Late 1800's Miner's Stamping Machine @ the Superstition Mountain Museum in Apache Junction Arizona
Arizona Buying or Renting Comparison
The Arizona desert is a virtual oasis of homes. Lush green Golf fairways are a beautiful contrast to the desert sand and stone. Sante Fe style homes, the size of a small business complex, nestle along the hills,
back dropped with stunning mountains and cacti. Winter visitors who wish to warm their sore joints in the dry breezes of Arizona flock to this area by the thousands and from all over the world.
Homes had been snapped up
around the area a few years ago; but now, foreclosures abound in
large numbers. Now with this glut
of empty homes and an emerging baby boomer generation still retiring,
Arizona is still seeing a population increase of high-earning Americans
that may have initially come to Arizona on vacation. Rental prices are
low, houses are low, interest rates are low and the Boomers are deciding whether a
permanent stay is their best option.
Arizona
vacation rentals have some of the most sought out space, especially for
those who are getting away during the frigid northern winters. Wintering way away from home by purchasing a home or your own vacation rental has its advantages but so does renting prior to taking the leap to buy.
If you are renting, you do not have to worry about any upkeep or
maintenance of the rental home as there is always someone to call for that
job. For instance with vacation rentals in the Gold Canyon, Mesa, Queen Creek, Sun Lakes or Scottsdale areas, most
are going to have pools and spas for your use which don't require any maintenance by you the tenant. All you have to provide is the
money to pay for your rental.
The winters in AZ are mild---but if you stay for the summer, you will be in for an amazing
experience of Arizona's "dry" heat. As a renter, you simply pull
up anchor during the late Spring and fly north with the other "birds".
On a positive note, you may still be motivated to buy after you spend some time doing your
homework. Never overlook the fact that you can both buy and rent your
own vacation home in one of the most popular vacation markets to date as
well as have a second-home tax write-off. Furthermore, since this
is a second home, you can opt to migrate and head North for the summer. Any qualms about purchasing can be overcome by testing the waters
first and spending time in an Arizona vacation rental to make up your
mind. Give it a month and talk to local homeowners about their
experiences and the local housing climate. Since it
is a buyer's market the housing sector will get it shot in the arm in
due time. AND, while you are visiting sunny Arizona be sure to apply SPF 32 sunscreen liberally and enjoy yourself.