Do You Know the Cost of NOT Owning Your Home?

Owning a home has great financial benefits, yet many continue renting! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.

Zillow recently reported that:

“With Rents continuing to climb and interest rates staying low, many renters find themselves gazing over the homeownership fence and wondering if the grass really is greener. Leaving aside, for the moment, the difficulties of saving for a down payment, let’s focus on the monthly expenses of owning a home: it turns out that renters currently paying the median rent in many markets could afford to buy a higher-quality property than the typical (read: median-valued) home without increasing their monthly expenses.”

What proof exists that owning is financially better than renting?

1. The latest Rent Vs. Buy Report from Trulia pointed out the top 5 financial benefits of homeownership:

• Mortgage payments can be fixed while rents go up.
• Equity in your home can be a financial resource later.
• You can build wealth without paying capital gain.
• A mortgage can act as a forced savings account
• Overall, homeowners can enjoy greater wealth growth than renters.

2. Studies have shown that a homeowner’s net worth is 45x greater than that of a renter.

3. Just a few months ago, we explained that a family buying an average priced home at the beginning of 2017 could build more than $42,000 in family wealth over the next five years.

4. Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment –along with a profit margin!!

Bottom Line

Owning a home has always been, and will always be, better from a financial standpoint than renting.  Give me a call for a no-cost, no obligation consultation about becoming a homeowner – J.P. Cook – 602-320-4253.

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Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

18812 N 94th Avenue Peoria, AZ 85382

$469,000

2 Beds

2 Baths

1,483 SqFt

Status Active

MLS # 6684237

Property Type Townhouse

Price Type --

Fully Remodeled Westbrook Village Gem! 15K CAPITAL RESERVE ASSESSMENT WILL BE PAID BY SELLER FOR BUYER!!! This stunning property has undergone a complete transformation, boasting meticulous attention to detail and high-quality finishes throughout. Fairway Ridge is situated in the coveted Westbrook Village community, this home offers both elegance and functionality. With spacious living areas, a gourmet kitchen, luxurious bathrooms, and impeccable landscaping, this residence is the perfect blend of style and comfort. Don't miss your chance to call this meticulously remodeled home yours!

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10459 E Natal Avenue Mesa, AZ 85209

$469,000

3 Beds

2.5 Baths

1,730 SqFt

Status Active

MLS # 6683132

Property Type Single Family Residence

Price Type --

Prepare to be impressed by this well-maintained home in Mulberry Community! The lovely façade provides a low-care front yard, stone accents, and a cozy front porch. You'll love the large great room graced with wood-look flooring, bountiful natural light, and sliding glass doors leading to the back patio. The kitchen features cabinets with crown moulding, recessed lighting, stainless steel appliances, and granite counters. Continue upstairs to find the carpeted primary bedroom offering an ensuite with dual sinks, a make-up desk, and a walk-in closet. The private backyard with artificial turf, an attached pergola, and pavers is perfect for alfresco dining, entertaining, or merely unwinding after a long day. Don't let this opportunity slip by!

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4275 Ponderosa Trail Wickenburg, AZ 85390

$469,000

2 Beds

2 Baths

1,866 SqFt

Status Active

MLS # 6687915

Property Type Single Family Residence

Price Type --

Experience comfort and style in this unique two bed, 2 bath treasure in Wickenburg Ranch! Step inside to discover a well-appointed interior with ample space for both relaxation and productivity. Featuring a spacious office/den that can easily transform into a third guest room for visitors or family! A large 2 car garage is equipped with wall to wall storage cabinets, and there is another spacious golf cart garage as well! Outside, the fully fenced backyard is an oasis, perfect for outdoor gatherings, pets, gardening, or simply enjoying the sunshine and magnificent star filled nights. Nestled in the desirable Wickenburg Ranch community, a beautiful and vibrant community awaits you

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11832 S Magic Stone Drive Phoenix, AZ 85044

$469,000

2 Beds

2 Baths

1,789 SqFt

Status Active

MLS # 6688359

Property Type Single Family Residence

Price Type --

Golf Course Lot AND mountain views....This Ahwatukee gem is in a 55+ community. This turnkey home is being sold ''as-is'' its fully FURNISHED at no monetary cost if buyer wishes. It has has been updated with New roof, AC unit, Flooring, and Kitchen. The brick fireplace in the eat in Kitchen brings a cozy feeling while looking at the Mountain Views and Golf course. Relax at happy hour time on the enclosed outdoor patio. With Ahwatukee Rec Center you will have swimming, pickelball, workout facility, and activities to keep you busy. Come enjoy living in an active community!

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2802 E Dahlia Drive Phoenix, AZ 85032

Open House

New

$469,000

3 Beds

2 Baths

1,777 SqFt

Status Active

MLS # 6688385

Property Type Single Family Residence

Price Type --

Welcome to your charming oasis in the heart of Phoenix Arizona! This delightful single-story home offers comfort and convenience in every corner. Situated on a generous north-south facing lot, with an RV gate and no HOA, this property provides ample space for all your outdoor activities and storage needs. Step inside to discover a thoughtfully updated interior, featuring three cozy bedrooms and two bathrooms. The bathrooms have been tastefully renovated, showcasing modern showers and fixtures, adding a touch of contemporary style to the home. Entertain effortlessly in the spacious living area, flooded with natural light and offering a warm and inviting atmosphere for gatherings with family and friends. The kitchen is a chef's delight, boasting stainless stee appliances, plenty of cabinet space, and sleek countertops, making meal preparation a breeze. Outside, soak in the stunning mountain views from the privacy of your backyard, perfect for enjoying morning coffee or hosting summer barbecues. With a brand new roof backed by a 10-year warranty and a newer HVAC unit, this home offers both peace of mind and energy efficiency. Parking is a breeze with the attached two-car garage, providing secure storage for your vehicles and belongings. Don't miss out on the opportunity to call this lovely house your home. Schedule your showing today and start living the relaxed Arizona lifestyle you've been dreaming of!

