If you have a teenager rapidly approaching adulthood, or your teen has just turned 18 and is starting to think about the bigger life decisions, one thing that’ll crop up time and time again is how they can ‘get their own place’.
Now as their parent (and someone with more experience of the housing market), you know this isn’t all that simple to do these days. But it still remains one of the top priorities amongst young adults in 2025.
And luckily, it’s something that parents can try to help with. If you want to help a grown up child of your own get on the property ladder, go the route of the three methods below.
Boost Their Savings
This is the most obvious way to help someone who’s just become an adult get into the housing market. Of course, it’s quite the privilege, and it’s one that isn’t available to all parents.
But if you’re able to do so, boosting your child’s savings at this early point in their adulthood could have some long term success.
You don’t need to put a large sum of money into the pot either. You can simply lay down a small yet firm foundation for them, to ensure they don’t have to juggle this financial responsibility as much as if there was nothing there.
Teach Them How to Spot a Good Real Estate Agent
We all know there are a lot of real estate agents out there who are out for their own gain. From playing down a property’s problems to never being able to pick up the phone, there’s a lot of frustrating practices out there!
As such, one of the best ways to help your newly adult child is by guiding them on finding the best real estate agents within the area they’re thinking of moving to.
You’ve been through house hunting before, and that means you’ve picked up a bit of insider knowledge on spotting a good real estate agent. Someone who’s upfront, gives them extra details, and is more than just a friendly face. So help the kids by providing your insight; it really will be invaluable here!
Think About Shouldering the Mortgage Burden with Them
It’s not just something that couples can do. Parents can take out a mortgage with their adult children as well. It’ll be a joint mortgage in some form or another, whether you’re borrowing together or you’re simply their co-signer.
But either way, it’s something worth thinking about and talking through with them.
It’s not a decision you want to make on a whim, as there’s a lot of money at stake if something goes wrong. But if they can show they’re willing to knuckle down, work hard, and put some effort into their side of the deal, you can definitely consider it.
When children grow up, they want to move out. And even when they want to be independent, they’re still going to turn to you for some help!
