Homeownership Offers Stability and Wealth Creation

Homeownership Offers Stability & Wealth Creation | Simplifying The Market

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?

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.

What’s Your Home Worth?

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2021 N Pacey Road Phoenix, AZ 85037

$475,000 - 3Br/2Ba -  for Sale in Sheely Farms Parcels 8 &9, Phoenix
New
$475,000
3 Beds
2 Baths
2,071 SqFt
Status Active
MLS # 6704261
Property Type Single Family Residence
Price Type --
Beautiful Home with Gorgeous Pool Ready for you! Enter Through a Beautiful Grand Rotunda Entry to a Home that Shows Like a Model. Entry leads to Flex Space that Can Be Used for Formal Living, Play/Study Room or Office Space. Upgrades Throughout the Home Include 20' Ceramic Tile, Stunning Granite Counters With Complementary Listello/Backsplash, Roll-Out Cabinets, Upgraded SS Appliances And Walk-In Pantry With Executive Chef Sink. Gas Beehive FP In Great Room & a Coffee Bar Just steps away. Expansive Primary Suite With Large Walk-In Closet. Garage With Built-In Cabinets A& Overhead Storage Racks. Professionally Landscaped Yard w/ Self Cleaning Pool and Rock Waterfall! Exterior Nicely Painted & Kool Deck Around Pool Refreshed. Close To Community Park, Medical Center, Shopping and ... Restaurants and Other Major Entertainment Venues. Easy Access to 101, I-10 % 202. Don't Miss the Opportunity to Own Your Own Beautiful Home at an Affordable Price!

4922 S Veneto Drive Mesa, AZ 85212

$475,000 - 4Br/2Ba -  for Sale in Mountain Horizons Unit 8, Mesa
New
$475,000
4 Beds
2 Baths
1,638 SqFt
Status Active
MLS # 6706131
Property Type Single Family Residence
Price Type --
Come see this light and bright 1,638 sq ft home with 4 beds, 2 baths, and a spacious great room. Features include stone veneer, designer tile, high ceilings, and neutral tones throughout. The kitchen has a breakfast bar, mosaic backsplash, stainless appliances, and Corian counters. The primary suite includes a large walk-in closet and dual sinks. Enjoy a low-maintenance yard with a covered patio and mature trees. Community amenities include parks, paths, and mountain views. Low HOA.

19217 W Culver Street Buckeye, AZ 85326

$475,000 - 3Br/3Ba -  for Sale in White Tank Homes, Buckeye
New
$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.

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

326 S River Road Payson, AZ 85541

$475,000
3 Beds
2 Baths
2,103 SqFt
Status Active
MLS # 6579027
Property Type Single Family Residence
Price Type --
Two homes on a peaceful 1.57 acres with mountain views near the Tonto Creek. The primary home is a lovely 3 bedroom, 2 bath home featuring a beautiful yard with inviting gazebo, a huge 28X32 garage/workshop, 2 carports, and multiple sheds. The property has a private well, valuable irrigation rights and horses are allowed with lots of room for gardening and fruit trees. The 2nd home is a 2 bedroom, 1 bath, 1152 square feet mobile home. Use as a guest house, multi-family property or income producing rental with a separate driveway, septic, electrical and privacy.

15430 W Amelia Drive Goodyear, AZ 85395

$475,000
2 Beds
2 Baths
2,449 SqFt
Status Active
MLS # 6612745
Property Type Single Family Residence
Price Type --
Indulge in the elegance and comfort of this stunning 2-bedroom, 2-bath home nestled within the prestigious Pebblecreek active adult community. Boasting a generous 2,449 square feet of living space, this residence features vaulted ceilings which enhance the home's spacious feel and flood the interiors with natural light. New homeowners will delight in the living arrangements which include both formal and casual living spaces; a formal living room for hosting esteemed guests, a dining area for memorable dinners, and a welcoming gathering room that seamlessly connects to a chef's dream kitchen where daily camaraderie and culinary mastery come to life. Each bedroom serves as a tranquil retreat, complete with ample space and privacy. Appointed with modern conveniences, this home benefits from a 2022 roof update, a 2023 HVAC system, and a brand-new water heater, ensuring peace of mind and comfort for years to come. Pebblecreek is not just a place to live, but a lifestyle. Geared specifically for those 55 and better, this guard-gated community spoils its residents with a bounty of amenities. Challenge neighbors to a friendly game on one of the 36 pickleball courts, explore your golfing aspirations on any of the three golf courses, or take a leisurely stroll with your furry companion in the dog park. With two clubhouses and three pools, community engagement and recreation are just steps away from your front door.This property is ideally suited for active adults seeking a blend of sophistication, security, and endless social and recreational opportunities, right in the heart of Goodyear. Don't miss your chance to own a slice of paradise within Pebblecreek.

