Early Retirement Forums

Go Back   Early Retirement Forums > General > Young Dreamers





View Poll Results: Houses: Did you build or did you buy used
Lifelong renter 3 2.63%
Built once, never again 21 18.42%
Built more than once 16 14.04%
Always bought used 53 46.49%
Never built, but would consider it 12 10.53%
Other 9 7.89%
Voters: 114. You may not vote on this poll

Reply
 
Thread Tools Search this Thread Display Modes
Old 03-06-2008, 08:16 AM   #1
jIMOh
Thinks s/he gets paid by the post
 
jIMOh's Avatar
 
Join Date: Apr 2007
Location: Milford, OH
Posts: 1,182
House Survey- Did you build or buy used?

In my case I built twice (condo first time and dream home the second time). If you built, care to share your builder (big company or custom builder)?

We used Fisher homes for condo and Dixon for our dream home.

thx
__________________
Light travels faster than sound. That is why some people appear bright until you hear them speak. One person's stupidity is another person's job security.

Last edited by jIMOh; 03-06-2008 at 08:23 AM.
jIMOh is offline   Reply With Quote
Old 03-06-2008, 08:21 AM   #2
Sarah in SC
Moderator
 
Sarah in SC's Avatar
 
Join Date: Sep 2005
Location: Charleston, SC
Posts: 2,693
Owner built, custom, architect-designed plan for this one. I was GC and hired a great local custom builder for the major stuff (masons, rough framing, roofing, drywall, and a bit of the finish carpentry). Did the rest ourselves--11 month project.

Last one was a 1942 beach cottage that we renovated over the course of 10 years.
__________________
"Never argue with a fool, onlookers may not be able to tell the difference." - Mark Twain

DINKS, 37 and 45, plan for his ER at 50, mine few yrs later.
Sarah in SC is online now   Reply With Quote
Old 03-06-2008, 08:21 AM   #3
ziggy29
Thinks s/he gets paid by the post
 
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas Hill Country
Posts: 2,329
I didn't really "build" my first home (a small condo in San Jose), but it was a vacant unit recently built which was never occupied. I had nothing to do with the building of it. The three homes we've owned since have all been "used" -- built in 1966, 1967 and 1944 (in that order of ownership).
__________________
FIRE Clock: Retired. Since it feels like I'll never be now.

waiting for the government to privatize the gains and socialize my losses in my 401K...
ziggy29 is online now   Reply With Quote
Old 03-06-2008, 08:27 AM   #4
REWahoo
Moderator Emeritus
 
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 11,514
I voted "built once, never again". That might imply having a house built was a bad experience, but that wasn't the case in our situation. We bought a few acres outside the city, designed a house to fit our needs in retirement (single story, no steps inside, wide doors and hallways, etc.), and had it built by a custom homebuilder 6 years before I retired. Prior to this we'd always purchased an existing home.
__________________
[MODERATOR EDIT]



REWahoo is offline   Reply With Quote
Old 03-06-2008, 08:49 AM   #5
freebird5825
Thinks s/he gets paid by the post
 
freebird5825's Avatar
 
Join Date: Feb 2008
Location: 42N Latitude, NY
Posts: 1,131
bought used at very low price during high interest rates (1984)

wanted to build log cabin ranch, but cost and budget never came together...still a dream...
__________________
Freebird

Go placidly among the noise and haste and remember what peace there may be in silence. As far as possible without surrender be on good terms with all persons. Speak your truth quietly and clearly; and listen to others, even the dull and ignorant; they too have their story.
freebird5825 is offline   Reply With Quote
Old 03-06-2008, 08:57 AM   #6
GatorBuzz
Recycles dryer sheets
 
Join Date: May 2007
Posts: 205
We bought an existing home that had a new roof and new siding. Everything from the carpets to the light fixtures were 20 or more years old, though. The house was solid as a rock and the home inspection checked out very well. We have slowly renovated it ourselves and have enjoyed most of it. We're about half way there.

Our next house will likely be another existing home. However, eventually we want to build our own.
__________________
"...I'm the kind of guy who if he can't have too much of a thing doesn't want any at all."
GatorBuzz is offline   Reply With Quote
Old 03-06-2008, 09:01 AM   #7
Walt34
Thinks s/he gets paid by the post
 
Join Date: Dec 2007
Location: WV Panhandle
Posts: 1,203
Bought used twice, built once but never again. Builder was in a development, lots of customization/options available although I wouldn't call it custom-built. It is our dream home but the hassles with construction delays and only average quality mean we'll never go through that again.

