Legacy in the Making: How Your Home Equity Could Help Your Children Become Homeowners

In today’s real estate landscape, many first-time buyers—especially young adults—are finding it difficult to break into the market. Prices remain elevated, inventory is tight, and the cost of borrowing has changed the game. But what if I told you that the key to unlocking your child’s dream of homeownership might already be sitting in your own home?

The Power of Equity

If you’ve owned your home for a few years or more, chances are you’ve accumulated significant equity. According to recent data from Cotality (formerly CoreLogic), the average homeowner with a mortgage has around $311,000 in equity. That’s not just a number—it’s a resource, an opportunity, and potentially, a legacy.

Many parents are now exploring how to tap into that equity to give their children a head start in life. In fact, Bank of America reports that nearly half (49%) of buyers aged 18–26 received financial help from their parents toward a down payment.

While the data doesn’t specify how many leveraged home equity directly, it's safe to say that long-term homeownership often creates the financial stability needed to make that type of assistance possible.

A Meaningful Gift Beyond the Money

This isn't simply a financial transaction—it’s an emotional one. It’s about enabling your children to start their next chapter with confidence and security. It’s about hearing them say, “We got the house,” and knowing you helped make that happen.

According to Compare the Market, 45% of Americans who received help from parents or grandparents say they couldn’t have purchased a home without it. That’s a powerful testament to how impactful family support can be.

Is This the Right Move for You?

Helping your children purchase a home by leveraging your equity isn’t a one-size-fits-all solution. It’s important to consult with a trusted financial advisor and lender to explore your options. But for many, this could be a life-changing gift that echoes for generations.

Bottom Line

If you’ve built equity over the years, it might be time to consider how that wealth could shape your family’s future. Could your equity be the bridge to homeownership for your children?

Let’s talk strategy. If you’re ready to explore how to turn your home’s value into a meaningful legacy, I’m here to help.

Inspired by content from KeepingCurrentMatters.com.

If you’re considering a move or simply want to explore your options, I would love to offer personalized advice based on your goals. Let’s connect and turn today’s evolving market into your greatest advantage.

📩 Contact me today to start the conversation.

Melinda Sarkis
[email protected]
(617) 943-8333

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