Buidling a home after the age of 50y/o....have you?

[dbsteel]

It's his life. If he can afford it, what's the big deal? I don't even see a problem with having a mortgage after retirement if you can afford it.

[Dean Trails]

Originally Posted by Rocco Barbosa

I have a buddy that is about to build a home. He's 55y/o and his wife is 50y/o. When I say build, I don't mean he's doing it himself. He has builders,etc....
Would any of you build a home after the age of 50 and have you?
I am asking because he told me some of his family were asking why would he want to build a home "this late in life".
I thought it was weird to be honest. If I am able financially,mentally and physically, I say why not. Age has nothing to do with it. Some folks have built several homes after age 50. Your thoughts.......

55 is not that old anymore. My dear sainted mother of 86 just had a new home built. She is enjoying every minute of it! You are only as old as you feel, i believe!

Go build a house. It only takes on the average about a year from plans to turnkey.

[Rocco Barbosa]

You might want to read the post again...........I never said that.

Originally Posted by InchingWest

I work in custom home building and can't say I've met a homeowner who's been younger. 55-60 seems to be the typical range.

I'm curious, but what has given you the idea that most people would be younger? Maybe some boomers just aren't seeing it, but the average 25-35 year old in the US is not doing too well.

Most people buying lots and building a home on it (at least in my area, it may be different in the South or the Midwest) are retired, semi-retired, or planning to retire soon. These people, typically a long-term married couple, have a lot of wealth built up from their working years with investment income (or government pensions) that will be streaming in for the rest of their lives.

What gets built is typically the "this is it" house and they generally don't plan on moving.

[Lacerta]

Originally Posted by DelightfulNYC

BTW what is average cost to build a four bedroom, three batch house that is 3,000 square feet with a full basement and two car garage?

I am thinking of buying a larger house. This house was built in 1999. But wondering how much more it would cost to build in 2015

A question that is far outside the scope of this topic. No one can answer that for you here. Housing prices, including construction costs vary DRASTICALLY across the country. But even within one city, you can easily quadruple the cost of building the house based on what finishes you put in it. So the only person who can answer this question for you is the builder you sit down to discuss details with.

[Normashirley]

Originally Posted by Rocco Barbosa

I have a buddy that is about to build a home. He's 55y/o and his wife is 50y/o. When I say build, I don't mean he's doing it himself. He has builders,etc....

Would any of you build a home after the age of 50 and have you?



I am asking because he told me some of his family were asking why would he want to build a home "this late in life".

I thought it was weird to be honest. If I am able financially,mentally and physically, I say why not. Age has nothing to do with it. Some folks have built several homes after age 50.


Your thoughts.......

I was 56, DH 54 when we had our current home built 12 years ago.

DH left all the details to me. He has no patience. I have patience for both of us and I'm like a dog with a bone once a project is "mentally made". We had bought 23 acres for retirement as I was not about to give up my horses.

I figured out where the barn and house would not only be built, but their angle placements. The only thing we argued about was where to put the workshop and I won because I am most the logical/analytical.

Some people aren't mentally capable of building a home if they're 20 or 30- something. If a person is methodical, careful as to who their contractors and sub contractors are, and have the finances, they shouldn't be questioned if they want to build a home when they're 75