We ended up staying with FIL for a month waiting for the house to be finished. Wife didn't appreciate the joke that "Well, we're unemployed and homeless".
__________________
Retired six years ago at age 52
Walt34 is offline   Reply With Quote
Old 03-06-2008, 09:16 AM   #8
Khan
Thinks s/he gets paid by the post
 
Khan's Avatar
 
Join Date: Aug 2006
Location: Greater Dayton area
Posts: 3,077
Send a message via AIM to Khan
Bought a used house (first house) 30 years ago; still here. Have no idea what the next living arrangement will be.
__________________
"Knowin' no one nowhere's gonna miss us when we're gone"
Khan is offline   Reply With Quote
Old 03-06-2008, 10:02 AM   #9
samclem
Thinks s/he gets paid by the post
 
Join Date: May 2004
Posts: 2,934
Does the term "used house" strike anyone else as a little odd? I understand "used car," "used washing machine," etc, but these are all things that are designed to have a relatively limited service life---and to be eventually "used up." "Used house" sounds strange, like "used portrait."

Probably just another reflection of our culture. Houses as commodities.
__________________
"Freedom begins when you tell Mrs. Grundy to go fly a kite." - R. Heinlein
samclem is offline   Reply With Quote
Old 03-06-2008, 10:03 AM   #10
ziggy29
Thinks s/he gets paid by the post
 
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas Hill Country
Posts: 2,329
Quote:
Originally Posted by samclem View Post
Does the term "used house" strike anyone else as a little odd? I understand "used car," "used washing machine," etc, but these are all things that are designed to have a relatively limited service life---and to be eventually "used up." "Used house" sounds strange, like "used portrait."
Maybe we need to say "pre-owned" instead. All the hoidy-toidy used car dealerships do that now anyway...
__________________
FIRE Clock: Retired. Since it feels like I'll never be now.

waiting for the government to privatize the gains and socialize my losses in my 401K...
ziggy29 is online now   Reply With Quote
Old 03-06-2008, 10:14 AM   #11
Nords
Moderator Emeritus
 
Nords's Avatar
 
Join Date: Feb 2004
Location: Oahu
Posts: 15,681
Quote:
Originally Posted by samclem View Post
Does the term "used house" strike anyone else as a little odd? I understand "used car," "used washing machine," etc, but these are all things that are designed to have a relatively limited service life---and to be eventually "used up." "Used house" sounds strange, like "used portrait."
Probably just another reflection of our culture. Houses as commodities.
I'd much rather buy used. I've bought all of the above that way so that someone else can take care of the depreciation for me-- although I'd probably draw the line at "used underwear".

A nice thing about buying used is that the home has a few years to reveal unstable land, construction defects, or other "seemed like a good idea at the time" problems. Sure, proper supervision during the building process could avoid that too, but I'm not a soil engineer or a code expert and I'd have no idea how to check up on everyone else during constructon.

Used can also mean "incredible bargain". Our "dream house" was bought from a trust whose owners had died 3-5 years before the sale. (I even checked their causes of death to make sure it wasn't related to the property). All of the survivors just wanted out-- the teenage beneficiaries wanted what was left of the equity, the trustee wanted out of that job, and the neighborhood wanted the whole extended-family tribe outta there. (It also turned out that the police and DEA wanted a couple of the parolees residents too.) We wouldn't have been able to afford the house when it was new, we wouldn't have been able to afford it if it had been a more typical resale, and we certainly couldn't afford to buy it now.
__________________
*
*
For more info see "About Me" in my profile.
Nords is offline   Reply With Quote
Old 03-06-2008, 10:36 AM   #12
Want2retire
Moderator
 
Want2retire's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 6,033
The idea of building has its allure, I suppose because one could theoretically get exactly what one wants.

I think I prefer to purchase a "used home" that maybe just needs a few tweaks to be what I want. With a used home, I get to see exactly what I am going to get. Often the prior owners have added amenities that might not have occurred to me. Also, there might be less mystery about what will occur as the house settles if it has already been there 50 years.

