Your Tax Return: Bring it Home

Your Tax Return: Bring it Home | Simplifying The Market

This time of year, many people eagerly check their mailboxes looking for their tax return check from the IRS. But, what do most people plan to do with the money? GO Banking Rates recently surveyed Americans and asked the question – “What do you plan on doing with your tax refund?”

The results of the survey were interesting. Here is what they plan to do with their money:

  • 41% – Put it into savings
  • 38% – Pay off debt
  • 11% – Go on a vacation
  • 5% – Make a major purchase (car, home, etc.)
  • 5% – Splurge on a purchase

Upon seeing the research, The National Association of Realtors (NAR) wondered if this could help with a constant challenge cited by many people who wish to purchase a home – saving for the down payment.

In a recent post in NAR’s Economists’ Outlook Blog, they explained:

“With a sizable tax refund, the average American would have a decent down payment depending on which region or market you live in.”

They went on to add:

“Approximately 5 percent of all respondents indicated they would make a major purchase which does not seem like a lot. However, there is a bigger group 41 percent who see saving the tax return is best and that group could be potential home buyers if they are not already.”

In other words, putting that money toward purchasing a home is a form of savings.

Bottom Line

When one considers that first-time home buyers in 2016 had an average down payment of 6%, a decent tax return could go a long way toward the necessary funds needed for a down payment on a house. Or perhaps, the down payment needed by a son or daughter to make their homeownership dream a reality. How are you going to spend your return?  Give me a call for some ideas – J.P. Cook – 602-320-4253.

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40954 N Wild West Trail Anthem, AZ 85086

$495,000 - 3Br/2Ba -  for Sale in Anthem Parkside, Anthem
Open House
$495,000
3 Beds
2 Baths
1,577 SqFt
Status Active
MLS # 6695861
Property Type Single Family Residence
Price Type --
Premium view lot! The backyard faces a large open wash with unobstructed mountain views and features a paver patio seating area, synthetic grass, covered patio with extended slab, accent lights, natural vegetation and a gazebo. The interior has neutral tones throughout, vaulted ceilings, built-in cabinetry, travertine flooring in heavy traffic areas and crown molding. The large primary bedroom includes a walk-in closet. You will have plenty of storage with an oversized 2.5 car garage. Exterior of home was painted in 2021. Walking distance to Gavilan Peak Elementary School. The SOLAR WILL BE PAID OFF at close of escrow. The Solar system generates income from APS to the owner. In the last 12 months owner paid no APS bills and in fact received a check in January of 2024 from APS for $1,275. Anthem is an unincorporated master planned community in north central Maricopa County. It was founded by Del Webb in 1999 and initially built out in 2008; a new development recently added 202 homes to the community. It was awarded Best Master Planned Community in 2001, named one of Phoenix Magazine's Best Family Friendly Neighborhoods in 2012 and awarded Best Master Planned Community for Children in 2016. Anthem is home to residential, commercial, office, industrial and public uses, making it unique as a master planned community. From award-winning parks to quality landscaping, sports programs for all ages to trails, golf courses and more, Anthem is home to more than 27,000 residents and nearly 300 store-front businesses. Anthem is called a master planned community because it is self-contained and self-sustaining, allowing residents to share common resources and contribute to the common good of the community and region. Del Webb's design philosophy can be seen in every detail of Anthem's design plan, from the width of streets to the type of landscaping options, high number of recreational amenities to pre-set purposes of commercial plazas. After initial buildout, governance of the community was turned over to an executive staff and homeowner-led Board to carry Del Webb's master plan forward. Anthem by the numbers 27,000 residents (approx.) 10,305 homes 3 homeowners' associations 2 senior living communities 5,920 acres (9.25 sq. miles) of land 15 miles of walking, biking and pedestrian trails 60 acres of turf 350 acres of desert landscaped area 1,400 acres of protected washes and open space 20,000+ trees 4.4 million sq. ft. of common walls and view fences

4051 E Meadow Drive Phoenix, AZ 85032

$495,000 - 3Br/2Ba -  for Sale in Lane At Bel Esprit, Phoenix
Open House
$495,000
3 Beds
2 Baths
1,346 SqFt
Status Active
MLS # 6697358
Property Type Single Family Residence
Price Type --
Welcome to your spacious oasis in the heart of convenience and comfort! Step inside and be greeted by the seamless flow of an open floor plan, where the cozy living area effortlessly blends with the dining space, creating an inviting atmosphere perfect for gatherings and relaxation. The cabinetry in the kitchen not only adds a touch of elegance but also provides ample storage for all your culinary essentials.Venture beyond your doorstep and find yourself within walking distance to schools and pristine parks, making it ideal for seeking convenience and community. Plus, with easy access to freeways, commuting is a breeze. Endless shopping and dining options at nearby Desert Ridge, where a plethora of restaurants and entertainment venues await to satisfy every craving and whim.

