ᐅ Building a House in Your Early 50s

Created on: 20 May 2016 21:25
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Portoalegre
We are 53 and 51 years old, with grown children living independently, and want to take on the adventure once again.

110 m² (1,184 sq ft), single-story on a ground slab, basement substitute room including a separate utility room.

Who has been in a similar situation and what were your reasons?

Regards

Portoalegre
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HilfeHilfe
21 May 2016 13:05
In our area, the older houses are separate from the others, but among them are the largest and most beautiful ones, which serve as penthouses.
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Portoalegre
21 May 2016 15:09
HilfeHilfe schrieb:
In our area, the older houses are separate, but the largest and most beautiful ones are penthouses

We wanted that at first too. But no one could provide us with a floor plan tailored to our needs. A 150sqm (1600 sq ft) penthouse with 15sqm (160 sq ft) kitchen and 450,000. No thanks.
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merlin83
22 May 2016 09:28
At over 50 years old, my first priority would be to ensure that my children have at least the same opportunities as I did. If there is anything left over after that, and the family is doing well, and I feel capable of handling it, then there is no reason not to proceed.
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ypg
22 May 2016 10:35
merlin83 schrieb:
If I were over 50, my first priority would be to ensure that my children have at least the same opportunities as I did. If there is still something left after that, and the family is doing well, and I feel capable of handling it, then there is no reason not to.

What age of children are you referring to?
I don’t want my parents to sacrifice anything so that I get a share of the family resources. Twenty years ago, I had the same attitude... I can manage on my own 🙂
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Bauexperte
22 May 2016 10:55
Hello,
merlin83 schrieb:

If I were over 50, my first priority would be to ensure that my children at least have the same opportunities as I did.

If you haven’t already arranged that by the time you’re over 50—unless you had your children after 40—it's a bit late 😉
merlin83 schrieb:

If there is something left over afterward, and the family is doing well, and I feel capable of handling it, then there’s nothing against it.

That’s one way to look at it; many parents probably share that view.

Personally, I believe there comes a point when children also need to learn to "swim" on their own. Just because I am a mother doesn’t mean I have to give up my personal self from the day they are born. At some point, there must also be time for my own needs again. And as long as I’m not wasting my property, my children will benefit from it one way or another. From my perspective, there’s nothing wrong if parents sell their property and live off the proceeds 😉

Best regards, Bauexperte
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ypg
22 May 2016 11:02
Bauexperte schrieb:
And unless I am just wasting my property, my children will benefit from it anyway. Although, in my view, it is by no means wrong for parents to sell their property and live off the proceeds 😉

I would like to add to Bauexperte’s comment by reminding everyone that retirement planning is done for yourself and not for the children. Retirement planning naturally includes the property you build for yourself when you are over 50. The days of passing on the family home to the growing children, as was done in the past (extended families, agricultural homesteads, etc.), are definitely over in urban areas. The grown child, who is often starting their own family, usually does not want the old, outdated house anymore.