If you're thinking about buying a home in Scottsdale, you need to know that this sun soaked city is a perfect spot to escape from your hometown’s harsh winters. With its rich history, stunning landscapes and luxurious lifestyle, it's a place you'll want to return to time and again, whether you're looking for an ultra modern condo downtown or a secluded estate in an exclusive, prestigious area.
5 Tips to Help You Buy a Vacation Home in Scottsdale
Check out these five tips to help you find and buy a vacation home in Scottsdale:
- Setting your vacation home budget
- Getting familiar with your needs
- Choosing the right neighborhood
- Hiring a local real estate agent
- Planning for property management
Here's a closer look at each.
Setting Your Vacation Home Budget
After you decide to buy a vacation home, setting a realistic budget is the first step in your journey. You'll need to consider additional costs, on top of the home’s price, such as maintenance, utilities, property taxes, and insurance period it may be in your best interest to engage a financial advisor who can give you guidance throughout the process, as well.
Getting Familiar With Your Needs
What you're looking for when you escape to Scottsdale we'll determine what type of home you need. For example, if you want a place where you can step out your front door and be at the first of nine holes within moments, a golf course community will be perfect for you. You may be happy in a neighborhood like Gainey Ranch or somewhere in North Scottsdale. If you want to be able to take an elevator down from the top floor of a high rise so you can enjoy a Friday night at local clubs, a condo downtown maybe the perfect place. Regardless of what you're looking for, your real estate agent can help you find the perfect vacation home in Scottsdale based on the lifestyle you want to live while you're in town.
Choosing the Right Neighborhood
Every neighborhood in Scottsdale has its own personality. While the downtown area is vibrant and thriving, other areas are Scottsdale or known for tranquility and upscale gated communities. Regardless of what you're looking for, your agent will be able to help you find it after you tell them what type of neighborhood you're looking for.
Hiring a Local Real Estate Agent
It always pays to work with an experienced, local real estate agent. Your agent can make the buying process so much easier on you. They'll give you the insights you need about the local market, help you negotiate the best possible price, and guide you through all of the paperwork and negotiations to make your vacation home a reality.
Planning for Property Management
Before you purchase a vacation home in Scottsdale, you should think about property management. That's particularly true if you live out of state. You may want to hire a property management company that will take care of maintenance, repairs, and even rentals for when you're out of town so that you can earn money on your empty vacation home.
FAQ on Buying a Vacation Home in Scottsdale
Check out these frequently asked questions on buying a vacation home in Scottsdale. If you don't see the answers to your questions here, please feel free to call our office and we'll get you the answers you need.
Is Scottsdale a Good Place to Buy a Vacation Home?
Scottsdale is an excellent place to buy a vacation home. With a temperate climate all year round, this is the perfect place to escape from harsh winters.
Can I Rent Out My Vacation Home When I’m Not Using It?
Generally speaking, you can rent out your vacation home when you're not using it. However, it's important to note that some neighborhoods have homeowners associations that forbid short term property rentals. Some homeowners associations also have restrictions on the number of properties within the community that can be rented at any given time, and some restrict and prohibit rentals altogether.
Can a Non-U.S. resident Buy a Vacation Home in Scottsdale?
You don't necessarily have to be a resident of the United States to purchase a vacation home in Scottsdale. You should work closely with your lender and your real estate agent to buy a property, particularly if you aren't familiar with the area.
Are You Buying or Selling a Home in Scottsdale?
If you’re selling a luxury home in Scottsdale, we can help. You can use our home value calculator to get a ballpark idea on what your home may be worth – and you can call us at 602-694-3200 to talk to a REALTOR® about how we can market your home to all the right buyers.
If you're also looking for a new home, we’ll be happy to show you the homes that interest you most. While you’re here, explore all our Scottsdale real estate listings or look in specific communities:
- Ancala homes for sale
- Boulders homes for sale
- Cactus Corridor homes for sale
- Scottsdale Country Club homes for sale
- Scottsdale Ranch homes for sale
- Old Town Scottsdale homes for sale
- Paradise Valley homes for sale