There is no age that is considered too old to buy a home. However, there are different considerations to consider when buying a home near or in retirement. For those buying after age 40, there are actually some advantages built into the system. Focus on your lifestyle, not your age.
Both have drastically different current and future budgets for buying a home. In short? Your real estate decisions at 40 should reflect your needs right now. But if you have teenagers, Garrison suggests, “consider a smaller property, as it may be an empty nest sooner than you think.