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.
Click Here to See What Your Home is Worth
4627 N 11th Street
Phoenix, AZ 85014
$475,000
3
Beds
2
Baths
1,100
SqFt
Status
Active
MLS #
6698442
Property Type
Single Family Residence
Price Type
--
AMAZING OPPORTUNITY to own this home with a guest house!!! Front house: 3 bedrooms/ 2 baths! Guest house: 1 bedroom/1bath! Super convenient location in Central Phoenix and highly desirable school districts. Recent updates: new roof, both units fully painted, carpets and blinds, and in 2023. Front home water heater replaced in 2023. Also in 2023, all gas lines to appliances in the front house repaired. Kitchen sink new pipe and fittings. Installed clean outs in yard. New Day & Night 4 ton 14 seer AC on front house Jan 2024 through Viking heating & air 10 yr parts warranty & 2 yr labor. New toilet in guesthouse. THIS ONE WILL GO FAST!
20603 N Stonegate Drive
Sun City West, AZ 85375
$475,000
2
Beds
2.5
Baths
1,868
SqFt
Status
Active
MLS #
6707012
Property Type
Single Family Residence
Price Type
--
TWO SPLIT PRIMARY SUITES in this extended Francisco floor plan w/2-1/2 bathrooms. IDEALLY located on a NORTH/SOUTH CORNER LOT backing to the ECHO MESA GOLF COURSE putting green - no worry about flying golf balls here! SPACIOUS home has RENEWAL by ANDERSEN WINDOWS/patio SLIDER, VAULTED CEILINGS overhead & LARGE PORCELAIN TILE underfoot. Ample cabinetry in the SPACIOUS galley kitchen w/GRANITE countertops, smoothtop stove, m/w, pantry & EXPANSIVE BREAKFAST BAR. Entertain in the living & dining rooms which can be multi-use. Abundant storage w/a WALK-IN CLOSET in EACH bedroom & BUILT-IN CABINETS in the garage & laundry room w/SINK. REMODELED BATHROOMS & PLANTATION SHUTTERS. Original owners spared no expense in maintenance over the years. Enjoy your active adult lifestyle - you deserve it!
19217 W Culver Street
Buckeye, AZ 85326
$475,000
3
Beds
3
Baths
1,300
SqFt
Status
Active
MLS #
6702009
Property Type
Single Family Residence
Price Type
--
HORSE PROPERTY WITH HORSE CORRALS IN PLACE ALREADY. RIGHT OFF 1-10 AND JACKRABBIT TRAIL WITH A NICE LITTLE GUEST HOME WITH ITS OWN BATHROOM, KITCHEN AND PORCH. ALL DETAILS TO BE VERIFIED BY BUYER. **There is no record of the well, seller has never used it** Buyer to do due diligence.
248 E Sky Hi Drive
Pinetop, AZ 85935
$475,000
2
Beds
2
Baths
1,650
SqFt
Status
Active
MLS #
6701134
Property Type
Single Family Residence
Price Type
--
Crafted with meticulous attention to detail, this hidden gem in the tall pines of Sky-Hi Retreat will be sure to fulfill all your long-lost dreams! Come relax in the gorgeous deep soaking bath and then cozy up to one of the woodburning fireplaces in either the Living room or Family room! Turnkey and fully furnished all-ready to move in today! An oversized lot perfect for plenty of parking your RV, trucks and toys! Huge back deck with plenty of seating, ready for all the fun summer entertainment and activities with your family! So peaceful, secluded, comfort in the woods is your thing, you finally found the right home away from home! Come see it today, before it's gone!
7261 E Melrose Street
Mesa, AZ 85207
$475,000
3
Beds
2.5
Baths
1,605
SqFt
Status
Active
MLS #
6702763
Property Type
Single Family Residence
Price Type
--
Move In Ready and Model Sharp! Welcome to this beautifully maintained & updated home. You are greeted by a lovely entry way & sitting room. Walk through to the open kitchen/family room set up. The updated kitchen features solid surface counters, large island, white cabinetry, stylish gold hardware, stainless appliances & walk in pantry. The bright space offers eat in kitchen w/access to the extended covered patio, grassy area and low maintenance landscape. The upper level offers 3 bedrooms including a calming primary suite with spacious closet & garden tub/shower. Other features include: plank vinyl flooring, neutral paint, recessed lighting, 2 car garage and much more. Located in Award Wining Las Sendas, close to schools, freeways, Salt River, hiking trails & restaurants, A MUST SEE!!
