Is Investing in Arizona a Good Investment?

March 3, 2010

Home values have been appreciating in recent years. Some investors who were investing in commercial properties are now investing in residential properties. In Arizona, Tucson is an exciting investment atmosphere. Investors are investing in Tucson because it gives them a high rate of return. Tucson is a great area for second home purchases also. There are a very high percentage of winter visitors in Tucson.

The investor can purchase a second home, rent it on a short term basis to a winter visitor at a high rate, and be left with a vacant home to come visit the rest of the year. Apart from homes, many investors have succeeded investing in commercial properties as well as vacant land. Most of the U.S. wealth is a result of real estate investment. Most people will start by using a rental home first. Then when comfortable and see the benefits they buy more. The best places to buy house in Tucson include Catalina foothills, continental ranch, northwest and west Tucson, sahaurita, Pima country, Oro Valley, and Dove Mountain, among many others.

There are various other good places to live in Arizona. The White Mountains are in the northeastern Arizona between phoenix and the New Mexico. White Mountains in Arizona are over 750 square miles, but only 13 percent of it is private Arizona land for sale. This area is beautiful because it offers hours of bird watching, quad riding, skiing, snowmobiling, camping, hunting, fishing, and hiking. Most people love to live in this area because they want to get ride from the pollution of the city and lead a happy life which is not possible in cities.

The two hot spots in Arizona are temple Town Lake and Arizona canal near downtown Scottsdale. Most of the area in temple Town Lake is designated for private development and the rest is kept as open space, wildlife habitat and parks. This town conducts 50 community events throughout the year. The future temple marketplace is slotted to provide 130 acres of outdoor mall with dining, shopping, and a multiplex movie theatre. This area has a stunning lake and mountain views from your private patio, courtyard and balcony.

As this area is developed you can reach the sky harbor international airport and Arizona state university very quickly. In Arizona canal near downtown Scottsdale there is significantly less water. As the banks of the canal undergo landscaping improvements the area is quickly becoming a hot spot for walking, biking and jogging. The two Arizona’s hottest waterfront developments, temple town lake and the Arizona canal near downtown scoots dale are both great options for people looking to enjoy the urban lifestyle without the responsibilities of traditional home owning.

Scottsdale is considered one of the world’s most popular retirement areas. It is known as a city of luxury. One of the interesting points of scoots dale is that there are incredible golf facilities that are located throughout the country. Scottsdale is a legend for its fantastic nightlife.