culinary adventures, while expansive windows blur the lines between indoors and out, leading to a spacious patio ideal for entertaining or stargazing. This is more than a home—it's an invitation to embrace the desert lifestyle. Don't miss out on making it your own oasis.
2441 E Hale Street
Mesa, AZ 85213
$499,000
3
Beds
2
Baths
1,844
SqFt
Status
Active
MLS #
6687185
Property Type
Single Family Residence
Price Type
--
3 Bedroom, 2 Bathroom home in desirable mesa neighborhood. Well built and cared for. Original owners! 2X6 construction. Extra insulation. Vaulted ceilings. Hard surface flooring throughout. Dual pane windows. Intercom system. Roll shields on windows for extra security. Fire sprinkler system throughout home. Large front and backyards. RV gate in backyard with access from private alley.
1018 W Rio Salado Parkway
Mesa, AZ 85201
$499,000
6
Beds
3
Baths
3,504
SqFt
Status
Active
MLS #
6686450
Property Type
Single Family Residence
Price Type
--
Discover this charming property offering a prime location near the 202 and the 101 freeways, as well as mere minutes from the vibrant Tempe Town Marketplace. Boasting a rich history dating back to 1950, this distinctive home exudes character and timeless appeal. Don't miss out on the opportunity to explore this one-of-a-kind gem today before it's gone!
24451 E Karens Way
Florence, AZ 85132
$499,000
4
Beds
2
Baths
1,685
SqFt
Status
Active
MLS #
6687675
Property Type
Single Family Residence
Price Type
--
Welcome to this revonated home sitting on 1.28 acres! The property is fully fenced-in, surrounded by a beautiful lush landscape including 54 fruit trees! Entering the home you will be welcomed by a spacious floorplan with vaulted ceilings. Additional upgrades to the home include all new paint, new kitchen cabinets, sink, new faucets, and new granite countertops. Both full bathrooms have double vanities, new shower heads, and faucets. New beautiful floor tile throughout the house. 5 new windows (south side of the house) by Andersen Renewal. Enjoy coffee on the front porch in the mornings and entertain your guests in the evening by the firepit! Plenty of Storage and workshop space! This property has a 9ft by 9ft metal shed, an 8ft by 8ft barn, and a detachable metal garage built by Absolute Steel. 24ft wide by 35ft long by 15.5ft high. and offers a 12ft by 12ft roll-up door, pedestrian door, and 2 windows insulated, with electricity 110/220. An irrigation system is in place to water the garden. The attached garage has an AC split unit and is fully finished with 2 windows. and can be easily converted to additional living space adding approximately 400 sqft.
6614 W Avenida Del Rey --
Phoenix, AZ 85083
$499,000
3
Beds
2
Baths
1,730
SqFt
Status
Active
MLS #
6690700
Property Type
Single Family Residence
Price Type
--
Beautifully updated home in amazing Phoenix neighborhood! Step inside to find an open main living area with updated flooring and paint. The kitchen features updated cabinets, and stunning granite counters. The primary bedroom features a spacious closet, and updated en-suite bath with new granite counters, dual sinks, and updated cabinets. Backyard features a covered patio and low-maintenance turf. Minutes away from highly-rated schools, restaurants, entertainment, shopping, parks, hiking, the 101 and 17!