15270 W Taylor Street Goodyear, AZ 85338

$475,000
5 Beds
2.5 Baths
2,030 SqFt
Status Active
MLS # 6621249
Property Type Single Family Residence
Price Type --
THIS 5 BEROOM, 2.5 BATH TOTALLY REMODELED HOME IS WAITING FOR THE PERFECT FAMILY TO ENJOY. FROM THE MINUTE YOU WALK INTO THE LIVING SPACE WITH ALL NEW FLOORING THROUGHOUT THE HOME, OPEN KITCHEN, DINNING AND FAMILY AREA TO THE STUNNING STAIRCASE WITH BANISTER. ALL NEW KITCHEN, BATHROOMS, FIXTURES; ADDED PLUMBING, COMPLETE PAINT, NEW SUN SCREENS TO THE GREEN TURF BACKYARD FOR YOUR FAMILY TO ENJOY. THIS IS A HOME OF PURE DETAIL IN DESIGN. CUL DE SAC LOT!!!!

2276 Lindbergh Road Overgaard, AZ 85933

$475,000
2 Beds
3 Baths
1,511 SqFt
Status Active
MLS # 6626364
Property Type Single Family Residence
Price Type --
Mogollon Airpark! This 3 bedroom, 2 bath has over 1500 square feet providing plenty of room for family and guests, and the FULLY FENCED yard is perfect for your furry friends. The open kitchen is great for entertaining, and the split bedrooms provide privacy for everyone. Relax on the large, wrap-around deck, or stargaze by the firepit. During the cool months you can cozy up in front of the woodstove. Located just a few hours from the valley, you will be surrounded by tall pines, a variety of wildlife, and the peacefulness of the small, mountain town. The fenced in yard is full of tall pines and has watering system to keep the landscape looking great. Paved roads, completely fenced, and an HOA keep this subdivision looking great. Furnished

4504 Besant Way Wickenburg, AZ 85390

$475,000
2 Beds
2.5 Baths
1,751 SqFt
Status Active
MLS # 6628007
Property Type Single Family Residence
Price Type --
Enjoy the Privacy of 2 Primary Suites. Live the good life with a owned Solar System that will have you enjoying APS energy credits throughout the year. Nestled in the Pinto Neighborhood this home features HOA managed landscape & private cul-da-sac location. Your motorized patio shades will provide privacy screening while enjoying the gorgeous sunset colors every night. Upgraded flooring, cabinets, light fixtures throughout with an AMAZING number of cabinet pull outs designed into your kitchen. Home includes custom window covers with additional screening at 12ft sliding wall of glass. Garage includes ample custom cabinet storage, work space & owned RO system.

5104 N 32nd Street Phoenix, AZ 85018

$475,000
2 Beds
2 Baths
1,277 SqFt
Status Active
MLS # 6639426
Property Type Apartment
Price Type --
Stunning fully remodeled condo in the heart of the Biltmore Corridor. Light & bright two bedroom/two bath north facing single-level split floor plan condo in the much sought after Meridian Condominiums, a part of the Arizona Biltmore Estates Village. Turn-key & move-in ready as a winter getaway or a full time residence. The gated community provides elevator access, underground garage reserved parking, a year-round heated resort-style pool, jacuzzi spa, gas BBQ grills, fitness room, sauna/locker rooms & plenty of green space. Walk thru private security gate to access adjacent restaurants and shopping.

7748 W Stony Quail Way Florence, AZ 85132

$475,000
2 Beds
2 Baths
2,118 SqFt
Status Active
MLS # 6646242
Property Type Single Family Residence
Price Type --
You will love this popular Preserve model completed in 2021. Beautiful 2-bed, 2-bath home w/a den is highly upgraded & impeccably maintained. Kitchen features quartz counters, staggered cabinets w/lighting, SS appliances, gas stove, wall microwave & oven. Laminate wood floors flow through the open living areas. Garage has epoxy, sink, built-in wall cabinets + large storage room w/cabinets. Step outside to your private patio, featuring an outdoor fireplace for cozy evenings. Patio has remote shades that transforms into an Arizona room, letting you enjoy the outdoors year-round. Complete w/a SPA & pergola, this outdoor oasis is perfect for relaxation & entertainment. Don't miss the opportunity to make this house your home. Come see everything is outstanding 55+ resort community has to offer Both master & laundry room have been extended. Lights and garage door can open remotely.

6632 E Fairbrook Circle Mesa, AZ 85205

$475,000
3 Beds
2 Baths
1,743 SqFt
Status Active
MLS # 6674396
Property Type Single Family Residence
Price Type --
Incredibly well-maintained home on the market for the first time in Brookfield East in Mesa! NO HOA in this amazing community but close to parks, beautiful common areas and a great school district! This home has vaulted ceilings, open floorplan and just had a new roof installed, tile floors throughout, a water heater and new HVAC system so all of the large ticket items are complete! Large fully fenced back yard with an RV gate, custom BBQ covered area, extra storage, covered back patio with views of the mountains!! Come see this one today!

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