Dream Houses and Retirement Homes

When a Couple in their 20s, 30s, 40s, 50s or 60s decide to build a dream house and or retirement home, my advise would be just go ahead and build for yourselves what you two (2) desire. Do not overcomplicate matters by thinking of or accommodating your children and grandchildren in your plans allocating one room to each of your children. It should be very clear in your mind and future plans that you are not building for the children in mind as an investment for their future and security. In real life, things do not happen like that.

Think of it from this perspective. When we were growing up in the 1970s, 1980s or 1990s, those big houses we used to see and admire in our towns and cities, mine towns and other Low Densiy areas in Provincial and State Capitals, used to look great in design, fashionable, big and spacious. From the year 2000 and beyond, new architectural designs of houses have been exhibited and mushroomed with beautiful roofing designs, with big beautiful alluminiun windows incorporating open spaces for the kitchen and dinning areas. Lounge and sitting rooms have evolved. Walking wardrobes and closets, garages, laundry rooms and verandas/corridors have all shifted our perspectives of beautiful houses making those ancient houses look like artifacts.

The best investment one can make or undertake for the children is financial sacrifice and give them great Education. Good education and exposure to enable the Children to think strategically on their own, with the ability to make sound judgment and better decisions. They will be able to decide on their own what type of life they would want to lead and live, where they want to live. They indeed will have their own capacity, ability and financial capability to decide and build or buy a 3D Printed House of their own liking/design and taste, colors, location, town, city on this surface of the Earth. They will have their own free will to decide whether buying/building a house will be necessary or they will be global trotting, moving from one city to another, one state to another, or one country o another.

To them and the younger generation, the value of your “dream house/retirement home” at some rural farm area may not be their life story and trajectory. We know of some high ranking CEO/MD who built a very big mansion. At one time in life, all his children were abroad studying at various Universities in Europe and United States. Upon graduation and from thereon, they led their own lives in different cities. Only he and wife and a dozen workers remained bored in the house. With plenty of whiskey and wine bottles in the bar section of the house. So it was with one former Central Governor of an African Country who also built a huge house, only to be sold and turned into an Embassy.

Think again and just plan for your own house where you and your spouse may age together. Remember, the design of the houses built more than 25 years ago may no be appealing now to you or to your own children. Worse with grandchildren. Once your children are sufficiently educated, well travelled and graciously exposed they will surely become very busy with their own lives and their own children and the life’s demanding routine with their own partners. You will be lonely in that very big farm house you once thought each child should have his/her own room dedicated to them. It will be costly to maintain in terms of security and farm workers in your old age. And for God’s sake, do not design and build an upstair house/one storey house with the main bedroom on the first floor of the house. The ligaments in your knees and legs will not be user friendly to you in old age.

You will be pleading for your own children to visit you and if you are lucky, they may visit you once in 5 years. Even other relatives and your former dependents will forsake or abandon you. Visiting you will only be done at long intervals. Let us be honest and real here. When did you undertake a Vacation/holiday trip to go with your own family members, spouse and children together to visit your own parents or in laws and stay with them for 5 days continuously? If you can’t do that consistently now, what makes you think your own children and their children will do that in future with the modern technology? Their great excuse will be phone calls once in a while, Video calls and zoom calls, Face chats will be the order of the day.

With all the other factors above and some not covered in this article, once you die, your own children may decide to just sell your so called dream house, share the money, blow it up or build the 3D printed apartment in a communal gated neighborhood where there is communal security and other facilities like landscaping and garbage collection.

Just enjoy your genuinely hard earned money. Empower your Children. Educate your Children sufficiently for them to come and decide what type of life they would want to live, how, where, they would want to live. They will lease, rent or build their own beautiful houses if they so desire. They may decide to migrate to Mars in future. That is up to hem. What is certain is that your dream house in that rural area, small town or farming community may no be where your children might want to spend the rest of their lives. They will have a FREE will to choose, design and 3D Print their own house. Just ensure they are sufficiently educated. Stay safe and be blessed. Enjoy your money.

Published by Kemman

Regulatory and Independent Consulting Professional with expertise in Financial Crime Risk Compliance encompassing Anti-Money Laundering (AML), Countering Terrorism Financing (CTF), Anti-Bribery & Corruption (ABC – FCPA & UKAB), Global Trade & Sanctions, Bank Secrecy Act (BSA), Know Your Customer (KYC) and Customer Due Diligence (CDD), Internal Audit Testing, Reviews, Validation, Risk Assessment. Worked in Asia, Africa, Europe, the Middle East, North America (USA). Banking & FinTech, Anti-Sex & Human Trafficking Advocate, FOREX & Cryptocurrency trading, Travel & Tours, Telecommunications & Energy.

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