Short Term Rentals
THE EXPLOSIVE POPULARITY OF PRIVATE ACCOMODATIONS
Why You Should be investing in Arizona Residential Real Estate
Denise van den Bossche, November 23, 2021
People have more options on where they can live and Maricopa County (Phoenix-Metro) continues to be one of the top choices. It provides a great lifestyle without the inflated price tag of most metropolitans of similar size, with low risk of weather-related downtime.
Looking for a Warm Climate: Arizona vs. Florida
§ Arizona has lower taxes, income, property and corporate
§ Arizona has much lower cost of living
§ Real estate, both residential and business, is cheaper
§ Arizona ha tax incentives for business
§ Arizona is one of the new Technology hubs
§ Arizona is a warm weather option without rain, humidity, hurricanes, mosquitos, or Alligators
Over the last decade, Arizona shifted from Housing and Construction to Technology and Innovation. The Arizona Commerce Authority claims Arizona will add 22,753 more technology jobs by 2030, a 20% growth rate, one of the fastest in the nation. This shift has brought youth and vitality, fueled by a high growth of skilled workers, higher wages, and income.
§ Arizona is young and vibrant. Florida’s population of 4.5 million residents ages 65-plus, is expected to rise to 6 million by 2030, almost double that of Arizona.
§ Source: Data from Phoenix Business Journal September 8, 2021
In terms of pandemic recovery, Arizona is outperforming the country when it comes to workforce, employment, manufacturing jobs, population growth, and wage growth, according to the ACA.
Arizona Ranks High in its Infrastructure and Low in Natural Disasters
Arizona has low history of natural disasters, or disasters caused by failed infrastructure. When buying a home in Scottsdale, you would typically not be thinking about power outages, clean water or hurricane evacuations. For homeowners, this means you can rely on the probability that you will come home to the same home you left. For
corporations, this means low risk of weather-related shutdowns.
The lower resulting insurance premiums add to the savings enjoyed by residents with some of the lowest property taxes Arizona. This means a nicer home for the same payment they may pay somewhere else
“Arizona was recently ranked as having the second most reliable energy grid in the country. When you pair that with our abundant renewable energy and modern highways, airports, rail, ports of entry and public transportation, Arizona stands out as an ideal location o doing business in the global economy.” – Sandra Watson, President and CEO Arizona Commerce Authority.
According to the Maricopa Association of Governments in September, Maricopa added more residents than any other county in the nation each month of 2021.
Arizona is known for its great weather and beautiful scenery. It also attracts national attention for its MLB Spring Training, College Championship Sports and the annual Fiesta Bowl, the “rowdy” PGA Phoenix Open, Barrett-Jackson and other Collector Car Auctions and an occasional Super Bowl. Phoenix is home to Champion Sports teams in Football, NBA and WNBA Basketball, Hockey, Baseball and Soccer. Scottsdale alone has over 200 year-round golf courses
Scottsdale has one of the largest
Cost of Living Comparison
Arizona is repeatedly listed in studies as affordable as compared to other popular states, typically in the top five most affordable places for business and
Higher Education
Arizona has three state universities and the nation’s largest community college system, as well as well known private institutions which include Grand Canyon University.
Sports, Cars, Golf, Horses & Hiking
equestrian communities and horse show venues in the nation. The BarrettJackson’s largest annual collector car auction event is held here at West World.
For the Outdoor enthusiasts, Scottsdale borders the Tonto National Forest. The Phoenix Mountain Preserve with over 200 miles of hiking trail is within a few miles of downtown. North Scottsdale provides practically unlimited hiking, biking and horse-riding trails.
Boating, Rafting & Snow Skiing
Three full marinas are within 20 miles any direction, with many more opportunities for lake activities all the way to the South Rim of the Grand Canyon. And two hours north or east offers great snow skiing, hiking and camping in the Pines.
employees looking to relocate. The cost of living is roughly 17 percent less than the national average and rent as much as
60 percent lower than that of many large cities.
The traffic is lighter than most cities of comparable size, with gas prices up to 25% less than neighboring California. Arizona has one of the most businessfriendly tax climates in the country. For
large and small businesses, this includes taxes, permits, licensing fees, and labor costs. Arizona also statistically has greater employee productivity, and lower thefts and negligence.
Central Location
For the hottest months of July and August, many residents drive two hours away to the pines, five-hours to the west coast or eight hours to cooler locations in Utah, Colorado and New Mexico. For me, I enjoy living here year-round with cool early mornings, refreshing evenings and relishing the reliability of the weather.
ABOUT THE AUTHOR: One thing remains constant and is more true than ever: Your Home is a significant asset in your portfolio and you deserve expert guidance. Is now a good time to buy or sell? CallDenise602-980-0737,celebrating36yearsArizonaRealEstate.
