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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12758 W Parkway Lane
Avondale, AZ 85323
$459,208
3
Beds
2.5
Baths
1,908
SqFt
Status
Active
MLS #
6693093
Property Type
Single Family Residence
Price Type
--
READY NOW!!! Always built with spray foam insulation and tankless hot water heater! The thoughtfully designed Flagstaff plan lives much bigger than its size would suggest. This floor plan has 3 bedrooms, 2.5 baths, and a 2 car garage with 1908 Sq Ft. The open Great Room, Kitchen, Dining Nook, and Living area allows for separate activities but togetherness just the same. A large walk-in pantry and 42'' White cabinets, Quartz countertops and Gas Stainless Steel appliances gives your inner chef a well-stocked and equipped work space. Designed with wood-plank tile thorughout. This home includes a porch and covered patio.
18009 W Avenida Del Sol --
Surprise, AZ 85387
$459,180
4
Beds
3
Baths
2,476
SqFt
Status
Active
MLS #
6681723
Property Type
Single Family Residence
Price Type
--
Come see the size of this master bedroom closet!! Trending to close at the end of March. An amazing layout with 4 bedrooms, and 3 baths w/ loft. In addition to being energy efficient and a Smart Home, the many upgrades make this one stand out. Great curb appeal, good size yard, great for entertaining. Two-tone paint, 9' ceilings. Nice Flagstone cabinets, granite kitchen and baths, island, and walk in pantry. Lots of room to cook and move around!
10335 W Romley Road
Tolleson, AZ 85353
$459,035
4
Beds
2
Baths
2,091
SqFt
Status
Active
MLS #
6691222
Property Type
Single Family Residence
Price Type
--
Brand New Home w/May Move-In. This Spacious Home Is Sure To Please All Family Members with Large Secondary Bedrooms, Owners Suite w/Spacious Walk In Closet & YES Wonderful Open Kitchen/Great Room Too, ''A MUST SEE''. New Home Sweet Home. Being Built w/4Bdrms, 2 Baths & 2 Car Garage & Double Gate+GORGEOUS KITCHEN With Amazing Island with Lots of Cabinets & Countertop Space, Stainless Steel Appliances, Upgraded Flagstone Cabinets, Gorgeous Quartz Kitchen Countertops, Double Door Pantry, 6x36 Wood Look Tile throughout except bedrooms. Nice Size Backyard for Future Oasis+ Includes Blinds & Garage Opener too. Energy Star & Smart Home Features + More. Visit our exciting community in Beautiful Tolleson! Pictures Are Interior/Exterior Photos Of Same Floor Plan/Other Omni Home, Options Will Vary
Safford
AZ 85546
$459,000
3
Beds
2.5
Baths
1,572
SqFt
Status
Active
MLS #
6599750
Property Type
Single Family Residence
Price Type
--
Horse Property & home that is ready for you to bring your family & your horses. The barn has 2 stalls with runs, 4 additional runs with feeders, wash station, tack room, half bath, two hitching posts, a 50' arena ring & large pasture. Also, on this 2.7 acre property located on the North side of the Gila River is a 1572 sq ft 3-bedroom, 2 bath well-built brick home that was remodeled in 2007. Large kitchen with island and wine cooler, granite counter tops & SS refrigerator. Nice tile floors in main areas, very large laundry room, plenty of storage, double pane windows and indoor shutters. There's a nice large workshop, fenced backyard, a fenced-in garden & raised garden beds as well. Plenty of parking areas too. This is certainly a must-see property to appreciate all that it has to offer!
7950 E Starlight Way
Scottsdale, AZ 85250
$459,000
2
Beds
2
Baths
1,266
SqFt
Status
Active
MLS #
6608238
Property Type
Apartment
Price Type
--
Great investment with Tenant in Place! Close to Old Town Scottsdale! Super clean updated unit has wide plank flooring, built-ins, walk-in closet, and a wood burning and updated fireplace. This open floor plan is all on one level. Full size washer and dryer, newer AC unit, remodeled master bathroom w/ jetted tub & separate shower. Rare to find a condo with this much outdoor space. living room & bedroom have exits on to large covered patio & backyard. Community boasts resort-style sparkling pool & spa. BBQ & ramada surrounded with deck chairs and tables. Across from 100-acre Chaparral Park & community center that features a fishing pier. There is also walking and bike pathways, a nearby dog park, sports courts, playground, and so much more!
20234 W Harrison Street
Buckeye, AZ 85326
$459,000
4
Beds
2
Baths
1,924
SqFt
Status
Active
MLS #
6679711
Property Type
Single Family Residence
Price Type
--
This is a 2020 built, 4 bedroom, 2 bathroom property on an over-sized corner lot! Beautiful interior w/high ceilings, plenty of natural light, wood-look floors, & neutral palette. The open floor plan perfectly flows from the cozy living room with upgraded large panel slider, to the elegant dining area, to the impeccable kitchen equipped w/stylish granite counters, ample cabinetry, SS appliances, & an island w/breakfast bar. The master bedroom boasts a private ensuite w/dual sinks, walk in shower, & a sizable walk-in closet.
