How Cape Cod Homeowners Are Turning Equity Into Generational Wealth
For many Cape Cod homeowners, the equity they’ve built over the years represents more than just financial gain—it’s a legacy. And in today’s challenging housing market, that equity could become a powerful tool to help the next generation find stability through homeownership.
What Is Home Equity—and Why Does It Matter Now?
As a homeowner, you’ve likely seen your home appreciate in value—especially here on Cape Cod, where demand remains strong. According to data from Cotality (formerly CoreLogic), the average homeowner with a mortgage has roughly $311,000 in equity.
That’s significant.
And in a time when affordability remains a major hurdle—especially for first-time buyers—your equity could be the boost your children need to step into homeownership.
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Today’s Buyers Face Big Challenges
Even young adults with stable incomes and responsible financial habits are finding it tough to buy. High prices, student loans, and rising rent costs make saving for a down payment difficult. According to Bank of America, nearly 49% of Gen Z buyers (ages 18–26) received financial help from parents toward their down payment.
For many families, that support comes directly from home equity—through cash-out refinancing, a HELOC (Home Equity Line of Credit), or even a strategic sale to downsize.
It’s About More Than Money—It’s About Opportunity
Using your home equity to help your children buy a house isn’t just a financial transaction—it’s an act of legacy. It’s the chance to give them a head start many parents didn’t have, and to ease the financial stress of entering today’s real estate market.
Compare the Market found that 45% of Americans who received help from family said they wouldn’t have been able to purchase a home otherwise. Imagine giving your child not only a roof over their head—but the ability to build their own wealth through homeownership.
Not Sure Where to Start? Here’s What to Do Next
Every family’s situation is unique, and whether this strategy makes sense for you depends on your financial goals and long-term plans. If you’re curious about how to tap into your equity to support your kids, your first step is to:
Talk with a trusted local lender
Speak to a financial advisor
Reach out to a real estate professional who knows your market
If you’re on Cape Cod and want to explore selling, refinancing, or downsizing, I can help you assess your home’s current value and discuss your options.
Final Thoughts
Your equity may be more than you thought—and it may go further than you ever imagined. Helping your child purchase a home doesn’t just give them a place to live. It gives them roots, stability, and the foundation to build their future.
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