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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4010 W Campo Bello Drive
Glendale, AZ 85308
$475,000
4
Beds
2
Baths
2,069
SqFt
Status
Active
MLS #
6641786
Property Type
Single Family Residence
Price Type
--
NO HOA!! This 4 Bedroom, all electric home in the Desert Pines neighborhood is in a well maintained neighborhood and offers a perfect canvas for any modern amenities you may want to add to its classic charm. Priced below other available comps in the zip code to provide some instant equity to buyer. You will have plenty of space with a separate Living Room, Family Room with fireplace, Formal Dining Room, a large eat-in Kitchen, a gated diving pool and a spacious side yard suitable for trailer or extra parking. 2 car garage with shelving & a large bonus storage area. This home brings together the options for both the desire for relaxation and entertaining. Step outside to your refreshing pool with its large deck space, creating an ideal area for your outdoor gatherings & summer BBQs. More The back yard is a blank slate for the new pwner to make uniquely their own. A new roof and new hot water heater were installed in 2023. Newer dishwasher - rarely used. Rev Osmosis system installed. Rebuilt pool pump. This home is one of the few in the neighborhood with both an AC and an evaporative cooler to help reduce cooling costs. Two very large trees in the front yard and a huge Orchid tree in the back yard shade the home from the summer heat. Ceiling fans throughout.
30596 W Mitchell Drive
Buckeye, AZ 85396
$475,000
4
Beds
3
Baths
2,684
SqFt
Status
Active
MLS #
6658563
Property Type
Single Family Residence
Price Type
--
NOW OFFERING $5K IN SELLER CONCESSIONS AND OWNED SOLAR!!! Immerse yourself in the serenity of this well-maintained home in the Sonoran Desert. This captivating single-story retreat is nestled within the close-knit Tartesso community. The highly sought after Onyx floor plan boasts 4 bedrooms, 3 bathrooms, and a study perfect for an office. Upgrades to the home include: wood plank porcelain tiles, stainless steel appliances, and OWNED water softener. The oversized, tranquil, and professionally designed backyard is an entertainer's delight. Enjoy the majestic White Tank Mountains with its hiking trails and breathtaking vistas. Just minutes from the I-10, you can explore the vibrant Phoenix metropolitan area at your leisure.
4747 W Sunnyside Avenue
Glendale, AZ 85304
$475,000
3
Beds
2
Baths
2,048
SqFt
Status
Active
MLS #
6659231
Property Type
Single Family Residence
Price Type
--
The search is finally over! Welcome to this lovely single level residence nestled in Glendale. Discover an inviting interior showcasing gleaming wood floors, designer color palette and a charming fireplace ideal for relaxing during cozy nights at home. The well-appointed kitchen boasts wood cabinetry, sleek granite counters, stylish mosaic backsplash, double wall oven and built-in appliances. All bedrooms feature private outdoor patio access. Bathrooms have been updated and are absolute masterpieces featuring granite counters, travertine and tile! Spend relaxing afternoons along with your loved ones in the quaint yard, offering mature lush landscaping, open patios, detailed granite concrete work and beautiful citrus trees! This is one you don't want to miss!
1521 N Victor Drive
Prescott, AZ 86301
$475,000
3
Beds
2
Baths
2,400
SqFt
Status
Active
MLS #
6673728
Property Type
Single Family Residence
Price Type
--
Discover the perfect blend of rustic elegance and modern comfort in this 3-bed, 2-bath log cabin home. Boasting 2400 sqft, this amazing cabin offers an updated kitchen, ideal for entertaining. Step onto the expansive back deck to soak in breathtaking panoramic views of Prescott and Prescott Valley. With so many possibilities this home could be great for families, rental property, or a second home. Within minutes to shopping and medical. The potential in-law suite adds versatility, while the home's thoughtful features include a newer roof (2016), enhanced drainage work, and an upgraded electrical panel. Experience energy efficiency with owned solar panels, ensuring sustainability and savings. This Prescott gem is your gateway to cozy mountain living and endless Arizona skies.
16218 N 99th Drive
Sun City, AZ 85351
$475,000
2
Beds
2
Baths
1,886
SqFt
Status
Active
MLS #
6675810
Property Type
Single Family Residence
Price Type
--
Breathtaking views and gorgeous sunsets on this Riverview Golf Course location! Overlooking what feels like your own pond is this 2 bedrooms, 2 bathroom home, formal dining, nice size den, family room, plus a bonus area for your office or storage and large front room for gatherings. New windows through out, open and bright Arizona room overlooking the course. Large front patio with pergola and pergola also extended over front parking. Home is in good condition and ready for its new owner.
