{"id":10763,"date":"2026-03-18T16:04:16","date_gmt":"2026-03-18T20:04:16","guid":{"rendered":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/?p=10763"},"modified":"2026-03-18T16:04:16","modified_gmt":"2026-03-18T20:04:16","slug":"home-buying-later-in-life","status":"publish","type":"post","link":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/2026\/03\/18\/home-buying-later-in-life\/","title":{"rendered":"Home Buying Later in Life"},"content":{"rendered":"\n

With the median age of today\u2019s homebuyer now at 59, it\u2019s clear that it\u2019s never too late to purchase your next home. But what if you\u2019re 65 and retired; does buying still make sense? The answer depends largely on your financial position and whether you can comfortably manage the rising costs of homeownership. Still, many experts agree that for those who are financially stable, owning a home remains a smart investment at any age, with the added benefit of creating long\u2011term security for your family.<\/p>\n\n\n\n

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For buyers over 60, the ideal scenario is having already owned property and now looking to make your next move. In that case, the equity built over the years can make transitioning into a new home much easier. Buying earlier in life has historically provided a major financial advantage. For example, individuals who purchased a home at age 30, the average first\u2011time buyer age in 1990, have 22.5% greater net worth at age 50 compared with those who bought in their mid\u2011to\u2011late 40s, according to Realtor.com. Even so, purchasing a home at 60 for the first time can still be a powerful wealth\u2011building step. Homeowners enjoy a significant financial edge over renters, holding roughly 38 times the net worth, according to the Federal Reserve\u2019s Survey of Consumer Finances.<\/p>\n\n\n\n

As life expectancy increases, more buyers in their 70s and even 80s are entering the market. It\u2019s no surprise that many people over 65 are considering a home purchase, especially those with strong cash reserves. Regardless of how the purchase is funded, the primary motivation for seniors is often finding a home that truly fits their lifestyle. While being near grandchildren or adult children is a common draw, post\u2011retirement moves are frequently about embracing a new way of living, one that offers comfort, convenience, and a sense of belonging.<\/p>\n","protected":false},"excerpt":{"rendered":"

With the median age of today\u2019s homebuyer now at 59, it\u2019s clear that it\u2019s never too late to purchase your next home. But what if you\u2019re 65 and retired; does buying still make sense? The answer depends largely on your financial position and whether you can comfortably manage the rising costs of homeownership. Still, many […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,1],"tags":[12,16,15,20,19,17],"class_list":["post-10763","post","type-post","status-publish","format-standard","hentry","category-home-buying","category-real-estate","tag-home-buying","tag-manatee-county","tag-real-estate","tag-real-estate-agent","tag-realtor","tag-sarasota-county"],"_links":{"self":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/10763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/comments?post=10763"}],"version-history":[{"count":1,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/10763\/revisions"}],"predecessor-version":[{"id":10765,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/10763\/revisions\/10765"}],"wp:attachment":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/media?parent=10763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/categories?post=10763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/tags?post=10763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}