Couples Skip Big Wedding for Dream Home

REALTOR® Magazine Online
A growing number of couples are choosing not to have traditional weddings, which cost an average of $30,000, and are instead putting their savings toward a downpayment on a house, according to a recent online survey by KB Home.

As the average age for marriage climbs, financially independent couples are finding that rather than getting married and renting while they save up to buy, or taking on these two large expenditures simultaneously, they'd rather put the bulk of their wedding budget toward starting their life together in their new home.

"They want the comfort and security that comes with homeownership and prefer to spend their money on their future life together rather than on one night," says Jeff Mezger, KB Home's chief operating officer.

Nearly a quarter of the couples polled said they bought their homes at some point during the first six months of marriage.