We’ve been in our house more than a dozen years now. When we first built the house, we had a list of ‘extras’ we wanted to add that stretched out a few years.
We expanded our lower level, added a bar, covered & screened in our porch, and worked with our wonderful cabinet-maker on a number of built-ins. At the same time, we bought new furniture, replaced old furniture, and filled drawers & closets with new ‘must haves’.
I have no idea how much it all cost, but our ‘accumulation phase’ ended some time in the last 5-10 years. By the time we were 45-50 years old, the whole house was fully ‘kitted out’. It’s not that we don’t buy anything anymore, it’s just that we’re more likely replacing or fixing something we already have.
Our son is on the other side of this mountain. He moved into the townhouse last month and has a lot of rooms to fill. He lived in an apartment during college, but his place was all furnished. Now he gets to design, research, and shop for a whole household worth of stuff.
We tried to help him with some couches, bedroom furniture, and kitchen needs, but he has already bought a lot in his first 45 days there. This week he bought a new, sleek, living room set and 4K HDR OLED TV for above the fireplace. He said it’s probably the most expensive week of his life. (Just wait!)
I looked at some online estimates of what the contents of a household are typically valued at. The range was 40-75% of the value of the dwelling. Even at the low end of the estimate – and he is a bit of a ‘minimalist – our son has a lot of spending to do in his ‘accumulation’ phase.
No one would expect (or suggest) to him to immediately go out and stylishly decorate the whole place, but he is starting the process which will likely occupy him for the next couple decades in this place and others. It will be fun to watch it all come together for him!
How much do you think your household ‘stuff’ cost as a percent of your home’s value? Is that number still going up or have you plateaued or started to head down?
Image Credit: Pixabay