Ways Winter Visitors Can Save With Arizona Real Estate

Oct. 9, 2011 - PRLog -- Arizona has become the number 1 destination for snowbirds across the globe. But if Arizona isn't the only warm place to visit, why are international buyers suddenly rushing in, especially from Canada? The answer is simply the real estate industry in Arizona, which was one of the places in the United States hit the hardest by the economy. If you're a Canadian adamant about finding a second home in Arizona, there are even more ways you can save on your new property.

Know What You Want

It's been observed that there are mainly two types of Canadian winter visitors. The first batch are those who look for single family properties in the suburbs. These types of winter visitors are by far the largest Canadian buyers of the two groups. They're simply there for the warmth and not necessarily to spend a lot of money. They tend to choose newer homes to lower the possible maintenance expenses. To them, it doesn't matter if their property is situated on the edge of the metro, since their main goal is to get out of the cold and harsh weather, and perhaps play golf.

The next batch look for Canadian second homes for a slightly different reason. While these types still want to move to a warmer location, they also would want to go exploring every time they come back to Arizona on a holiday. Usually, they would also decide to rent out the property for a portion of the winter period to earn some money when they're not utilizing it. Looking into the Scottsdale real estate market would be a good way to start. There are heaps of condos in Scottsdale that would suit this kind of lifestyle. Since Scottsdale is the hub of winter activities, it can be more convenient to rent out condos in the area to winter vacationers. Find a Scottsdale realtor to help you out if you're not sure which neighborhoods or communities in Scottsdale to look at. If you're lucky, you can find two-bedroom condos for just over $100,000.

Make Sure You Get What You Want

When you're prepared to inspect some homes in person, limit the number of properties you want to see each day. It's not advisable to see beyond seven properties in one day as the details would quickly be forgotten this way. A better idea would be to take some photos so you'll be able to sort out your options faster later and make quick references when seeing other homes. Bring a notebook with you and write down some details regarding each property that you do and don't like. Consult your Phoenix realtor if you're unsure of the process of buying a home in the area.

Make Decisions For The Long-term

For instance, what are some reasons you're planning to invest in Phoenix real estate? Obviously, the recent real estate plunge in Arizona has made numerous homes dirt cheap, especially to some foreign buyers. But what are you mainly planning to use the property for? Some buyers for example buy properties in the White Mountains as a sort of recreational investment. In this case, a second home may continue to appreciate in value while you're benefiting from it. You'd also want to consider how convenient the location is. You might want to live near outdoor attractions, amenities, schools, hospitals, public transportation, or shopping districts.

If You Can Afford It, Go For Home Builders

Even home builders are now picking up on the demands of foreign investors. Yet another advantage is you'll likely obtain a warranty on the home and its appliances. The reason why home builders are now focusing on selling at bargain prices is to build up their reputation, brand name and credit. Instead of going for an existing, foreclosed luxury home, why not have your brand new home built at a bargain?


Maureen Karpinski
Find your Phoenix Arizona Property at http://www.cactuscountryproperty.com/city/phoenix.htm
Posted by Cactus Country Arizona Homes & Properties http://www.cactuscountryproperty.com

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