Homeownership Offers Stability and Wealth Creation

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?

A 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.

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21647 N Mozart Court Sun City West, AZ 85375

$460,000

3 Beds

2.5 Baths

2,507 SqFt

Status Active

MLS # 6668285

Property Type Single Family Residence

Price Type --

Enjoy the good life in this San Manuel model home located on an 18,451 sq ft Cul de Sac lot with 3 bedrooms & 2 1/2 baths. Newly painted exterior with a gated front courtyard. The expansive living/dining room has high ceilings, + large family room with ample built-ins, in addition to travertine & wood flooring throughout. The large primary suite features two walk-in closets, dressing area & the bath has a recently renovated walk-in shower. Guest bedrooms are on the other side of the house along with a full bath. The kitchen a R.O. water system and recessed ceiling lights. Inside laundry room + whole home water filtration system. The huge 2 ½ car garage has built in storage. There is also a spacious Sunroom. The home has Solar power with a fixed $159.23 monthly, assumable lease.

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648 E Cottontail Run Cottonwood, AZ 86326

$460,000

2 Beds

2 Baths

1,800 SqFt

Status Active

MLS # 6668849

Property Type Single Family Residence

Price Type --

2bedroom 2bath home with remodeled kitchen granite countertops, flat top stove, trash compactor, dishwasher, sink and faucet new can lighting. New flooring in living room , dining room. and kitchen. Bedrooms have new carpet. Both bathroom have been updated with flooring, medicine cabinets, mirrors, vanities, sinks and faucet. ceiling fans throughout rooms. Home has two bonus room and basement. 2 car garage .

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5701 W Royal Palm Road Glendale, AZ 85302

$460,000

3 Beds

2 Baths

1,593 SqFt

Status Active

MLS # 6670689

Property Type Single Family Residence

Price Type --

This fabulous property nestled on a quiet cul-de-sac in Glendale is the one you've been looking for! Discover an impressive interior showcasing tile flooring, fresh soothing palette throughout, dazzling light fixtures, and French doors opening to the back patio. The impeccable kitchen boasts pristine white shaker cabinets, stylish tile backsplash, quartz counters, and modern recessed lighting. The primary bedroom features soft carpet in all the right places, a private bathroom, and a generously sized closet. You will find a spacious backyard with a covered patio offering plenty of potential for adding your personal touch! What's not to like? Create new memories in this fantastic home!

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19010 N 143rd Avenue Sun City West, AZ 85375

$460,000

3 Beds

2 Baths

2,528 SqFt

Status Active

MLS # 6671428

Property Type Single Family Residence

Price Type --

Nestled in the heart of a TRANQUIL community, this home offers 2,528 square feet, 3 Bedrooms, 2 Bathrooms, and a SPACIOUS 2.5-car garage w/ WONDERFUL updates & COZY comfort. BEAUTIFUL Quartz Counters & White Shaker Cabinets adorn the Eat-in Kitchen. The AZ room, Living, and Dining areas create an IDEAL space for entertaining guests. WATERPROOF LVP flooring has been installed T/O. 3 sliding glass doors lead out to a LARGE covered back patio, providing the PERFECT spot for quiet morning coffee or simply unwinding after a long day. The Primary Bedroom has its own PRIVATE courtyard. Two additional Bedrooms provide AMPLE space for Family members or Guests. With its MODERN & STYLISH design, this home offers the perfect combination of COMFORT and ALL the AMENITIES that Sun City West offers.

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