25943 W Yukon Drive Buckeye, AZ 85396

$495,000 - 4Br/3Ba -  for Sale in Festival Foothills Phase 1, Buckeye
Open House
New
$495,000
4 Beds
2.5 Baths
3,066 SqFt
Status Active
MLS # 6703220
Property Type Single Family Residence
Price Type --
This beautifully upgraded home offers a luxurious, modern living experience w/ meticulous attention to detail. The floor coverings have been carefully selected to enhance both aesthetics and functionality. The home has been freshly repainted in stylish tones, with updates to the kitchen, family room, master bed/bath/closet, powder room, dining room & living room. The kitchen displays granite counters, repainted cabinets with new hardware, and convenient features like pull-out shelves and soft-close hinges. Outside, the landscape has been transformed w/ high-quality plants & thoughtful design elements. This home is a true sanctuary, offering a blend of luxury, comfort & functionality in every detail. SOLAR! Public/membership golf, GREAT COMMUNITY W/ softball field/basketball court & more!

1506 W Cheyenne Drive Chandler, AZ 85224

$495,000 - 3Br/2Ba -  for Sale in Saratoga Square, Chandler
Open House
$495,000
3 Beds
2 Baths
1,660 SqFt
Status Active
MLS # 6697350
Property Type Single Family Residence
Price Type --
This cozy abode features an open floor plan that combines the living room and dining area, perfect for relaxation and socializing. The updated kitchen is warm and inviting, with updated cabinetry, granite countertops and newer appliances. This home has been freshly updated with new paint inside and out, new plank style tile in the common areas and new carpeting in the bedrooms giving it a clean and modern feel. Additional features include a 2-car garage, energy-efficient windows and doors, and beautiful landscaping and curb appeal. Enjoy the benefits of energy efficiency and lower utility bills. The private backyard is a tranquil oasis, with desert landscape and new watering system - less yard work and more time for outdoor relaxation! Located in a desirable Chandler neighborhood, this home is close to schools, parks, and shopping centers, with easy access to major highways and airports. The home is move-in ready!

4011 W Voltaire Avenue Phoenix, AZ 85029

$495,000 - 4Br/2Ba -  for Sale in Sun-ray Manor, Phoenix
Open House
$495,000
4 Beds
2 Baths
2,070 SqFt
Status Active
MLS # 6697045
Property Type Single Family Residence
Price Type --
Welcome to your dream home nestled in the heart of vibrant Phoenix, Arizona! This stunning 4-bedroom, 1.75 bathroom oasis boasts a spacious 2,070 square feet of luxurious living space, meticulously designed for both comfort and style. No HOA. Step inside to discover a modern marvel featuring a blend of contemporary elegance and timeless charm. Adorned with premium upgrades throughout, including exquisite granite countertops, plank tile floors, and extra-tall cabinets, every detail exudes sophistication and quality craftsmanship. Entertain with ease in the expansive living areas, where natural light dances through the shutters, casting a warm glow upon the sleek surfaces. Unwind in the primary bedroom retreat, complete with a charming barn door and tranquil ambiance, offering a sanctuary of relaxation after a long day. Escape to your own private paradise in the backyard haven, where travertine tile and pavers lead the way to a sparkling diving pool, perfect for making a splash on sunny Arizona days. Enjoy dining under the shade of the aluminum gazebo, equipped with electricity for effortless outdoor entertaining. And with a small hand-crank awning on the west side of the patio, you can bask in the sunshine or seek shelter from the elements with ease. But the luxury doesn't stop there - this home is equipped with solar power (loan, not a lease), providing energy efficiency and cost savings for years to come. Plus, with gutters installed for added convenience, every detail has been carefully considered to enhance your living experience. Conveniently located near ASU West, shopping, dining, and more, this is more than just a home - it's a lifestyle. Don't miss your chance to make this exquisite retreat your own and experience the pinnacle of Arizona living. Welcome home!

1837 N 16th Avenue Phoenix, AZ 85007

$495,000 - 2Br/1Ba -  for Sale in Fairview Place Blks 1-4 For Lot 2 See 118-49, Phoenix
Open House
$495,000
2 Beds
1 Bath
1,017 SqFt
Status Active
MLS # 6660772
Property Type Single Family Residence
Price Type --
STUNNING REMODEL! Now is your chance to own a piece of history with this beautifully renovated red brick bungalow in the historic Fairview Place neighborhood! Walking distance to Encanto park, tennis/pickleball courts, 2 golf courses, and a short drive to amazing restaurants and entertainment. Enjoy your expansive backyard with low maintenance landscaping as well as a 300SF garage, already equipped with electrical, water and AC that could easily be turned into a workshop, home office or Guest House/Casita! Inside, enjoy a richly designed, remodeled kitchen complete with brand new LG appliances, new electrical, new plumbing and new recessed lighting. Newer AC unit, water softener and whole house filtration system installed in 2023, and BRAND NEW ELECTRICAL PANEL installed in 2024!