I enjoy living in a house with its own history. Often they feel more comfortable to me, spiritually. OK, that probably sounded like Shirley MacLaine, but it is what it is.
__________________
Dreaming of retirement....
" - - my greatest skill has been to want but little - - " (Henry David Thoreau, in Walden)
Want2retire is offline   Reply With Quote
Old 03-06-2008, 10:37 AM   #13
Martha
Moderator
 
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 9,794
I live in a town with old housing stock and not much area available to build. I don't think of used houses, I think of time periods. Our current place was built in 1903. Our first house was also built in 1903. A good portion of the local housing stock was built between 1890 and 1910 when our area was going through big lumber booms. We had an 1890s beach house we sold and after a few years someone came along and tore it down and put up a fancy shmancy house.

So, you have people who buy "Victorians" or "Craftsman" or "20s Duluth venacular" or "midcentury bungalows" or if really new, "60s ranch." People don't buy based so much on age, but on quality and style and neighborhood.
__________________
.


Do not rely on the information provided--my posts are not to be taken as legal advice. Needless to say you must consult with your legal representative. I am not responsible for errors. If I offended you with cya I apologize. If I did not, I tried.

Last edited by Martha; 03-06-2008 at 10:49 AM.
Martha is offline   Reply With Quote
Old 03-06-2008, 10:43 AM   #14
kombat
Recycles dryer sheets
 
Join Date: Sep 2007
Posts: 177
Where's the option for "Built new, plan to do it again?"
kombat is offline   Reply With Quote
Old 03-06-2008, 10:43 AM   #15
Marquette
Thinks s/he gets paid by the post
 
Join Date: Jan 2008
Posts: 2,020
Bought existing builder spec townhouse. Ryland.

Plan to build the next one for an extended stay. We've followed the work of a few architects for quite a while and will probably approach one of them. The one I have in mind works out of Duluth but seems like she'd be willing to at least come to wherever the land is to help site the house and plan everything.
Marquette is offline   Reply With Quote
Old 03-06-2008, 10:46 AM   #16
donheff
Thinks s/he gets paid by the post
 
donheff's Avatar
 
Join Date: Feb 2006
Posts: 2,688
Bought our DC house "used" and built our weekend place. Satisfied with both but hope to never build or buy again.
__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
donheff is offline   Reply With Quote
Old 03-06-2008, 11:10 AM   #17
Caroline
Full time employment: Posting here.
 
Join Date: Mar 2005
Posts: 903
Quote:
So, you have people who buy "Victorians" or "Craftsman" or "20s Duluth venacular" or "midcentury bungalows" or if really new, "60s ranch."
This is my case -- I bought a 20's craftsman because I wanted the detail and graciousness you can't get with a new house nowadays -- at least not for the price.

Coved ceilings, original oak trim, plaster work, art-tile fireplace, built-in china cabinets, big rooms, wood floors, vintage tile... and construction that cause workmen to comment, every time they see the foundation or the floor joists in the basement, that "they just don't build 'em like this anymore."

Of course, the complete absence of insulation was an issue, and a couple of other things needed updating... but I'm happy with the package and think I got value for money relative to some of the cracker-boxes they're putting up these days.

So, bought "used" and would do so again.
Caroline is offline   Reply With Quote
Old 03-06-2008, 11:13 AM   #18
Want2retire
Moderator
 
Want2retire's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 6,033
Quote:
Originally Posted by Caroline View Post
Coved ceilings, original oak trim, plaster work, art-tile fireplace, built-in china cabinets, big rooms, wood floors, vintage tile... and construction that cause workmen to comment, every time they see the foundation or the floor joists in the basement, that "they just don't build 'em like this anymore."
**DROOL!!!** Oh gosh, that sounds just absolutely gorgeous to me. I wish they built houses like that now.
__________________
Dreaming of retirement....
" - - my greatest skill has been to want but little - - " (Henry David Thoreau, in Walden)
Want2retire is offline   Reply With Quote
Old 03-06-2008, 01:48 PM   #19
myself
Recycles dryer sheets
 
Join Date: Jan 2008
Posts: 185
Built once (by a company that's since closed it's doors), still living in it.
They basically were a GC type of builder.

Would do it again. If I acted as the GC.
Although I'd definitely add some architectural character to the next house (if/when we do it).
__________________
Primary title "chief moron"
myself is offline   Reply With Quote
Old 03-06-2008, 01:55 PM   #20
Zathras
Full time employment: Posting here.
 
Join Date: Jun 2006
Posts: 616
Built once. I chose the 'built once - will never build again'.