11237 N 49th Drive
Glendale, AZ 85304
$475,000
4
Beds
2
Baths
1,952
SqFt
Status
Active
MLS #
6675792
Property Type
Single Family Residence
Price Type
--
This block home as a new roof, new dual pane windows, new water heater, new garage door and motor, new pool heat pump for your heated pool along with pool motor, new water softener, fridge and dishwasher. There is a good sized living room off the entry and formal dining. The kitchen has granite tile countertops with backsplash, white cabinets, tile flooring, deep kitchen sink with upgraded faucet, and recessed lighting. The family room has a large exposed wooden beam a fireplace and mantle leading to a covered backyard patio with a heated pebble tec pool with diving board. The master bedroom is very spacious with a walk-in closet. The home does have leased solar with a $149 monthly payment that the seller will pay off at closing. Community park with playground, tennis courts, and basketball courts right down the street
695 Pauley Drive
Prescott, AZ 86303
$475,000
3
Beds
2
Baths
1,636
SqFt
Status
Active
MLS #
6676443
Property Type
Single Family Residence
Price Type
--
Under $500K...AND less than a mile from the Courthouse Plaza! Charming 3 bedroom, 2 bath with great views, mature trees. Recently renovated with New Flooring, Carpet, Interior Paint, Central AC, a Bonus/Shop/Hobby Room in a 2-Car Garage, and more! Enjoy the coziness of your Wood Burning Fireplace and the serenity of the Creek from your back deck...all tucked away on a quiet cul de sac.
18449 W Piedmont Road
Goodyear, AZ 85338
$475,000
3
Beds
2
Baths
1,998
SqFt
Status
Active
MLS #
6677574
Property Type
Single Family Residence
Price Type
--
Fantastic Estrella Mountain Ranch home with a beautiful, open floorplan by Engle Homes. Homesite has plenty of room between neighboring homes. Solar panels are owned. 3 bedrooms,2 bathrooms, 2 car garage with 3rd bay (can easily be changed back) currently a craft room. Formal dining room also can be a den. Kitchen has plenty of cabinet space, stainless appliances, and island. Backyard is entertainer dream with heated pool and waterfall, covered patio, outdoor fireplace, built in BBQ, and plenty of space for Fido.
17462 W Straight Arrow Lane
Surprise, AZ 85387
$475,000
4
Beds
2
Baths
2,126
SqFt
Status
Active
MLS #
6683810
Property Type
Single Family Residence
Price Type
--
Great price for a great floorplan with a 3-car wide garage and RV gate! Upgraded kitchen has a gas cooktop, wall oven and microwave. Reverse osmosis water filter. Extra cabinets in the dining area. Cabinets in the large laundry room that is pre-plumbed for a sink. Master bedroom is very spacious. Tankless, gas hot water heater. Energy efficient and never run out of hot water! Water softener. Extra wide lot has an RV gate that is perfect for a trailer or extra vehicle storage. Back yard is large and undone. Nothing to tear out to make your dream yard! Huge grassy park is one house away. Excellent community pool if you don't want your own. NO SOLAR! You don't have to get stuck with a lease you don't want! This home is ready for your personal touches to make it what you want!
5814 W Evergreen Road
Glendale, AZ 85302
$475,000
4
Beds
2
Baths
2,129
SqFt
Status
Active
MLS #
6681166
Property Type
Single Family Residence
Price Type
--
No HOA, plenty of room for toys. GREEN HOME CERTIFIED - SAVE over $50,000 in energy costs over 10 years, $375 per month! 4 bedroom 2 bath with pool. Remodeled baths, newer kitchen cabinets, AC replaced in 2023, newer hot water heater, keep utility bills lower with Solar loan with fixed payments. Large diving pool 2.5 car garage, nice landscaped backyard with covered patio, and large storage shed in a great location just minutes from ASU West, Hwy 17, Grand Canyon University.
6868 E Gecko Ranch Road
Florence, AZ 85132
$475,000
3
Beds
2
Baths
1,249
SqFt
Status
Active
MLS #
6681685
Property Type
Manufactured Home
Price Type
--
Welcome to your secluded oasis! Nestled on 1.27 acres of land with a private road, this fully remodeled mobile home offers unparalleled privacy and tranquility. Enjoy the convenience of north-south facing orientation, ensuring abundant natural light throughout the day. This charming home boasts 3 bedrooms and 2 baths, perfect for comfortable living. Step outside onto the covered front porch or back deck, ideal for savoring morning coffee or hosting gatherings with loved ones. The backyard oasis features a delightful tiki bar, creating an inviting space for entertaining or relaxing under the stars. For pet owners, there's a convenient dog run to ensure furry friends have ample space to play. Additionally, the property includes the largest conex box available, providing ample storage for all your outdoor gear and equipment. With plenty of covered space to tinker and explore, unleash your creativity and make this property your own. Whether you're into gardening, DIY projects, or simply enjoying the serene surroundings, there's room for everyone to pursue their passions. Despite its secluded location, this property offers easy access to essential amenities. Nearby grocery shopping, restaurants, and entertainment options ensure that you're never far from the comforts of modern living. Don't miss this opportunity to experience the perfect blend of privacy, convenience, and endless possibilities!
8785 E Greenview Drive
Gold Canyon, AZ 85118
$475,000
2
Beds
2
Baths
1,900
SqFt
Status
Active
MLS #
6684143
Property Type
Townhouse
Price Type
--
BRAND-NEW gated townhome in the prestigious Gold Canyon community. This townhome is designed with a modern open floor plan, encompassing 2 serene bedrooms, 2 elegant baths, and a versatile den, perfect for a home office or extra guest room. The kitchen, boasting exquisite granite countertops, upgraded cabinetry, and superior stainless steel appliances. Finished with luxurious ceramic plank tile and plush carpeting, bespoke tile work in both bathrooms, a spacious walk-in closet in the Master suite, and a laundry room with extensive cabinet storage. This community offers exclusive amenities including access to a clubhouse, a pool, and a championship golf course. This townhome, recently appraised at $480,000, represents not just a home, but a lifestyle.