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13256 N 38th Place Phoenix, AZ 85032

$468,999

3 Beds

2 Baths

1,240 SqFt

Status Active

MLS # 6643265

Property Type Single Family Residence

Price Type --

Welcome to this breathtakingly remodeled home, a true gem that blends modern luxury with unparalleled convenience. Situated just a mile east of SR 51, this home offers swift access to major roads and urban amenities. A short stroll down the street leads to the lush expanses of Indian Bend Park, providing a perfect setting for outdoor recreation and relaxation. Perfect for New Beginnings. This home isn't just a residence; it's a lifestyle choice. Whether you're looking for a peaceful family haven or a vibrant social hub, this property caters to all. It is the perfect way to start your new year in style.

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18755 E Elizar Drive Gold Canyon, AZ 85118

$468,995

3 Beds

2.5 Baths

2,070 SqFt

Status Active

MLS # 6695197

Property Type Single Family Residence

Price Type --

Entrada del Oro in the Superstition Mountains: A serene desert escape with breathtaking, rugged beauty. Perfect for sunrise and sunset admirers.

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40258 W Michaels Drive Maricopa, AZ 85138

$468,995

4 Beds

2 Baths

2,370 SqFt

Status Active

MLS # 6695514

Property Type Single Family Residence

Price Type --

You'll find plenty to love about the Raleigh plan! The center of the home boasts a large gourmet kitchen with a convenient center island and walk-in pantry, which flows into an open-concept dining room and great room. The owner's suite is adjacent, with a private bath and a walk-in closet. There are three additional bedrooms and a bath off the great room and off the entry is a private study. Outside, enjoy your corner lot and large covered patio!

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18740 E Elizar Drive Gold Canyon, AZ 85118

$468,995

3 Beds

2.5 Baths

1,930 SqFt

Status Active

MLS # 6679862

Property Type Single Family Residence

Price Type --

Entrada Del Oro..... Entrance to Gold! Charming 3BR/2.5BA home! The back yard offers picture perfect views of Superstition Mountains and is the ideal place to enjoy evening sunsets. Beautiful Laminate flooring throughout with carpet in the bedrooms, kitchen comes with GE kitchen appliances & Quartz counter tops, two tone interior paint. The front yard comes desert landscaped and driveway is complete with pavers, make this home yours today!

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19551 W Cambridge Avenue Buckeye, AZ 85396

$468,995

4 Beds

3 Baths

2,070 SqFt

Status Active

MLS # 6688597

Property Type Single Family Residence

Price Type --

Explore this thoughtfully designed Slate home, ready for quick move-in on a homesite boasting front yard landscaping and driveway pavers. Included features: an inviting covered entry; an impressive kitchen layout offering 42'' cabinets, stainless-steel appliances, quartz countertops, a center island and a roomy pantry; an open dining area; a spacious great room; a lavish primary suite showcasing a generous walk-in closet and a private bath with cultured marble countertops; a convenient laundry; a covered patio and a 2-car garage. This home also offers stone tile flooring, additional windows and ceiling fan prewiring in select rooms.

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19542 W Cambridge Avenue Buckeye, AZ 85396

$468,995

4 Beds

3 Baths

2,070 SqFt

Status Active

MLS # 6688608

Property Type Single Family Residence

Price Type --

Explore this dynamic Slate home, ready for quick move-in on a homesite boasting front yard landscaping and driveway pavers. Included features: an inviting covered entry; a well-appointed kitchen layout offering 42'' cabinets, stainless-steel appliances, quartz countertops, a center island and a roomy pantry; an open dining area; a spacious great room; an impressive primary suite showcasing a generous walk-in closet and a private bath with cultured marble countertops; a convenient laundry; a covered patio and a 2-car garage. This home also offers stone tile flooring, additional windows and ceiling fan prewiring in select rooms.

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24075 W Pecan Road Buckeye, AZ 85326

$468,990

4 Beds

3.5 Baths

3,020 SqFt

Status Active

MLS # 6680414

Property Type Single Family Residence

Price Type --

Just over 3000 sq ft, this floorplan has It all. 4 bedrooms, 3.5 baths, a den downstairs, a half bath downstairs, a loft upstairs, and a 3-car tandem garage! This home offers so much space and a beautiful open concept. The outside has a Craftsman style exterior with included desert landscape. You walk into an open space with wood look plank tile throughout. There is a separate carpeted den area to be utilized as needed. The open concept living, kitchen, and dining area downstairs is great for entertaining. The gorgeous 4 panel sliding glass door that leads you to your outdoor covered patio provides an indoor/outdoor living space with a large backyard area. This home features our Minimalist design package that includes Crisp Stria quartz kitchen counter tops, with Fairview Stone Gray cabinets, Arctic White stacked kitchen backsplash, an undermount single bowl kitchen sink, matte black finish plumbing fixtures, stainless-steel appliances, and much more. Right now, Ashton Woods is pleased to include ALL APPLIANCES in this home, making your move-in process seamless. Upstairs has a spacious loft for additional living space, along with 4 bedrooms, 3 full baths, and laundry. Not only is the laundry room perfectly located for a growing family, right now we're including matching washer & dryer in this move-in ready home. The primary room has a large walk-in closet, double sinks, a large walk-in shower, and an additional linen closet for extra storage. The 3 additional bedrooms all have spacious walk-in closets as well. Great location close to dining, freeways, dog park and entertainment.

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