18009 N 129th Drive Sun City West, AZ 85375

$495,000 - 3Br/3Ba -  for Sale in Sun City West Unit 9, Sun City West
Open House
$495,000
3 Beds
3 Baths
2,874 SqFt
Status Active
MLS # 6671466
Property Type Single Family Residence
Price Type --
W E L C O M E to this newly-upgraded 2,874 sq.ft residence. Inside, you'll find a perfectly flowing layout showcasing a large expensive floor plan. clean lines and sleek designs. Soothing palette, recessed lighting & wide plank vinyl flooring are features you'll love! The stunning kitchen boasts granite & butcher block counters, updated cabinets with custom accents, black and SS appliances, custom island, walk-in pantries. End your busy day in your primary master suites with a jacuzzi tub. Lavish bathrooms, custom vanities, expansive custom showers. Large walk in closets in each room. Spend relaxing afternoons in the expansive large backyard patio, plenty of space for entertaining! 16,900 cul-de-sac lot. This home is a dream come true! Don't miss outi Living Room, Formal Dining Room, Family Room, Office, Primary Master Suite with/classic French doors that open to a private sitting room.

2418 W Ellis Street Phoenix, AZ 85041

$494,999
5 Beds
3 Baths
2,644 SqFt
Status Active
MLS # 6634090
Property Type Single Family Residence
Price Type --
This well maintained, 5-bedroom 3-bathroom, 3-car garage home, nestled in a quiet neighborhood at Copper Creek is a must see! It features an open floorpan with vaulted ceilings and abundance of natural light throughout. Chef's kitchen with white cabinets, granite countertops and a large island/breakfast bar. Four bedrooms upstairs including a spacious primary suite and a loft. One bedroom and full bath located downstairs. Neutral paint, flooring and finishes throughout. The spacious, low maintenance backyard, complete with a large pergola and artificial grass turf, is perfect for relaxing or entertaining.

13351 W Rowel Road Peoria, AZ 85383

$494,999
3 Beds
2 Baths
1,567 SqFt
Status Active
MLS # 6697175
Property Type Single Family Residence
Price Type --
Prime location! Nestled within the beautiful Rancho Cabrillo subdivision with its expansive views, you will enjoy the privacy afforded by the open green space to the left of your home. This home offers an open concept layout with beautiful plank tile flooring throughout. The kitchen is ideal for entertainers with designer cabinets, quartz countertops, a spacious island, and stainless steel appliances. The natural light streaming in through the sliding glass doors will create a warm and inviting atmosphere, especially in the main living area. The owner's retreat is a luxurious sanctuary with a beautiful en suite featuring dual vanities and a subway tiled walk-in shower. A split bedroom floor plan allows for privacy when guests are visiting or use this space for your private office away from the noise. The inclusion of a garage wired for EV cars, ample storage space, and an RV gate are both practical and convenient features. Come check out this newer built home without the wait time.

15758 W Kendall Street Goodyear, AZ 85338

$494,990
5 Beds
3 Baths
2,233 SqFt
Status Active
MLS # 6689440
Property Type Single Family Residence
Price Type --
Below Market Financing Available!!!!!!!!! This single-level home showcases a spacious open floorplan shared between the Great Room, kitchen and dining area, with access to the covered patio for outdoor lounging and entertaining. The owner's suite enjoys a private location at the back of the home, complemented by an en-suite bathroom and walk-in closet. The four secondary bedrooms are comfortable and private retreats for household members and overnight guests. Photos are renderings of a model home, not the actual home.

17302 W Columbine Drive Surprise, AZ 85388

$494,990 - 3Br/2Ba -  for Sale in Sweetwater Farms Villagio, Surprise
New
$494,990
3 Beds
2 Baths
1,921 SqFt
Status Active
MLS # 6702478
Property Type Single Family Residence
Price Type --
It's the popular Belice with 3 bedrooms + flex space, 2 bath and a 3 car garage. We're building this home with large walk in shower at owner's bath, 12'x8' sliding glass door that leads out to your extended covered patio. Stainless steel gas appliances including a gas range. Tahoe Maple ''Boulder - (gray) cabinets with 42'' kitchen uppers, rollouts at pantry and pull out trash drawer in kitchen. AZT Hana Sky Quartz countertops in kitchen, enhanced kitchen island and at the owner's bath. Stainless steel undermount single bowl sink at kitchen. 8' tall interior doors. Upgrade flooring includes DT Broxburn Gray 6x24 Plank tile in all areas of the home except in bedrooms/closets. 8' tall garage door with two remotes & garage service door. Estimating completion in July.

41030 W Agave Road Maricopa, AZ 85138

$494,990
3 Beds
2 Baths
1,987 SqFt
Status Active
MLS # 6632214
Property Type Single Family Residence
Price Type --
QUICK MOVE-IN.. It's the very popular Belice with 3 bedrooms, + flex space to use as you wish, 2 baths and a 3 car tandem garage. Large walk in shower at owner's bath with 4x16 Ice gloss in shower surrounds. 12x8 sliding glass door off the great room that leads out to your extended covered patio. Stainless steel gas range. Benton Birch ''Sarsaprarilla stain'' cabinets throughout the home with 42'' kitchen uppers. Himalaya white granite countertops in kitchen and on the extended kitchen island. EMS Casino Ice Matt 4x16 backsplash in kitchen. Upgrade flooring includes 12x24 Astra tile in all areas of the home except bedrooms/closets which has a level 9 carpet. Dual sinks in bath 2. Gas stub for future BBQ, soft water loop, interior two-tone paint in ''Agreeable Gray''.

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