14388 W Kiowa Trail
Surprise, AZ 85374
$475,000
3
Beds
3
Baths
1,583
SqFt
Status
Active
MLS #
6703604
Property Type
Single Family Residence
Price Type
--
Welcome to your dream home in the Guard-Gated, 55+ Community of Sun Village! Situated in the heart of Surprise, AZ, this stunning GOLF COURSE HOME features 2 bedrooms and 2 baths, plus a detached CASITA with its own full bath and walk-in closet. Imagine cooking in your newly remodeled kitchen with sleek granite countertops and beautiful stainless steel GE Profile appliances or relaxing in the spacious living room with all new SunScape windows offering breathtaking views of the golf course. The home also boasts a new HVAC and newer roof, ensuring comfort and peace of mind. Plus, you'll love the convenience of being located just a short distance from the community center where you can enjoy an impressive array of amenities. Don't miss out on this amazing opportunity to live in Sun Village! HOME FEATURE LIST: -Guard - Gated Community -Spectacular Golf course views -Replaced Patio Roof April 2024 -Roof underlayment replaced aprox 2015 -New Double Stage Trane Heat Pump installed April 2024. -New Sunscape double sliding and double hung windows 2017 -Detached Guest house (Casita) with full bath and walk-in closet -Epoxy Garage flooring -Extended Width Garage with attached garage cabinets -Outside Garage Remote Entry Device -Double door main entry -Paver driveway and private courtyard nestled between the house and Casita. -Granite Countertops -Soft close cabinets & Drawers -Pull out drawers in cabinets -Touchless kitchen faucet -New outlets & GFCIs -Installed several USB outlets throughout home -Updated lighting fixtures / fans -Bosch ultra quiet dishwasher with silverware rack on top. -GE Profile Appliances -Flattop Range/Convection Oven -New fridge in 2022 with bottom freezer drawer -Heated Bidet seats at Master and Second bathroom -Cultured marble window sills, sinks and counters. -Up/down sliding blinds -Plantation shutters. -Potassium Water Softener -Exterior Paint 2023 -Interior Paint 2017 -Tile floors throughout main home -Back patio outdoor 110 outlets and at back fence -Palm trees and cactus landscaping
1782 E Whitehall Drive
Williams, AZ 86046
$475,000
3
Beds
2
Baths
2,044
SqFt
Status
Active
MLS #
6705301
Property Type
Single Family Residence
Price Type
--
Welcome to your slice of rural paradise! Nestled on a lush 1-acre lot, this charming property boasts a meticulously landscaped yard perfect for outdoor living. Step inside to discover a thoughtfully designed split floor plan, offering privacy and comfort for all. Entertain effortlessly on the spacious deck, or cozy up by the wood-burning stove in the generously sized living room. The large kitchen is a chef's dream, and the oversized garage provides ample space for storage or hobbies. And with the added advantage of solar panels, you'll enjoy reduced electricity bills and a smaller carbon footprint. Don't miss your chance to experience the best of countryside living with modern conveniences and sustainable energy!
16068 W Culver Street
Goodyear, AZ 85338
$475,000
4
Beds
2.5
Baths
2,232
SqFt
Status
Active
MLS #
6704044
Property Type
Single Family Residence
Price Type
--
Beautiful 4-bedroom, 2.5-bathroom home in Canyon Trails. A remodeled kitchen boasting stainless steel appliances. The living room provides an inviting space enhanced by neutral paint tones and laminate flooring throughout. Upstairs you will find a spacious loft area. The primary suite features a double-door entry, walk-in closet, and an ensuite bathroom complete with dual sinks, a soaking tub, and a separate standing shower. Conveniently located, this home provides easy access to schools, parks, entertainment venues, restaurants, grocery stores, and retail shops. Close to the Goodyear Ballpark, the spring training facility for the Cincinnati Reds/ Cleveland Guardians. With quick access to I-10 and Loop 303, as well as the Goodyear Civic and Recreational Center.
226 E Redwood Lane
Phoenix, AZ 85048
$475,000
3
Beds
2.5
Baths
1,683
SqFt
Status
Active
MLS #
6707505
Property Type
Single Family Residence
Price Type
--
Don't miss out on this meticulously maintained 3 bedroom, 2.5 bathroom home in the Foothills of Ahwatukee! This property has soaring ceilings and an abundance of natural light! Open kitchen with stainless steel appliances (2020) and mountain views can't be beat! Open concept with tile in all the right places. Upstairs you will find three bedrooms and an additional loft providing a great flexible space for office, entertainment or play room! Out back you can enjoy the privacy of your own patio without any neighbors behind. The desert views are amazing in this quiet gated community that provides close proximity to hiking, biking, freeway access, and shops! It's truly a great opportunity! --All appliances convey including RO and water softener!
2030 E Michigan Avenue
Phoenix, AZ 85022
$475,000
3
Beds
3.5
Baths
1,734
SqFt
Status
Active
MLS #
6705321
Property Type
Single Family Residence
Price Type
--
NEW CONTEMPORARY URBAN STYLE COMMUNITY! Ask about Builder great Incentives to financing/ Interest Rate Buydown! ! 3 bedrooms, all ensuite baths, plus powder. 2 car garage, 2 X6 Construction, Sheared Ext Walls (All plywood wrapped) Spray Foam insulation and insulated garage door for EXTREME ENERGY EFFICIECY! This home is loaded w/ standard features, beyond everyone else! Hurry and select finishes! Bedroom balcony's and first floor patio. 2 Greatroom Balcony's! Quartz countertops, stainless steel appliances, including refrigerator! 5 minutes to Loop 101 and 51 Hwy, Mayo, Kierland, Scottsdale Quarter and Desert Ridge! * Community Pool, Fitness Center coming!
2030 E Michigan Avenue
Phoenix, AZ 85022
$475,000
3
Beds
3.5
Baths
1,734
SqFt
Status
Active
MLS #
6705329
Property Type
Single Family Residence
Price Type
--
NEW CONTEMPORARY URBAN STYLE COMMUNITY! Ask about Builder great Incentives to financing/ Interest Rate Buydown! ! 3 bedrooms, all ensuite baths, plus powder. 2 car garage, 2 X6 Construction, Sheared Ext Walls (All plywood wrapped) Spray Foam insulation and insulated garage door for EXTREME ENERGY EFFICIECY! This home is loaded w/ standard features, beyond everyone else! Hurry and select finishes! Bedroom balcony's and first floor patio. 2 Greatroom Balcony's! Quartz countertops, stainless steel appliances, including refrigerator! 5 minutes to Loop 101 and 51 Hwy, Mayo, Kierland, Scottsdale Quarter and Desert Ridge! * Community Pool, Fitness Center coming!
