What To Consider Before Buying a Home in Arizona

Arizona is a very versatile state when it comes to being considered home. It was the third most popular inbound state in 2019. It has plenty to offer homebuyers, such as great weather, an abundance of entertainment and activities, and natural beauty. Arizona is very popular amongst the retirement community but is also a wonderful place to spend your younger years or raise a family. If you are wondering if Arizona could be the home for you, here are a few things to consider:

WEATHER

Anyone looking for warmer weather will certainly get it in Arizona. However, the weather does vary. You can expect sunny days year-round, but the temperature does drop in the winter (mildly). Some areas even experience snowfall. The humidity stays low all year long, which is what helps make the summer season more bearable.

You will also experience the monsoon season in the summer, which usually takes place between June and September. Despite it being a bit wet and swampy during this time of year, it can be seen as a period of relief from the hot summer temperatures.

LOCATIONS

Arizona offers all different types of communities and environments depending on location. The two most well-known areas are Phoenix and Tucson.

If the faster-paced city life is what you are looking for, you can certainly find that within Phoenix or Scottsdale. Although working out of the city has the potential for long commutes, the roadways are set up in a grid system and easy to navigate freeways. If you are someone who prefers not to own a car and would rather walk everywhere, Arizona probably is not the place for you. Driving is made easy, but the streets are not always walkable. Both cities feature high-end resorts and restaurants, shopping, art galleries, museums, and great southwestern cuisine. Scottsdale is known for its nightlife, upscale hotspots, and country club living.

Another standout city is Tempe, which is home to Arizona State University. Along with college life, you will find various art festivals, live music, and bohemian shops in Tempe. It is a great place to tap into your artistic side.

Tucson is known for its beautiful desert views and activities. This is complemented by its performing arts scene, galleries, and museums.

There are also plenty of suburban communities outside of these major cities. Arizona offers great school districts, outdoor activities, and plenty of good food and entertainment suited for raising a family. Beautiful retirement communities are also found within Phoenix, Tucson, Scottsdale, Chandler, and Glendale. Arizona truly holds a home for anyone.

ACTIVITES/ENTERTAINMENT

As mentioned before, Arizona’s entertainment varies between museums, nightlife, and outdoor activities. The most well-known attraction is the Grand Canyon. However, there are plenty of other beautiful attractions such as the red rocks of Sedona, the Hoover Dam, Monument Valley, and The Barringer Meteorite Crater.

Arizona is also the home to many music festivals such as the Summer Ends Music Festival held in Tempe Beach Park. All different types of genres and social scenes can be explored.

Art museums such as the Scottsdale Museum of Contemporary Art and Phoenix Art Museum are great activities both for exploring your creative side and escaping the summer heat.

Many snowbirds also love to call Arizona their “home away from home” during the winter months. Around 300,000 people travel to the east valley for warmer weather, outdoor activities, and overall culture. They will stay anywhere between 1 week and 6 months.

This is only a general list of entertainment and activities in Arizona, as many more can be explored. There is something for everyone in this state.

HOUSING MARKET

Being familiar with the housing market is crucial. Home prices rose significantly during 2020, and the same has been predicted to happen throughout 2021.

A factor that is impacting the Arizona housing market is the construction trade. This industry is continuing to grow, creating a lot of job opportunities for individuals without a college education.

Population growth has also been affecting the demand for housing in Arizona. Many areas in Arizona have experienced above-average population growth in recent years, making the market much more competitive.

The key is to always keep an eye on the housing market, as changes can occur at any time.

FINANCES

Some cities in Arizona are more affordable than others, depending on your personal finances. This should always be kept in mind. Also, keep in mind the different types of home loans and be prepared to pay a down payment. Mortgage programs offered in Arizona include:

  • FHA Home Loans
  • VA Home Loans
  • USDA Home Loans
  • Conventional Home Loans

Understanding your own personal finances and what type of mortgage program works best for you is essential when considering buying a home.

FINAL THOUGHTS

Knowing what you want out of a home is very important when deciding where to buy. Consider what kind of location fits best with your career or desired career, your personal interests and hobbies, and your personal finances. Although Arizona has plenty to offer any homebuyer, it certainly is not going to be suitable for everyone. If you are still on the fence about buying a home in Arizona, continue doing more research or consider renting as an alternative.