16 W Encanto Boulevard
Phoenix, AZ 85003
$459,000
2
Beds
2.5
Baths
1,709
SqFt
Status
Active
MLS #
6685494
Property Type
Apartment
Price Type
--
Don't miss out on over 1,700 sqft of Midtown Luxury! This private end unit is the largest City Home floor plan and is priced to sell. There are only 4 units at Tapestry with this desirable floor plan. You will enjoy all the windows making it light and bright. Features include upgraded stainless appliances, granite counter tops, gas range and a gas fireplace. The first floor also has beautiful laminate flooring and a large patio. There are two large bedrooms upstairs with lots of closet space. The primary suite has a walk in closet and a nice private balcony that is north facing for year around use. Located just minutes from shopping via a short drive or the light rail. You can even take the light rail to Phoenix Sky Harbor Airport. This home has two assigned parking spaces in the secured underground parking too. On site amenities include a fitness center, club house, large heated pool and spa, a Walgreen's pharmacy is on site as are a nail salon and a new art studio too.
7422 W Florence Avenue
Phoenix, AZ 85043
$459,000
5
Beds
2.5
Baths
2,310
SqFt
Status
Active
MLS #
6684731
Property Type
Single Family Residence
Price Type
--
This impressive 2-story home offers a functional layout with 5 bedrooms, 2.5 bathrooms, and a spacious dining room perfect for entertaining. Large windows flood the interior with natural light, creating a bright and inviting atmosphere. Step outside and discover the expansive backyard - ideal for barbecues, family gatherings, or simply soaking up the Arizona sunshine. Relax and unwind on one of the two balconies, offering a peaceful retreat. This desirable location puts a variety of shops, restaurants, and entertainment options right at your fingertips. Run errands with ease, or explore local favorites - all within a short distance.
19614 N Bellwood Drive
Sun City West, AZ 85375
$459,000
2
Beds
2
Baths
1,650
SqFt
Status
Active
MLS #
6684441
Property Type
Single Family Residence
Price Type
--
This magnificent home has been remodeled with gorgeous luxury wood look tile, beautiful modern cabinets, quartz counters, stainless appliances & bright classic backsplash. Large remodeled walk-in master shower - outstanding in every way. This home has an extra bonus room that could be used as a formal dining/office or game room. 2 car garage + golf cart parking. New roof in 2023. Come and view this outstanding home - be the first to live in this recently completed luxury remodel!
7650 E Edgewood Avenue
Mesa, AZ 85208
$459,000
2
Beds
2
Baths
1,584
SqFt
Status
Active
MLS #
6688997
Property Type
Single Family Residence
Price Type
--
Fantastic Ranch Home in Fountain of the Sun, a 55+ Community. Move-in Ready, 2 bed, 2 bath home with a private, gated, backyard pool. Updates include refaced kitchen cabinets, quartz countertops and all new LG kitchen appliances 2023. Large owner's bedroom suite, French door entry, updated bath, new vanity & walk-in closet. Guest bedroom has a new Murphy-style wall bed unit that converts to a desk ($7k) and a walk-in closet. High-quality window shutters throughout the entire home. Beautiful, private backyard with heated salt-water pool, new pump & salt cell in 2019. Newer roof & outside paint. Enjoy all the Fountain of the Sun amenities including pickle ball, bocce ball, a dog park and much more. The 18-hole executive golf course & country club make this a very special place to live.
9524 W Meadowbrook Avenue
Phoenix, AZ 85037
$459,000
4
Beds
3
Baths
2,663
SqFt
Status
Active
MLS #
6690453
Property Type
Single Family Residence
Price Type
--
Introducing your dream home! Nestled in a prime location brimming with convenience, this move-in-ready gem offers an unparalleled lifestyle. With a myriad of shops and restaurants just steps away, indulging in your favorite activities and dining experiences has never been easier. For sports enthusiasts and entertainment seekers, the Stadium and Westgate are a mere 1.5 miles away, promising endless excitement for family outings. Seamless access to the 101 freeway ensures you're effortlessly connected to all the area has to offer. Noteworthy upgrades include the 2019 AC unit enhancements, guaranteeing your comfort and peace of mind year-round. Inside, bask in the abundant natural light that floods the space, creating a welcoming and cozy ambiance. Boasting 4 bedrooms, a den, and a loft on the upper level, along with a convenient main floor bathroom, this home effortlessly accommodates your family's needs. Step outside onto the extended patio, a serene retreat where you can unwind and savor the outdoors. This home embodies convenience, comfort, and charmall waiting for you to explore. Don't let this opportunity slip awayschedule your viewing today!
2915 W Washington Street
Phoenix, AZ 85009
$459,000
3
Beds
2
Baths
1,100
SqFt
Status
Active
MLS #
6691492
Property Type
Single Family Residence
Price Type
--
Fantastic 3 bedrooms 2 baths home with 3- RV gates! totally fenced, Beautifully remodeled home, from top to bottom, tile throughout the home sits on a huge corner lot, enough room to build you own swimming pool, or an apartment. Shopping and restaurants nearby, perfect central Phoenix location.
